EUR/USD Beginner Level trading

I was fading the Asian, and I have closed my buy at the nearest hourly high.

This is like a replica every day now for the last 2 weeks. Pull back to the nearest hourly high then drop really fast. Look at any day in the last two weeks.

For example, today (Tuesday) is almost identical to the last Tuesday. Go to the nearest hourly high, not even the next major options barrier. Today major options barriers were at 1640 & 1650 on the up side, it did not even go there.

Yes, i can see it. But i thought it is not advisable to fade a strong Frankfurt open

And there is another repeatable pattern happening here. The first 10-15M of London makes a new low, and the next hours just fade it. It could just be a repeat of it.

I did not buy it again at 1625 options barrier (fading first 10M of London), because I've punched out of my trading terminal. But it is likely a buy based on the last 2 weeks pattern.

Honestly, I would never fade the Franky move. But when you see a repeatable pattern, it is hard to ignore it. This is the current regime, it might change in the next month.

It did the same pattern again. Monday, Friday were almost the same.

Yes, I have noticed it too

But I am surprised price has not closed the weekend gap up till now

It is possible that it never closes the gap, I don't know. I try to trade intraday on Franky open based on what I'm seeing then, on the exact opening & the sessions before.

There was good news over the weekend regarding the war. I'm biased on the Long side mostly, and I know that bias, so I know when to take a hit quickly.

I'm not a macro trader, but those who I've read for some time, they are not Long the EUR (they are long USD): https://www.spectramarkets.com/amfx/priced-priced-baby/

Update on this trade, I was stopped out of my short before price went in my direction. Today I was long but got stopped out and then i went short and closed at BE

Download indicator here:
https://media.mytradingland.com/prop/5869797965654rfhgu687897780.ex5

Read the usage instructions on the EURUSD thread.

From tomorrow we are going to be watching these key levels

FX option expiries

45/50 level is important on the upside for days now.

Yes price has been touching the 45/50 level since morning

I took a buy trade and I am still holding it open. I entered the buy after price closed above 1.1645 and I expected price to push upward till 1.16624

I had a sell order at the first red bar during pre Franky. I was fading the Asian high. It was up 6 pips, but I closed it for -2. Today is not even a 10 pips market (atleast for now).

I'm done for the day now. This does not look like a good day, it is just up & down, it could as easily break higher or lower. I'll just wait for tomorrow.

Just received a margin call and my broker stopped me out of my long trade after I couldn't comply with the call.

After I got stopped out just look at how price rallied upwards

I just took a long trade my SL is set at breakeven

I got stopped out at BE