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.
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
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.
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.
Yes, i can see it. But i thought it is not advisable to fade a strong Frankfurt open
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.
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.
It did the same pattern again. Monday, Friday were almost the same.
It did the same pattern again. Monday, Friday were almost the same.
Yes, I have noticed it too
Yes, I have noticed it too
But I am surprised price has not closed the weekend gap up till now
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/