EUR/USD Beginner Level trading

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@yokoyi - 1 month ago

EUR/USD

SELL from 1.16078 to 1.16052, closed with profit

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@yokoyi - 1 month ago

EUR/USD

SELL 1.1552

Exit 1.1548

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@yokoyi - 1 month ago
Quoted - yokoyi

EUR/USD

SELL 1.1552

Exit 1.1548

Trade Logic

Today the market was already in a down trend, so I waited for price to breakout of the Asian session range (orange box), and attempt to reverse back into the range. When the reversal failed, it formed a bearish engulfing pattern (on a previous days London session low) which i took as my sell trigger.

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@george_kramer - 1 month ago
Quoted - yokoyi

Trade Logic

Today the market was already in a down trend, so I waited for price to breakout of the Asian session range (orange box), and attempt to reverse back into the range. When the reversal failed, it formed a bearish engulfing pattern (on a previous days London session low) which i took as my sell trigger.

๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป๐Ÿป

Bears seem to be in charge this morning, I wonder what is drawing EU price downward, could it be rate hike positioning?

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@yokoyi - 1 month ago

Price has broken out of the Asian range but I am still waiting for an entry trigger

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@yokoyi - 1 month ago

Today, there was a EUR/USD cluster between 1.1550 to 1.1560 and price always moves towards the clusters first, so I went long

BUY 1.1541

SL 1.1523

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@yokoyi - 1 month ago

Got stopped out of my buy trade today, I am done with EUR/USD for today

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@yokoyi - 1 month ago

Today I bought towards the option expiry at 1.1500 but had to close out with profit when I spotted the bearish engulfing pattern

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@yokoyi - 1 month ago

A close above 1.14839 level will cause me to buy again and set TP for 1.1500

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@yokoyi - 1 month ago
Quoted - yokoyi

A close above 1.14839 level will cause me to buy again and set TP for 1.1500

Took a second buy trade and closed as price approached the 1.1500 option expiry

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@yokoyi - 1 month ago

I am trading the Frankfurt session, I have gone long at 473 with stop at 469

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@yokoyi - 1 month ago
Quoted - yokoyi

I am trading the Frankfurt session, I have gone long at 473 with stop at 469

One of the trades closed at break even, the other still running, its just risk mgt

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@yokoyi - 1 month ago

I went long during the Frankfurt session, trade is still in progress

BUY 1.1461

SL 1.1452

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@nsg_usd - 1 month ago
Quoted - yokoyi

I went long during the Frankfurt session, trade is still in progress

BUY 1.1461

SL 1.1452

Are you still in the trade?
I took buys too on EURUSD, but it is dragging.
Entry-1.1471
SL-1.1455

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@yokoyi - 1 month ago

Frankfurt Open Trading

Today I went short 10 minutes into the Frankfurt open. I kept on adding to the shorts as the trades entered profit, at a point I spotted a gap o the chart and opened a bigger short position of 3 standard lots and closed it after price filled the gap

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