EURUSD
long 0846 stop 6 pips.
it was a long at 08846 and i have exited 2/3.
took a quick trade at the start of frankfurt.
Followed the momentum established by the last 15 min candle.
Due to high volatility used a fractional lot of the usual and added on trade rather then take a single position.
I don't normally post in hindsight, but I'm doing it to journal my trades today, so I can check back.
I made some pips today (and up for the month), but my trading is definitely not good in the last few weeks. I'm overtrading & entering/cutting preemptively. And because these end of year months are mostly without follow through, so there are false signals if you don't just let your stops hit on one side (does not mean it happens all the times).
So I'm trading small lots that my average trades. I think this is one of the only good thing I'm doing.
a. The first trade is took today was a preemptive sell at the 5M, because I was looking for a false Frankfurt. I normally wait for first negative close, so took a loss on it.
b. The second entry was after the negative 5M, and on 1M it closed below a bullish bar. So, that was a good trigger. I was targeting 750 (the Frankfurt breakout point).
The idea was that it will fake & either reverse the break. Or it will retest the break, and London will push it higher if the Frankfurt does not close below 47.
The entry was okay, but I closed on a false trigger push on upside. But I added when I realized the mistake, which I closed at 50.
c. The Bullish engulfing on London open 5M was the Long trigger with stop below it, till the Frankfurt high. This was the only okay trade I took today.
Right now it's trading between Frankfurt high & low. Maybe it will just trade in this range for the session, don't know. There is bearish pattern on 1H, but it did not close below the Frankfurt low.
I'm done for the day. I'll review my trades to correct this pattern.
I'm Long at 784, with stop below the pre Frankfurt low. I'll likely close it for a loss if it breaks below 74.
I'm Long at 784, with stop below the pre Frankfurt low. I'll likely close it for a loss if it breaks below 74.
I was stopped out.
I am out of my long I took at my 60s level, at the first 5M bullish bar. My second position was half size after the first loss.
I've closed it at the London high. EURUSD could go up more if the 85 breaks higher. If not, I think it will range between the pre Frankfurt high & the lows of London. I'm done for the day.
I'm Long at 326, and added to it at 34. Stop is below the pre Frankfurt lo. 625 is important (also near yesterday's low).
I'm Long at 326, and added to it at 34. Stop is below the pre Frankfurt lo. 625 is important (also near yesterday's low).
I was stopped out for a loss.
long 06323 stop 7.5 pips.
This was a stop out and last 2 days i have lost over 36 pips.
I'm Long at 067. I was stopped out of a Long earlier today for a 6 pips loss, in a false break below.
I had a flat day made only +500. These market conditions are a bit volatile for me.
I'm Long at 067. I was stopped out of a Long earlier today for a 6 pips loss, in a false break below.
Follow up, I was stopped out of that trade.
a. My First trade was preemptive, based on fact that pre-Frankfurt was slightly up, and bit bullish.
b. Second trade was not great, I thought on 15M, that the low was a fake.
c. My last Long was near yesterday's low. I added to this entry on break of 15M high. I've closed my long near Frankfurt high, although the target was 628.
My bias for today was on the Long side, but clearly the Frankfurt was down. And the yesterday's low held.
I'm done for today. I am slightly up for the day. But I'm overtrading.
long 05454 stop 7.5 pips.
i was stopped out for a loss of 10 pips on this one after being in profit of 12 pips. I expected market to go even higher but the trade failed within 2 hours.
The volatility surrounding the EUR is giving me a hard time and so i will have to be cautious.