EURUSD
I've closed it at 72 at the London close. It did look like it could go up more to 480, but I did not want to sit more for this.
I'm done for the day. Happy weekend. I'll see you guys next week.
460 is the last week's low. It was still a counter trend trade at Frankfurt open when I entered the trade. It was just based on 15M PA at the 460 level.
It is still in a downward trend (attached 4H chart), so it is still possible that it could go back down again.
i will be fading the asian move down and am long 0500, be careful and wait for frankfurt.
i will be fading the asian move down and am long 0500, be careful and wait for frankfurt.
long 05007 stop 5 pips.
I'm Long at 502, stop at 496. If it works, it must first clear the pre Frankfurt high of 507. I'll the add to it.
long 05084 stop 7 pips.
closed all for a loss 5.5 pips, i am walking away, this market is not looking favorable to me.
Posting the trade i took, did not post in real time but it is a profitable trade. There have been losses recently i have actively written about them here too.
I got a net BE on the day, the market is a bit more faster then i am used to.
Stay careful, wild swings can happen.
I got a net BE on the day, the market is a bit more faster then i am used to.
Stay careful, wild swings can happen.
I agree, it is hard to enter today with a small SL. Each 5M is 5-10 pips.
Took a Long at 378, was stopped out for around -5. I flipped it based on the opposite signal break at half size, and closed it at the Franky low, although it did look like it could break lower.
Net net, I'm BE for the day. I started late today.
Right now, it is around the Asian low, so it should react from here, atleast give a bounce. But I'm done for the day.
I agree, it is hard to enter today with a small SL. Each 5M is 5-10 pips.
Took a Long at 378, was stopped out for around -5. I flipped it based on the opposite signal break at half size, and closed it at the Franky low, although it did look like it could break lower.
Net net, I'm BE for the day. I started late today.
Right now, it is around the Asian low, so it should react from here, atleast give a bounce. But I'm done for the day.
For context (I mentioned Asian low in my last reply), the Asian range low is around 352.
The London broke below the Frankfurt low. In most such cases, when you break above or below the Franky high or low, it is higher probability, that it will go lower in the session or range between the Frankfurt 367 (approx.) Asian low 352.
I've marked Frankfurt low with a box on the attached chart.
