EURUSD

Yes, the first fakeout trade was good. But some times you get a second test of the fakeout. Not always, but it happens.

I did not move the SL to BE on the first trade. Normally, if it has moved 6-7 pips on your side, it makes sense to move it to BE, I did not today, so got the SL hit. But that's okay.

If there is a second test, you can always enter again, because you don't know if it will break or fake again on the second test.

long 08781 stop 8 pips.

took loss 3.9 pips.
i'm out.

I'm long at 73, stop is 5 pips. It is either a fake or a break here, so it is worth the risk.

longs are a dead beat trade.
Not touching longs.

Yes, it looks like a break, but void if it closes above 79. Closed my long here, don't like the Franky close. I'm flat right now.

EU did not look good so i moved to DAX.

I will probably be forcing a setup on EU so no more trades. My trading hours are also ending, I'm off.

I did not take the pre-Franky fake at the low. I was not infront of the screen at that time.

I had tried a short at the high, but I was stopped out for -2.7. Even in hindsight now, I think it was a good trade & worth the try i.e. sell the high.

I did buy on the break of the high on a smaller lot size, but it was a very high risk entry with bigger SL. It did work out, but it was not a good trade, buying the break of the high.

I'm up for the day. Buying at the pre-Franky fake & break was the trade today. The sell at range high was also okay, even though it did not work out.

I'm attempting a long here at 91 at this mini range low. This might break, or give a fake.

Got filled at 916. Stop is at 85.

Stopped out. It was not able to break 94.

I had sold it on a smaller size after the break & me getting stopped out on the Long.

It was based on this range on 6H, till yesterday's low of 60. But I've exited at 69.

I'm out now. I'm around BE of the day.

Took profit on half long, but was stopped out of the other half (I did not move it to BE for some reason even after 11 pips). I was looking to run it till the London close or 60, whatever came first.

Pre-Franky was up from near yesterday's low, so I bought it on the pullback.

But today, the day has turned out to be very choppy. It is again at the pre-Franky low. It could go higher from here, or break it as well. If it is a range day, it would likely just chop around these highs & lows.

I'm up for the day. I'm calling it week. See you next week.

I've taken a small long at the pre-Franky low. SL is just below the low. I'm currently running it.

I'll let the SL hit on this one & see till the end of the day.

I've closed my long at 8543.

It did go till 60 i.e. overnight range high (I was targeting it during Franky), but I've exited it before, because I wanted to be done with before NY open.

See you next week, this time for real. It was a good day.

It's a really choppy day today. I am down -2.6 pips for the day. It's nothing, because I would have made a lot more.

a. I was up 10+ pips at London open on my long, decided to run it, but was stopped out.

b. Then I had taken position at 1/3 the size at the test of pre-Franky low (outside of my time, so the entry was small). It was a a very small SL.

This was also up 20+ pips, I was looking for a follow through to the 60s, the idea was to run it. But there is no follow through today. I had to cut it for about 9 pips profit only.

See you tomorrow. Let's see where they open tomorrow.

Long at 96, stop at 91. I want the 30M to close above 800, and Franky above 804-809.

Update: I've moved my stop to 92.

Stopped out.

Good morning, I was on the wrong side of the trade today. The 5 o clock candle was almost indecisive but since it closed near the top, I decided to go long and got stopped out.

For the past 3-4 days, the highs & lows have been forming 1H before the pre-Franky. This is not usual.

I think in coming days after DST, we should start to see the pre-Franky & Franky high/lows as usual.

The buy at overnight range low at Franky open was an okay trade (I would take it again). It's a probability business. On days it just does not work, so you take your loss & walk away. It went up 5-6 pips, but just did not follow through.

It's the ability to take a loss that really makes the different in P&L overtime. I've had enough days, that I know better to not fight the loss, because otherwise you will just give away all the equity in a day.

Moreover, generally, if you are trading a break, it's best to let it break, and give you a test of the break. Rather than anticipating a break.

a. I had shorted it at the pre-Franky during the last 10 minutes. I've closed my short now for 16 pips.

It was coming off this high, so the SL was small. See attached 10M chart.

b. I had added to it on Franky open first pullback, my first trade then was already at BE. It came really close to hitting my BE.

c. The reason for exit was a simple profit based target being hit, nothing else. But in hindsight there is also DPP at 59.

I can say that I was lucky today with this trade close, because normally, it makes sense to hold it till the overnight range low, because the trend is still down.

It is a really volatile day, so I'm not going to try to do stupid things here.

I'm done for the day. It has been a good week so far. See you tomorrow.