EURUSD

It has bounced off of DMS1. The NY low is at DMS1. It is at 1712 approx. Also Monday's high. This was the target for short in morning, but it did not work.

London first went to DMR1.

EURUSD loves pivot points especially mids, they are often good places to take trades or take profit.
DPP=Daily pivot point.

YH,YL,YC=yesterdays high, yesterdays low, yesterdays close

DR1,DR2,DR3=Daily Resistance point1...Daily Resistance point2...Daily Resistance point3
DS1,DS2,DS3=Daily support point1...Daily support point2...Daily support point3

DMS1,DMS2,DMS3=Middle point of pivot and support point1...Middle point of support 1 and support point2...Middle point of support 2 and support3

DMR1,DMR2,DMR3=Middle point of pivot and resistance point1...Middle point of resistance 1 and resistance point2...Middle point of resistance 2 and resistance 3

Calculation:
DPP=(YH+YL+YC)/3

DR1=2P-YL
DS1=2P-YH
DR2=DPP+(YH-YL)
DS2=DPP-(YH-YL)
DR3=DR1+(YH-YL)
DS3=DS1-(YH-YL)

See attached image from my indicator.

If you want the indicator for mt4 reply back.

Today's Trades, actual dollars not a cent account:

I'm short at 17772. Stop at 81.

I'm out for approx. +10.5 pips on average lot size (with my added positions). I'm done for the day.

Today's trades:
Short of DMR1 and mini range high.

Chart:

Areas of interest are attached in chart. I believe 1.1760 will be key.

Option Barriers:

1.1750 of 612M,
1.1725 of 120M.

I am seeing no clusters. meaning we cant deduce the first pull direction.

The biggest drivers this week is the FED interest rate decision. EU reached a 15% deal with US. I can't come up with the sentiment reading but the news analysts say it is bullish EUR.

Okay, good morning. I am going long with TP around 750.

I'm short at 42.1. Price is below the Asian overnight range. Next level is at 284, DMS1.

I am short too.

I'm out at 28. I'm done for the day.

I shorted too.

I can't say i did not know if MS1 at 30 was definitely coming but the price rapidly fell.

I was aiming for 10 and i got it easy peasy. It fell to the levels i highlighted 11714 could have made 3200 more but that is just what trading is you never know.

All it would have taken was another 10 minutes.

Done for the day.

I was short at 32 average after first 15M of Franky, but I was stopped out at 36. I was looking to fade the pre move today.

But I did re-enter at 37. I've closed it at 22. My daily limit was not hit, so I took the second trade.

I'm done for the week. This week, 4 out of 5 days my initial entries were losing, with SL hit almost at point. I'm up for the week.

It has been bad week in terms of my trading, but because of my daily loss limits, I'm up.

Shorted the last 5 Min red bar of Pre as my trigger and frankfurt trying to fall back inside.

Frankfurt bar faked out above that, i took a modest exit with pips left on the table.

The HCOB PMI was right around the corner so i did not push it.

Sessions Chart:
Pre hit the high franky faded it. And there was no clear break above pre that made me decide on the sell.

I made 4800 USD this week. This week was a hammering most of the first trades failed.

Market was volatile if it moved it moved fast and being on the right side paid handsomely.The hodlers made a killing and were up a lot.

Trading Fast Markets:
The thing about fast market, your risk is out of control especially if you are trading large lot sizes.

Why volatility isn't always a good thing:

I know from my years of trading the volatility can kill you especially if you are on the wrong side of it. Consider this Monday fading it would have been a death sentence.

My thoughts on this week:
Consider a man throwing rocks at a target with eyes closed, so he could keep throwing rocks with eyes closed still would have hit the target, that is how sellers enjoyed in this week.The runner were paid handsomely and if you were taking fixed amount of pips you were always seeing market go way past your take profits on the sell side.

I would summarize the week as deadly. If you could survive it you could survive most market conditions. If you made it through go have quality time with your family.

Happy Weekend...

yes, the only time franky closed above pre it was followed with downward movement. That is why I didn't trade Franky session today, I just sat on my hands. I only traded Pre-franky. Happy weekend

I've closed my long at pre high. I was fading the pre move.

I think this was a chance exit, that I exited at the high. I was expecting it to go higher till DMR1 atleast. But what the hell. I'm done for the day.