TriggerTrades
Short

EURUSD SWING SHORT

FX:EURUSD   Euro / U.S. Dollar
SHORT SWING TRADE

he EURUSD             is in a really good trend right now.

It has been in this range on the 60m chart for the last 3 weeks trending lower.

I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips.

I will be going in and out of this trend SELLING ONLY (I don't feel comfortable buying this at all should it fall lower)

This should be incredibly interesting to watch.

Trigger Trades - Precision Trading
Hi @Casey_Yeo,

I would be looking to start shorting the EURUSD once it hits the top of the trend line. I would also set a fairly high stop loss ie 30-40 pips but a low trade size to compensate for that.
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Casey_Yeo TriggerTrades
Thanks for your reply. Still wondering whether you put a limit order at the top of the trend line or you wait for further confirmation after price hit the top of trendline? If latter, what kind of confirmation you looking for?
Reply
TriggerTrades Casey_Yeo
Hi,

No Probs.

I think that having it break the trend line would be a selling opportunity. It went a lot higher than I intially thought it would go and seems to be using the trend line as a support, well maybe it has touched it once and rebounded, it is touching it now and if it rebounds this time and then another we could see a short term trend reversal and if it does go higher it might be worth to double down and sell at a slightly higher price.

I wait with baited breath.

Regards

Reply
How are you going to determine when to enter and when to exit?
+1 Reply
TriggerTrades Casey_Yeo
Hi @Casey_Yeo,

I would be looking to start shorting the EURUSD once it hits the top of the trend line. I would also set a fairly high stop loss ie 30-40 pips but a low trade size to compensate for that.
Reply
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