Bearish on EU, I want a stronger low to be put in before I am convinced of sustained bullish price. Here are the levels I find interesting at the moment. This is in line with my bullish DXY outlook.
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short on EU, need to see something encouraging soon.
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seems to be developing, but still at risk. will move SL to BE at a new low formation.
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Going to ask less of price on a monday and close out just below 12AM open price if it gets there. SL just above BE as there is a new low formation
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moved SL back to the daily high, original risk.
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dont love the 5min balanced range, price will need to violate it decisively.
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thats more encouraging.
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SL moved to break even.
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Lol SL back at the daily high, no more messing with it. Price is pretty indecisive today.
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slowly losing confidence in this trade tho, the high may be violated before sellside is targetted.
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had written this one off mentally tbh but might still play.
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DXY has made 2 lower lows, while EU has failed to make any higher highs, this leads me to think EU is weak relative to the dollar, I will be holding interday, however the risk of tomorrow making a new high and stopping out the position is there.
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Lol what a grind.
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taken out during london, probably should just have exited once it didnt develop. still looking for shorts.
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I dont like taking positions as soon as NY opens, but I like the price.
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hate taking trades off the 1M, i prefer the 5, but this is what im tracking, as its a volume imbalance, price may not give a nice 5M entry.
Trade closed: stop reached
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first trade was premature. Giving it one last go for today.
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great reaction off the 5M Balanced range. SL moved to break even.
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small position added at the breaker.
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going break even on added position.
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added position stopped out break even. Tight margins, NY session hasn't given much this week. probably wont trade tomorrow ahead of FOMC.
Trade closed manually:
Closed out small profit. dont think it will deliver.
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short on EU. looking for FOMC to return price to the yearly open
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1HR FVG sends price up for a reduced risk loss. Sidelined till after FOMC.
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need to work better at sitting on my hands
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will consider a short if news plays out like this.
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taking a risk entry short here based on the higher timeframe
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Will hold interday if today closes below the balanced range (white box)
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reducing risk.
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risk entry was the right call as there was no typical entry schematic near the high.
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developing favorably.
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it does look like the daily will close below the balanced range so i will be holding interday and expecting lower prices.
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stopped out break even, id be lying if i said EU hasnt been frustrating this week.
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in a buy.
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need price to not show a willingness to trade below the 12AM open. dont want a weak choppy move here.
Let the algo show you its hand.
