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akhena10fx
Mar 6, 2023 12:13 AM

EURUSD Outlook 3/5 Long

Euro Fx/U.S. DollarFXCM

Description

Bullish overall on XXXUSD pairs, but NFP is this friday, its not as straighforward how price gets to its final objectives but this is what I find interesting at the moment.

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plotting. will see what develops, would like to catch a trade either today or tomorrow then observe the rest of the week

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took a short before confirmation, but we are in a 2hr FVG. might be a little early. lets see what NYSE decides.

Trade closed: stop reached

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giving the short another go.

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SL is BE. aiming for a 1:1 projection (standard deviation) of the trading above the 12AM open price, reflected below it for my 1TP. 2nd TP is the monthly open price.

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added a second.

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hoping to get a drop before the day closes.

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still holding first position, had to give it room overnight.

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lol, thanks Powell.

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closed full position here cus I dont want to stomach a retrace.

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I dont think the selling is over, but the market might want to take out all the "price chasers"

I will consider a re-entry if we get a retracement to this level.

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Ignore that random stop loss level, that was used to measure the open price on an 8hr candle and not for actual trade management.

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TP2 hit after being deleted. Still comfortable with the decision cut and run earlier. However this is a win for analysis.

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Considering.

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no trade taken. Note how entry criteria failed to form. This is a better approach than buying and praying. identify what you need to see to justify participation, then participate if the market delivers.

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buying here

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still holding this bag, but looking to get out at small profit.

Trade closed: stop reached

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long on EU again, weekly outlook idea is developing nicely.

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Added to position

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Just need Powell to be a good boy today.

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Powell took out my add, I added one back in during the drop

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going risk free.

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some of what im looking to see.

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march open price is giving some resistance, hopefully price can push through.

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adding a third position here on demo for education

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demo trade didnt hold, SL is back down at BE, had to give it room.

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still holding but she's running out of steam. will see what it looks like by days end

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ill hold intraday if it closes above the open.

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lol what is EU cooking?!

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holding. but I dont love it tbh. we'll see what tomorrow brings.

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dont love the daily doji with FVG as the market likes to take liquidity on both sides of doji.

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going to dial down the hubris factor and shoot for more conservative targets, and respect the daily FVG and its ability to put in a new low once traded into. looking for a 1.5 STD extension of yesterday's asian range for a take profit.

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still holding. this is pretty sh*t price action. would like an exit so I can call it for the week.

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lol what was that?

not complaining tho. feel more comfortable moving my SL, below the 12am open.

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price is struggling to sustain trading above the monthly open but I still believe we get there with some patience.

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Need NYSE to behave.

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developing, moving SL higher into profits.

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im still a believer in this trade but this has to be the worst price action in a while. I will hold till either SL where it currently is, or TP. Or close before NFP even if NFP brings completion I dont want to be in an open trade for that.

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this is what im looking for to start thinking about an exit

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gave SL more room to below balanced range

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nice. could have been a nice entry if i wasnt already involved.

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I should take up knitting...

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probably my last stoploss move

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added a small position with a tight SL.

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add got stopped out and I closed trade manually here. Didn't get the push I was looking for and it looks unlikely at this point. extremely annoying trade would not recommend lol.

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taking a short, will try to clsoe before NFP.

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Lol the market successfully kicked me out of my position and baited me into a bad trade. well played, ill take the reduced profits as a consolation prize.

Till next time.

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definitely regretting selling position but c'est la vie.

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looking for shorts, taking my first attempt here, will try one more time if it doesnt hold.

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initial reaction is encouraging, i would like to add to this if it gives a breaker entry, dont want to double up before im well into profit, unnecessary risk.

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i gave it some more room to the high of the last hourly candle, still in this.

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stopped out, trying again

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was way too impatient for an NFP day today.

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short again.

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JFC finally getting on the right side today.

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note to self, stay off the 1 min chart.

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adding here.

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balanced ranges might be the most reliable small stoploss entry technique that exists. Will look to study and journal this weekend.

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added another and reducing TP level.

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closed positions here before market close. This week was good overall. decision making slipped a bit on thursday into friday. in retrospect should have let thursdays long continue to completion and sat out NFP but hindsight is 20-20.

back at it again next week.
Comments
VasilyTrader
Noted, thank you!
badeaw12477338
Let s goo again bro!!!! 45 lots shorts entry at 1.0680. What TP do u suggest? Thanks alot
akhena10fx
@badeaw12477338, lol you already know my answer is going to be "I dont hold over the weekend" but I like these levels. maybe its gets to the first one today still.
badeaw12477338
@akhena10, ok man, you are the best! I will wait 2-3 more hours and then close. Thanks again!
RoboForexAnalysis
I expect it to continue crashing short from now
Gouldberg
Powell began at 10:15. Assume, it will go down.
akhena10fx
@Gouldberg, I'm bullish, but ive been wrong before lol.
Gouldberg
Looking good so far.
Leo-btm
Same idea from different perspective, good luck
akhena10fx
@Leo-btm, thank you, good luck to you too!
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