EURUSD Outlook 3/12

Bullish on EU, however I would like to see sellside cleared before buys become more attractive.

Comment:

In a demo short, glad i closed my friday short as the weekly open gap would have wiped out profits. This is a reminder to keep closing before the weekends.

Friday's high was taken out, we got a BMS and trade into mitigation block.

Comment:

taken out BE, will see what NY brings tomorrow.

Comment:

Short on EU

Trade closed: stop reached:

Market had other plans.

Comment:

last attempt, short off the 1min breaker after buyside taken.

Comment:

reducing risk.

Comment:

holding intraday, looking to close before CPI tomorrow.

Comment:

aint nun but a lil bit of patience. moving the SL of one of my positions to break even to reduce overall risk.

Comment:

gonna go fully risk free and stop watching the charts for the day. there is a risk that london will put in a new daily high and take me out of the trade but c'est la vie.

Comment:

stopped out break even on yesterday's trade, wish I was up to close some during london, im short again at pretty much the same price

Comment:

might e on the wrong side here.

Comment:

stopped out, one more attempt.

Comment:

added to position

Comment:

extremely tricky price action, had to give the add some room and move all SLs to the recent high.

Comment:

Comment:

switching sides at the balanced range.

Comment:

shorts closed, in longs.

Comment:

doubled up with a tight stop.

Comment:

take profits updated.

Comment:

really shitty price action.

Comment:

whatever the final move is going to be, they dont want anybody participating thats for sure.

Comment:

giving it room to original SL.

Comment:

really tough day for price action today. glad to be able to make some sense of the madness.

Comment:

Going break even.

Comment:

adding to position off the breaker x 5min FVG. (afternoon session)

Comment:

SL moved into profit.

Comment:

Come up with your trade idea, manage your risk, and be stubborn. dont let price jerk you all over the place. take the L and move on if your idea is invalidated.

Comment:

Comment:

Comment:

need to see the 5min balanced price range support price.

Comment:

price took CPI high and seems to have run out of steam for the day.

Comment:

giving it room and holding intraday.

Comment:

theoretical added position here during asia, not a live but for self education. (Breaker + FVG)

Comment:

Note to self: backtest balanced ranges this weekend.

Comment:

balanced ranges seem to be extremely probable for entries, but not for stoploss placement. 3rd position was not live but use balanced range for idea

Comment:

unfortunately did not get a prime opportunity to take profit, stopped out during london.

Comment:

long on EU again.

Trade closed: stop reached:

Comment:

last attempt, DXY breaker entry.

Comment:

lol I was beginning to think I lost my mojo.

Comment:

i honestly wouldn't be surprised if EU prints a new weekly high from here.

Comment:

holding interday, more conservative TP

Comment:

chugging along.

Comment:

price hit my TP, i was awake early and took a short from bed lol, price kicked me out just before dropping. small profit. SL was a little premature.

Comment:

im short

Comment:

added to position at the balanced range. aiming for yesterday's low

Trade closed: stop reached:

stopped out

Comment:

I think we go up. news would have sent price down if it still wanted blood. aiming for the weekly open.

Comment:

nice. break even.

Comment:

TPs updated.

Comment:

will add here if given opportunity.

Comment:

might get that opportunity.

Comment:

might not.

Comment:

was tapped into 2nd position. holding interday likely. SL at breakeven.

Comment:

beginning to partial out of position as price approaches TP.

In the future work on taking profits as price approaches TP. Analysis is different from making money. partial-ing out pays you.

SL of first 80% partial moved beneath most recent OB. 20% running to final TP.

Comment:

4HR balanced range was instrumental here as well as in NAS idea.

Price below a HTF balanced range (in a bullish scenario) is defacto considered discount pricing. use this as a trade justification long on LTF entries.

Comment:

added another TP level.

Trade closed: target reached:

all TPs hit.

Comment:

going long again on EU. dont love that asia low, but price has traded into 4HR O and BMS upwards. News might be the driver.

Comment:

added to position after a 1m OB following rejection from 15M balanced range.

Comment:

price getting healthy with the help of news.

Comment:

giving it some room as we ran into 2HR BRs above.

Comment:

going back break even

Comment:

I think we are good from here out till higher prices.

Comment:

moving SL up, locking in some profits.

Comment:

I want to see price punch through that higher balanced range with momentum

Comment:

TP1 Hit, price in TP2 range and I have begun partial-ing out as stated I would begin to do earlier in the week. really great trade this one. Might just end the week on this note.

Trade closed: target reached:

the full trade has been collapsed manually inside of the second TP range.

Comment:

price eventually completed final TP at weekly open.

Have a great weekend!