timmynorin
Short

EURUSD Daily Short setup

FX:EURUSD   Euro / U.S. Dollar
Why?

Broken bullish trendline , should as act resistance.
61.8 fibo retrace
Structure, previous support, should act as resistance
Bearish trendline , should act as resistance

What more would I want? I'd prefer RSI to show even more overbought, but still, enough to hold my case.

Taking profit above previous structure support .

NFP tomorrow, but since this trade is on the daily I'll leave it to its fate.


Oh, noticed the bat? I'll leave it there for motivation. :)
Trade closed: stop reached: Was on a good way towards target. Then Trump came along, thanks Trump! You owe me $. Stop loss hit.
I would have moved my S/L to 1.10670 before the TRUMP day If I were you ;) I took a small short at 1.25 - with a S/L at 1.3660 Risked a lot in terms of pips, but that's why I went for a smaller trade size to make sure my MM is not compromised. Well done overall. Good call on the short. I didn't trade as I expected high volatility on the election date.
Reply
timmynorin GaborKrasznai
@GaborKrasznai, Yeah, I have noone to blame but myself for 1. not accounting for Mr. Trump with placing stop loss, or 2. getting out of the trade prior to news. As long as I know exacly what I can do different next time, theres no reason at all to be upset. (But in hindsight, this was really a rookie mistake! Thats what I get for being comfortable ;) ) On to the next opportunity!
Reply
possibly better trade on shorter time frame to keep up with price
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out