EURUSD Post Market Analysis from Fridays Trade.

FX:EURUSD   Euro / U.S. Dollar
968 7 22
The BAT pattern completion enabled me to get involved with the short trade published earlier this week.

With Non Farm payroll coming out on Friday, I always adjust my orders by 10 pips so that there is a better chance of getting filled and avoiding slippage during extremely high volatility
Im now out of this trade for 105 pips which is nice but Fridays close saw price action push back up to the previous structure level at 1.9193.

Ill be paying attention to where the market opens tonight during my analysis.

The great thing about technical analysis is that the chart tells you what is happening therefore you can actively adapt your trading as the market unfolds instead of trying to second guess participants reactions to news events.

The "IF>THEN" thought process allows me to understand that I do not emotionally decide what a good trading opportunity is, my detailed trade plan which has been back tested, repeated and verified does.

For all my live trading room clients, I look forward to seeing you in the room on Tuesday morning             8AM to 11AM.


Good luck in the markets this week.
Overall the same expectations. Saw the double top in the asia session. Now waiting for an shorting opportunity to get involved. Greets!
+1 Reply
J_Graystone PRO Felix_Hoevelborn
Good eye!.
+1 Reply
Yea I didn't even pay attention to the new bat that formed.. Still holding Short from around 1.0928 and looking for move back to the lows for T1. It's my 1st official TCT swing trade.. Holding a trade more than a couple of hours is psychologically exhausting! I don't know how you guys do it all the time! :)
+1 Reply
I_see_BTC PRO PateSkpate
I know what you mean. The few times I've held swing trades I couldn't hardly sleep, and when I did I had panicky dreams about trading...lol
+1 Reply
Kenny do you predominantly day trade then? I know you trade the 5 min but do you do that all day?
PateSkpate J_Graystone
90% of what I do is daytrade on the 5/15mins.. Have my backtesting done a few pairs on the 1hr for TCT using a CTS. So I'm starting to implement that into my trading. For someone like me (no patience) it really tests my discipline. So we will see how it works.. It may or may not fit personality.. I'm going to give it a try for the 1st quarter. I mean I put so many hours in backtesting it that I am going to give swing trading my best shot! :)
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