Price is at HTF value are to short from. MTF closed below EMAs. LTF BOSed Market Structure. Good for short. Order set @ 92.017 with 23 pip stop @92.237
After yesterday's prediction of price dropping down (although we didn't get a pullback entry) We are having price stall at the bottom of the move, and show its hand as a quick reversal to the upside. Order is set at 1.01662 and 7.5 pip stop @ 1.01587.
USDJPY trade is still running, but risk is removed on it. Therefore, I can safely enter another USD trade. In this case EURUSD is still pulling back. We broke below 1H50, and broke out of a pattern + Market structure. Order at 1.02543 with a 28 pip stop at 1.02813.
Price is overextended on the way down. We were waiting for a possible reversal to the upside. It now broke to the upside on 4M (LTF) with MTF (15M) closing above fast EMAs. Price also broke Market Structure. Line Chart shows BOS as well. 1H and 4H decelerating. Order set at 130.692 with 28.6 pip stop at 130.406.
Price was moving up in a pattern formation. Yesterday we attempted one short which we closed early, and then ordered for a trade Long, but price barely didn’t pullback (0.6 pips). In the early Asian session nothing was happening, but now price broke out of the pattern and closed below 4M 50 and 200 EMAs. Ordering for a trade short at 1.02605 with a 18-19 pip stop...
This is a day-trade Long setup. Order is placed at 92.790 with a 23 pip stop at 92.567. I won't be able to update this trade for the next hour and 15 minutes as going to get a quick workout in. But the plan is the following: If we get triggered in -> 1:1 TP set on one of the trades and the rest we manage. If 15M closes over our confluence support - we get out for...
Continuation of a previous trade idea where we tried to Short, price gave us an option to close early for a little loss as it was turning around. We did. Booked -0.40 loss, instead of a full -1. Now price forming a possible reversal to the upside. Order is set at @1.02243 with a 11.5 stop at 1.02128. Will see if it pulls back or not.
Pretty good trade lining up that fits all of my criteria to justify an order placement.
This topic is quite a sensitive one. On one hand we enjoy trading and have passion for it, thus we don't want to miss action/opportunities, on the other is balanced life and ability to enjoy fruits of our labor/decisions. When I first started trading in December 2014 - I didn't take a full-week break from charts until February 2022. Almost 8 years of non-stop...
Market is giving us yet another possible entry. After a series of trades when price didn't quite go as we ideally would like it to it may be frustrating to pull the trigger again. Yet that is exactly what must be done in order to create consistency. Order is set at 1.02519 with 22 pip stop at 1.02744. Will see how it goes.
Re-evaluated of the previous attempt to set an order, price moved up a bit more, seems to be still good enough. Order at 1.02459 with 18.3 stop at 1.02276
Previous trade we managed quite well, and now price is printing us a possible reversal to the long side. We have an order set at 1.02402, with 12.3 pip stop at 1.02279. Will see how it goes.
Playing the MTF (15M) candle to the short side. Order set at 1.02363
Re-entry on a trade that we just took a L one. Lower Timeframe and MTF might be breaking down, it's possible price goes to target from here.
Posting right now, and will update in the next comment.
Price collected orders below, as we are in an overall HTF-based (1H-4H for me) bullish Market Structure. 15M (my Middle Timeframe) - breaks above fast EMAs and 50 too. Order placed at 0.618 pullback with a stop below previous swing. We target 1:1 for 1/2 off a trade, and -0.27 fib for another 1/2. (This is the backbone of how I trade). We might also be exiting...
Hey there fellow traders, publishing my first trading idea. Today it's going to be a USDCHF short play. First , let's take a look at $ USDOLLAR FXCM index to see where we are overall with dollar for the coming days/weeks. We'll be using Weekly Chart. As you can see we have a very nice support resistance level at around 12200 and price has been failing to...