Two trades i did today,my first was a buy order on eur/usd at 10600 with a tight stop,I got closed out ,we had a spike down to 10592,placed my 2nd order,I let the trade run to 10615,closed out,maybe abit early but downside risk is much higher.I try not to trade after 19.30,see what tomorrow brings.
trades in progress,shorted Eur/Usd at 11.00,took a small profit,we got a small pull back,then took another short trade at 11.30,saw some weakness in the trend,broke away from the upper bollinger band,usually we get a reversal around 11-11.30.Also noted was the earlier peak to 10597,which we sometimes get before a sell off,especially around weakness,just waiting for eur/usd to break 10580 still holding short position from earlier.
Some action this morning we got some buying before the sell off on the figures release,caught some action but missed the larger move,looking for a bounce off the 10560 level now.10630-640 resistance for now,I would like to see a break through of this level before id start selling again,a few attempts have been rejected
What an exciting day yesterday was,draghi playing games with mr.market,one never knows what to expect around a major news event,one thing for sure expect to get your ass kicked if you have a bias.One lesson I have learned from past experiences is wait for the figures to be digested.For now I expect the euro to remain around the 10860 level,the jobs report later today should provide an opportunity if the figures are good.The Euro area is looking stronger for the short term,its going to be a long time before we see parity.Right now seeing a push back up to the 10920 level closing gap.
Hi everyone,quick scalp ,eur/usd resistance line was 10860,as you can see we got a tiny push above to knock out stop losses,simple trade,just wait for it to pop above,10 points in the bag.Lets see if it does the same at 10836 resistance line.
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