EURUSD daytrading setups for short term trades.
Morning short @ 1,3359 produced 0,2% profit because of partial TP - partial BE.
PRICE ACTION
wtorek, 15 stycznia 2013
poniedziałek, 14 stycznia 2013
Trading day summary:
Yellow lines mark possible trades to take.
Instead of holding on to long trade @ 1,338 I should have reversed it to a short @ 1,3375-80.
Second trade was taken too low and got SL at the top where the trade was entered again after setup.
Third trade was profitable.
Fourth trade was easy to take... as long as you're ready for it in front of a computer. Missed opportunity for me.
Yellow lines mark possible trades to take.
Instead of holding on to long trade @ 1,338 I should have reversed it to a short @ 1,3375-80.
Second trade was taken too low and got SL at the top where the trade was entered again after setup.
Third trade was profitable.
Fourth trade was easy to take... as long as you're ready for it in front of a computer. Missed opportunity for me.
niedziela, 13 stycznia 2013
Short term daytrading view.
Long @ 1,338 with TP 1,34
Looking for a short between 1,3400-1,3410
Another SR to look for a short trade @ 1,3435
Still long trades prefered over shorts, but we are in very over extended situation, and correction can be expected - just needs something to be triggered.
Safe bet - take shorts after TL BO, instead of shorting new highs - personal preference - it all depends on price action.
Long @ 1,338 with TP 1,34
Looking for a short between 1,3400-1,3410
Another SR to look for a short trade @ 1,3435
Still long trades prefered over shorts, but we are in very over extended situation, and correction can be expected - just needs something to be triggered.
Safe bet - take shorts after TL BO, instead of shorting new highs - personal preference - it all depends on price action.
poniedziałek, 7 stycznia 2013
piątek, 28 grudnia 2012
środa, 5 grudnia 2012
Are we due for a correction before heading north?
The move is strong and I expect it to last at least till around 1.3500
Breaking double tops to the upside is a very strong formation on lower timeframes, but considering fractal structure of the market I see potential for it working also on D1 TF.
More conservative play is to take corrections long until proven wrong, which for me right now is below 1.2880
The move is strong and I expect it to last at least till around 1.3500
Breaking double tops to the upside is a very strong formation on lower timeframes, but considering fractal structure of the market I see potential for it working also on D1 TF.
More conservative play is to take corrections long until proven wrong, which for me right now is below 1.2880
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