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- MnrComposite replied Jan 14, 2021
Space, Time & Ergodicity When you first look at a price chart, you see that we are watching price evolve over 2 axes, price and time. And as you watch the price trade, it appears that these 2 axes are linked and are moving together. But… are they ...
- MnrComposite replied Jan 14, 2021
Try EURUSD again. Let's see what happens! image
- MnrComposite replied Jan 14, 2021
CADCHF hit TP so I finally freed up some margin. NZDUSD still looking pretty ripe. Shorting here. Probabilities suggest we have about a 40-50% probability of profit with this one. Time will tell though! image Can almost see the 3rd leg of what ...
- MnrComposite replied Jan 14, 2021
Yes that looks like money to me. Forgive my mixing of terms, since we are below MA, we want a lower high, which comes just after your horizontal line. Selling 20-40 pips from that peak looking 1:4 to 1:1.5 RR (depending on where in the 20-40 pip ...
- MnrComposite replied Jan 13, 2021
Once spreads tighten again after the close will be looking to get short NZDUSD. Set up looks really nice... image Need to free up some margin though so we will see...
- MnrComposite replied Jan 13, 2021
AUDJPY and USDJPY trades are basically stuck at entry. Shorting EURJPY to hedge the JPY exposure a bit. Will be looking to short another JPY pair if it's in play to be hedged completely on JPY. We will see what the market provides though. image
- MnrComposite replied Jan 13, 2021
Taking USDJPY Long. Setup forming just as we would like to see it. The model suggests this is a pretty high probability setup (greater than 50% probability of profit). With RR being offered by the market, it worth taking the risk! image Only ...
- MnrComposite replied Jan 12, 2021
EURUSD looks to be heading for the stop. Very likely to get stopped out. We are setting up to watch a great development for our next entry though. image You can see that we are below the 200 MA and have recently made a nice lower low around ...
- MnrComposite replied Jan 12, 2021
Current Open Trades: image Everything is green minus EUR/USD short. That has been consolidating quite a bit. It's still a great short here with a roughly 40% probability of reaching the TP before the SL. You can do the math on the current RR ...
- MnrComposite replied Jan 11, 2021
Banked some pips. Shorting this pop to see what happens! image Looking at about a 38% probability of banking. Anything can happen though!
- MnrComposite replied Jan 10, 2021
I got greedy EOD Friday and entered a short for the weekend. Glad I did though as it's playing out nicely now. image As long as we stay below the 200 MA, I will be trying to short any pops. Just ride the trend and look for good RR.
- MnrComposite replied Jan 8, 2021
Was going to sit out rest of week, but looks like we could see a quick drop down. Trying short. Will hold over the weekend. image
- MnrComposite replied Jan 7, 2021
Trying long side again. Looks like a strong bounce off of 200. Right now looking at about a 42% probability of success with a 1:2 RR. image
- MnrComposite replied Jan 6, 2021
Took a fat finger trade. Meant to set a limit for 1.2314 but accidentally entered at market x.x Probability is still in our favor. Have about 42% probability of success with a roughly 1:2 RR. Let's see if she can bounce! image
- MnrComposite replied Jan 4, 2021
Stopped out at BE +. a pip. Have opened a long position. Looking for 1.23395 before 1.22395. As of now, it looks like we only have about a 42.5% probability of this happening, but with a 1:2 RR, that's money. image Euro feels ready for a move up ...
- MnrComposite replied Jan 4, 2021
Let's see how it plays! As Pollen noted, we could be rounding out here. Since we have seen a nice 40+ pip drawdown from the 12:00:00 candle close, it seems much more likely for 1.2213 to come before 1.2315. My data suggests we have about a 63% ...
- MnrComposite replied Jan 3, 2021
Looks like a strong open so am expecting the bounce to continue over the London session. As a result, I have established a long position around 1.22424, targeting 1.22997. Will be looking to exit if the price dips to 1.21995. Should this occur, will ...
- MnrComposite replied Jan 3, 2021
The opening will be interesting. If 1.2231 is broken before 1.21995, will be looking to establish a long position below 1.2260, targeting 1.2300 as long as 1.21995 isn't breached. Should 1.21995 be breached, I will be watching for consolidation ...
- MnrComposite replied Dec 31, 2020
1.2310 hasn't been reached yet. It was ALMOST reached but then quickly sold off. It's not likely but could see a nice little dip here. Looking for 1.2210 before 1.2310. Based on the latest data, I estimate this trade has anywhere from a 50-70% ...
- MnrComposite replied Dec 30, 2020
Thoughts on EURUSD. The long side is looking very ripe still. That move from 1.2180 to 1.2250 was great. USD is weakening across the board against all majors so there is definitely the momentum for the move to continue. Potential Entries: 1. If the ...