Forbextrading - Spot Forex Strategy

Entry by the rules of FORBEXTRADING - Spot Forex Strategy.

1) Once the price got at Pivot: Fibo High + 38.2%, supply area as well, I had to secure the trade by moving the SL to BE and to partial close (New York end of the day soon 5:00 pm EST (EDT)).

2) 11.30 GMT+2, 30 minutes before the market to close, I decided to close the entire trade. The reason is obviousness... If the trade is still running by Monday at market ope we may have a surprise... when it comes to trading you have to be aware: Anything can happen as you already know.

I have heard and read that before.

Entry by the rules of FORBEXTRADING - Spot Forex Strategy.

1) Price gets at 1st supply area (Fibo High - 38.2%) - TP1 and SL to BE

2) Price gets in 2nd supply area - TP2 and SL moved near Fibo High - 38.2%. Obs: Unfortunately it seems that I have moved the SL to closed and position has been close but of course no complain... everything by the rules and profit...

What is arrow indicator? Looks interesting my friend.

Today 09.08.2017 the EUR/USD is trading slightly lower shortly before the U.S. opening. The market is trading inside a wide range which indicates investor indecision and impending volatility.

Also, as we can see, right after opening my sell order the market got choppier for more then an hour. Traders are trying to figure out if the Euro is a lower yielding asset or a higher-yielding asset.

Investors may dump higher yielding assets if the situation between the United States and North Korea escalates, so until they sort out their identity, the market may sit in a range. Holding the EUR/USD in a range allows traders to sort through the information before making their move.

However, from my point of view based on the current price, the direction of the EUR/USD is going to be determined by traders reaction to yesterdays low, respective at S1:1.17033 level. Also the outcome of the Prelim Unit Labor Costs q/q and the Prelim Non Farm Productivity q/q got negative.

So, I partially closed my trade in yesterday demand area and secured my sell order closing it immediately as it got to S1, opening a buy order as well at 1.16900
Crud Oil Inventories are on the way so lets see ...

And here we are with a opened trade and still floating. All set and done, but with a negative outcome for the fundamental aspect for USD today we can can not look for any selling opportunity right now. Lets see and wait by tomorrow for the number of individuals who filed for unemployment insurance for the first time during the past week; we may expect for worst... so I will just partial close right now!

Not so sexy but this is how it happened today 10.08.2017