Price Actions- EurUsd

Quoting oblong

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{quote} So take USDSGD today. I went short as it was just after London opened and hit the planned target for entry (purple line). You went short on the second spike up at the second red arrow. What did you see that said it was going higher to that level for entry, why didnt you take the trade on London open? {image}

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Quoting abajiga

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{quote} I knew it will be a 3PM trade for best entry as it didn't take yesterday's low. So by allowing it to run, I knew it will create highs. My best price will be close to the day's highest price for an entry. It did give us, so I made the entry. For some reason this pair is quite slow and creates small fluctuations through out the day. Also volatility is low. I suppose it's not a major pair and it lacks that volatility to move price faster. Let's hope at some point it will get that volatility and take us out with a profit

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Quoting oblong

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{quote} "I knew it will be a 3PM trade for best entry as it didn't take yesterday's low." Is this because it didnt take out the low in Asia session (grey box) or inbetween Asia close and/or London open this morning? {image}

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Quoting abajiga

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{quote} The lowest of yesterday and it didn't continue further down. So the trade set up is turned around. It is still a sell signal, but you will have to sell from the highest price of the day and take your profit around lowest mid day price.

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Quoting oblong

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{quote} So if the Asia low (grey box) early this morning had taken out yesterdays 9am low (left blue circle), then you would of entered when I did on the London open?

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Quoting abajiga

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{quote} if i was to enter in the morning then it would have been at Asian highest price. As the the market reverses at London open, then I would come out wait for PM highest prices.

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Quoting abajiga

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{quote} it is those kind of decisions you will have to make as you trade during the day all along

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Quoting oblong

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{quote} Ah sorry mate I still dont undertand, Im more confused than a Theresa May. Im not understanding where it would have needed to take out yesterdays low to be a valid sell on London open. Had it done the below during Asia would of it then of been valid sell on London open? {image}

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Quoting abajiga

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{quote} let me simplify...normally we recognise the signal in advance. if its a sell, try to get the highest possible you think you can get before you enter the sell. Now this depends on how the market performed during the previous day. if you see the prices are too low, wait for a pull back. if you think it did pull enough, then enter at Asian open, but if you think the market hardly pulled back, then leave it till 3PM

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Quoting oblong

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Really finding it hard to find anything across the Pairs (think my brain is scrambled, read the last 2 pages of this forum 5 times ) Only found these so far: LONGS: ============= CADJPY = LONG EURCAD = LONG EURJPY = LONG {image} {image} {image}

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Quoting oblong

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Yeah I closed the USDSGD and GBPNZD trade soon as I woke up. I was back testing last night and scoring myself, I see what you mean by the time things change around 11am to 1pm, also around US open for an hour. Ill pay close attention to this going forward. Okay so we have the following for today: AUDJPY = Long - monitor until NY open EURGBP = Sell - monitor until NY open GBPNZD = Long - Look to enter in London Open, out by around midday. I will follow all of these, based on what you told me last night.

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Quoting abajiga

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Here is a potential buy trade. We will have to wait for the conditions to occur as shown on the chart. Once we get the confirmation, we can then try to enter at the solid line shown by the arrow for a buy position {image}

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Quoting abajiga

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{quote} EurGbp is holding well for short {image}

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