EURUSD

than go short now

No, not doing any as was not in my expectation, so better stay away. I was on eu bull in great reversal while gu in great tanking for many years But everything have changed and better wait for eu again, at times will try carefully. No short so easily. But anybody can do though! Wish no war extension or any lingering!

Just thought I’d share a little something I did tonight. It’s on USDJPY, so you’ll forgive me for posting in the wrong thread. This is just something to illustrate what smart money/institutional trading is all about, for those who might’ve heard of it and are intrigued. Basically supply/demand trading. I know I should put this in a trading journal, I’ll start one eventually. In the meantime humor me.

I did four trades, targeting anywhere from 1:8 to 1:12.8. Took partial profits along the way and ended up with roughly a 1:12.2 RR (a little less than that because of commissions).

I’ve added a screenshot of the chart, but I’ll narrate anyway. These were all done on the 1m timeframe. All had 1 pip SL and primarily targeting 115.558, with the 50% partial target at 115.516. Both marked by horizontal black lines.

Trade 1 targeting 1:12.8 - got over anxious and bought early before it even entered the demand zone. Was looking at an old friend (hidden divergence) for assistance but pressed buy a bit too soon. Got stopped out for a -1. I was *thinking* of widening the SL to 1.5 during the short trade, but didn’t. Should have, but oh well. -1 for that.

Trade 2 targeting 1:11.5 - buy limit at the demand zone. It triggered and price began climbing and hit the first target so I took half the position off for 1:3.65, and moved SL to BE. Identified a new demand zone and put in another buy limit for the next trade.

Trade 3 targeting 1:8.4 - buy limit hit and price exploded up to hit the partial target and I quickly took half off for 1:2.1. SL to BE, and marked the next demand zone which was a bit too close for comfort. Price started dropping rather bearishly, which worried me.

Trade 4 targeting 1:8 - limit buy was set at 50% of this demand zone, and as it triggered this one it fell aggressively and stopped out the remaining half position of trade 3 for a zero dollar loss. Noting the impending change of structure, I didn’t fully trust the next up move, so I decided to close the entire trade 4 position in full at the partial target, for an RR of 1:3.8. Also closed out the remaining half position of trade 2, securing another approximate 1:3.65, similar to the first half of that trade.

So total RR was: -1+3.65+3.65+2.1+0+3.8 for a total of 12.2. Note that the first gaffe notwithstanding, I continued to check in with hidden divergence to confirm the demand zones. I used to beat up hidden divergence but it’s actually quite useful. As long as you use it for confirmation, not just take the entry when price hits the MA.

Total time for these trades was about an hour and a half. Marking this shit up (and typing up this post) on the iPad was such a chore.

Now you could dismiss this and say that all I was doing was buying dips, which is partially true, but with smart money you learn how to refine your entries to the nth degree, thereby maximizing your potential RR. RR is what I care about the most.

Anyway, I hope this was informative and if anyone has any questions then feel free to reach out to me, or just post here. Cheers.

i was mean-you go short if you sure..

1017/1000 zone mentioned yesterday is saving EU from a drop lower - around 1.0970/50. NFP should keep it in a range, but nothing is promising for this pair as war in Ukraine can create news that could break it around 1.0800.

Resistance is at 1.1051/68 and it should stay intact if, it wants to move lower.

Hi everyone,


I am new here and looking for some advice,

Is there a good suggestion for a platform I can make algorithms without code?
I've been to a few so far and they have been really disappointing.

any suggestion other than, learn to code. Would be much appreciated.

Thanks heaps

Watching 1.100 breaks, limit up 1.1010 and may to ready try bounce if below!
1010 broken up, good but still may make any complex go down below 1023/51 as signal for bounce now. .
Long taken arounds and below 1.100 to test!

Mitiblotch is doing a challenge - £100 to 50k in 7 months. Is anyone else doing anything similar?

Probable pa now, bottoming apparently

You can find any other hopefuls on the Trading Journals forum page. However, it's better to test systems and build a track record of profitability than try to turn $100 into $10k in a couple of months. If you are consistently in profit for at least half a year, you can try to pass the challenge for a funded trader programme later on.

Pray for me. Lol...

Good luck mate!! I'll check out your thread

I find EU behavior for the past week really weird...

It seems to not wanting to give up to bears but on the same time its slowly adding on velocity downwards... Not something we can usually see within this pair.

Wow great analysis mate, the s&d areas on the chart looks perfectly accurate

To be honest i am not a big fan of s&d, i just try to predict the trend based on macroeconomics and i try to time my trades with news events but i can't deny how reliable those areas look on your chart.

Can you share how can we apply s&d to higher timeframes like h1, h4, d1?

And how do you know which areas to pick? Thanks in advance

It's just risk sentiment buddy.

By this, do you mean that ppl buying USD for safe haven or did you mean something else ?

Yes exactly. Safe havens are in demand because of the war right now.

Ok, this was first thing i considered too, but check out other safe haven currencies, for example JPY, it is usually in higher demand safe haven currency, but it doesnt behave that way, also other USD pair doesnt do the same too. I am starting to think, its more connected to the sanctions than the war itself, as they work both ways and EU made the biggest sanctions so far.