EURUSD

finding a good reversal on this will be the most profitable trade ; it should come by oct / nov this year

JY 5' - I am keeping my long with SL at BE . . . . . . .

It formed something of a double bottom at 1.0860, we may see another move north soon.

Japan is a country that will intervene at any moment.

Trading is easy when you limit your pairs and learn patience in waiting for the right setups.

Target 1.0861-62 is fast approaching . Will collect my prfts and think about reversing. . . . Patience.

1.08 seems reasonable.

I hope not from there

same here. it better get there sooner than later

It happens. You will do better next time.

Prfts taken , as said. Going to bed now. Next day , another day.

Exited EURUSD at 10:42 EDT with more than a $1000 loss.
My thinking was that the short side was getting too crowded and this pair may break out above the 1.0864 level,
triggering a Friday night squeeze in the process. Friday nights are notoriously mercurial in the forex mkt.
Made very nice profits on USDCAD in the last 2 days and it appears the move higher may continue toward 1.27000.
For such a large move to occur in USDCAD in the next 2 to 5 days EURUSD must correspondingly dive even lower.
It may seem apocalyptic but at this point a meltdown toward 1.06973 in the next 2 to 5 days is not out of the question.

yah. I am highly expecting a breakout at 0860 level..though it looks like there is some resistance.

AJ started

i quit EU short because the average weekly range is reached, no use wasting time on a dead trade

using 1 day fib

VERY risky long . . . .

EU decided to close bearish this week, only a rise above yesterdays high risks a squeeze towards the 10 day ma around 0985 and 0988 high, before 1000

If, it continues the fall it risks a break of the weekly and this years low at 0806 and then, it can easily move to the next supports (I took from daily chart) 0767/0727.

Friday, with profit taking for the week a move north might happen.

entered additional short @ 1.08666

what was i thinking when i took this

LONG ....risk now is small . SL at 1.08 46