EURUSD only

Hi mate, i see from your picture that you had bought at 1.03818 which means last month price when EU move around 1.03 - 1.04 ish.
doesn't that mean you have to pay swap each day for early buy from one month ago till now?
isn't that it will drain your balance & equity each day for the swap and also including the triple swap for each wednesday?

i just say that you have a big confidence that the price will be back even in this terrible situation of EU.

Funny. "Want to help us all". Lol... Meanwhile I am on a 1000% plus profit on my account. Let's believe English isn't his first language. Trend is a million pips down, still sell it. Afterall trend is down. Hehehe... We always forget that variety is a spice of life. Humans will always find multiple ways to trade.

Thanks for pointing out on swap.
Yes, I do need to pay for overnight roll over on open positions.

I currently have 3 long positions open since 5 July 2022 at 1.0403, 1.03818 and 1.03596.
Those are the positions I accumulated when the price plunged from 1.044 to 1.030 after US Independence Day.
The rest, from 1.03265 downward were open since 11 August 2022 (last Thursday, after US CPI peak).

On swaps, I've accumulated -$2.5 on each of the three long positions since July. Let's work that out together.
Each of them are currently down by 330 pips.
So, in the event that I still need to hold them in drawdown, say for another 90 days, I expect the swap for each position to run into:
$1000*(1.75-0+0.2)/100*1.04*365/90 = $5

That brings up the discussion on interest rate differentials. I calculated using rates on 5 July, when ECB was at 0% and Fed at 1.75%.
Today, that differential is at 2.00, so that would mean from 27 July onwards, holding for 90 days would incur $5.70*3 = $17.10.
Last time I check the broker's commission was at 0.2%. It differs. I don't name any broker in public domain, so it's up to anyone to use whichever suits them.

The triple swap is just the weekend swap applied to positions settled the following week, so it's accounted for in my days calculation above.

Here's how I plan to work this out (if my longs go seriously down).
Currently I have 10 positions open, my middle point is at 1.028.
If I so desperately want to close my three longs entered since 5 July 2022, I could wait for the price to go back to that level, and knock off those longs with my already profitable trades. That would result in a breakeven.
However, on EURUSD I don't have to use that method for quite a long time now.

My tolerance on each position is -500 pips. That might sound like a huge amount, but it's okay to me.
I trade each pair as if I actually invest $1,000 in cash. It may cost only $100 on margin, but I don't look that way.
So, with 10 postions open, I'm treating as I've exchanged $10,000 in cash for whatever amount of Euros.

Best,
Cat

You have your trades well planned and that's commendable. That's exactly what I like to see. And it means everyone has a way they trade to be profitable. Your broker's swaps are quite minimal.

We are in an important area on a daily basis.

EU broke above the falling trendline - time of writing and is looking to reach 1.0100 resistance at 15 min. Probably its going to fail again. Vol is bigger - 68 pips!

H1 Decision

I wouldn't buy this with gambling money.

https://fxssi.com/tools/current-ratio

retailers now 70% long with increasing share

Then they'll likely get burned.

No fear. The price will drop. I see the game.

@BE Cheers

Looks like it but the confirmations are weak. Cheers !

CLOSED

In addition. I love the set below. mind blowing i recommend

Meanwhile, on H1...

For now, bulls are still trying to get above this low angle descending channel... Therefore: 1.0088 is key resistance!

*Normally I would try to sell 1.0088 BUT because we are at monthly support: While above 1.0082, I am a long-scalper hoping that bulls do some profitable work!

and divergence on M15....

Good morning Folks. We are now pretty close to parity again. Since there is probably no game-changing "interest rate adjustment action" planned in ECB or FED policies, there is also no reason to think EUR is gonna get stronger or USD gonna get weeker. As for the intraday today, I expect the market go sideways or continue down towards the parity. There will be lack of institutional buyers, I suspect. Anyway, I am staying on the sidelines for now. Trade safe, control your emotions!

#EU roadmap
Look, we know that the goal is to trade these white candles, but it doesn't drop directly 80 pips
from the channel 50 to 70, it can first increase to about 56 to 84 pips, and then it will fall until the bottom
then we see 1-1 and then it will rise again.
And then let's go under one after the above time, get confirmation, for example, 4 hours in the overlap of rsi and enter in two stages, there is no stress and you will make a good profit whether you buy floor or sell in pullback.

Meanwhile, on M30...

These are my basic levels for the next 2 hours or so...

Short-term speaking: Above 1.0082, bulls have a little more hope!