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Trading EURUSD only 43,756 replies

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LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

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EURUSD Only

  • #2,881
  • Feb 15, 2024 5:10am Feb 15, 2024 5:10am
Quoting PatienceFx
{quote}{image}
Sell
  • #2,882
  • Feb 15, 2024 9:27am Feb 15, 2024 9:27am
The way to proceed was wrong. I had to put SL and let the buy transaction finish its run up. The data was mixed, but probably those from the first series regarding retail sales and core retail sales determined the direction of the price. Unemployment Claims didn't even matter anymore.
  • #2,883
  • Feb 15, 2024 12:07pm Feb 15, 2024 12:07pm
Quoting 7154Superman
I suggest today's high in this range of 1.0735, then we could see a spinning top on EUR/USD daily chart tomorrow, peaking at around 1.077, then close the week around 1.06 - 1.065. After that, more consolidation between 1.06 and 1.08 would make sense for a few more weeks before further downside.
Could it be that EUR/USD will drop to 1.06 - 1.065 tomorrow without looking back, then down to 1.03-1.04 next week or three??
A spinning top isn't looking likely today after all. But if tomorrow's red news is positive for USD, then we might have ourselves a bearish trend for the next few weeks.
You cannot fail if you never give up.
  • #2,884
  • Feb 15, 2024 2:18pm Feb 15, 2024 2:18pm
And I think that the price will go down after tomorrow's news. Later it will exert upward pressure because the trend on D1 has already changed. And until next Thursday, there is little news about usd in the calendar.
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  • #2,885
  • Feb 15, 2024 2:19pm Feb 15, 2024 2:19pm
Quoting 7154Superman
{quote} Could it be that EUR/USD will drop to 1.06 - 1.065 tomorrow without looking back, then down to 1.03-1.04 next week or three?? A spinning top isn't looking likely today after all. But if tomorrow's red news is positive for USD, then we might have ourselves a bearish trend for the next few weeks.
Today's EUR/USD close is much higher than expected, but I expect bullish momentum to be completely exhausted for this quarter, and price to drop like a stone from here without any meaningful retrace, and red news tomorrow to break out down to 1.065 area, then possibly on down to 1.03 area within a month or two.
But I could be terribly wrong.
You cannot fail if you never give up.
  • #2,886
  • Feb 15, 2024 2:23pm Feb 15, 2024 2:23pm
Quoting Gelubrin
And I think that the price will go down after tomorrow's news. Later it will exert upward pressure because the trend on D1 has already changed. And until next Thursday, there is little news about usd in the calendar. {image} {image}
I think today could be a bull fake out. If this week closes around 1.065 - 1.06 area, it could cause the momentum to shift to the downside during "no news" sessions.
Just a steady landslide to the bottom, and then some.
You cannot fail if you never give up.
  • #2,887
  • Feb 15, 2024 6:32pm Feb 15, 2024 6:32pm
Quoting 7154Superman
{quote} So, today was kind of a non-descript trading day for me. I was driving this morning, then was too tired to focus much on trading. I did manage to scalp a few along the way. Currently, I have 2 long and 4 short positions on EUR/USD. For tomorrow, I expect volatility both ways. But I have taxi driving to do all day, so I might not be able to take good advantage of price action. All 11 demo accounts are finished at +100% ROI. All live accounts started with $100. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%) (21 trading...
So, today was another typical news day. However, I wasn't situated in the right direction to take the most advantage of it while I was driving taxi.
I had 2 long positions set to switch to shorts with limit orders, then a few more short limit orders higher up in case price goes higher than expected, which it did, but then price didn't retrace as expected. Now, I did manage to scalp a few longs and shorts during a few short taxi stops later during the day.
Despite the scalps, I still ended up with a small net equity loss for today because of so many shorts left hanging in drawdown. Hopefully tomorrow will be a better day.
At this point, I have 7 short positions on EUR/USD.
I still expect price to continue dropping, then break down into the low/mid 1.06 range tomorrow after red news.
But I could be wrong.
As always, risk management is key. Good luck!

All 11 demo accounts are finished at +100% ROI.
All live accounts started with $100.
Current Net Equity results from best to worst:

#1 Live $181.36 (+81.36%) (32 trading days)
#8 Live $174.27 (+74.27%) (13 trading days)
#4 Live $173.14 (+73.14%) (22 trading days)
#2 Live $166.95 (+66.95%) (26 trading days)
#7 Live $166.76 (+66.76%) (21 trading days)
#6 Live $143.94 (+43.94%) (21 trading days)
#10 Live $131.16 (+31.16%) (6 trading days)
#9 Live $116.84 (+16.84%) (9 trading days)
#5 Live $98.68 (-1.32%) (22 trading days)
#3 Live $95.38 (-4.62%) (24 trading days)
#11 Live $82.59 (-17.41%) (3 trading days)


Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,531.07
Profit +$431.07 (+39.19%) (3-32 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,062,140
Profit = $1,962,140 (+178.38%) (17-57 trading days)

Average 33.18 trading days per account (11 Demo + Live accounts combined)
Average +3.13% ROI per trading day (+16.66% per week) compounded.
You cannot fail if you never give up.
  • #2,888
  • Feb 15, 2024 7:35pm Feb 15, 2024 7:35pm
On h1 & h4 I will prefer to wait for Sir RSI & Sir 20 SMA to guide
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  • #2,889
  • Feb 15, 2024 8:33pm Feb 15, 2024 8:33pm
On m15
White line is week open
Sir 100 & Sir 200 SMA will guide
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  • #2,890
  • Feb 15, 2024 8:46pm Feb 15, 2024 8:46pm
Why did I post eurusd & us500 charts

What is the USD connection between them
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  • #2,891
  • Feb 15, 2024 8:50pm Feb 15, 2024 8:50pm
Quoting PatienceFx
Why did I post eurusd & us500 charts What is the USD connection between them {image} {image}
I don't need to predict eurusd

Us500 will do the job for me because that is BIG money

Keep both charts side by side
  • #2,892
  • Feb 15, 2024 9:17pm Feb 15, 2024 9:17pm
With inflation numbers like this I doubt if the PPI and the consumer sentiment will be USD positive

Expect Euro USD to go up
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  • #2,893
  • Feb 16, 2024 4:06am Feb 16, 2024 4:06am
1.0790 lets see
  • #2,894
  • Feb 16, 2024 10:28pm Feb 16, 2024 10:28pm
Data this week
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  • #2,895
  • Feb 17, 2024 5:37am Feb 17, 2024 5:37am
Quoting PatienceFx
Data this week {image}
The eurusd D1 trend is upward starting from February 13.
  • #2,896
  • Feb 17, 2024 6:32am Feb 17, 2024 6:32am
Quoting 7154Superman
{quote} So, today was another typical news day. However, I wasn't situated in the right direction to take the most advantage of it while I was driving taxi. I had 2 long positions set to switch to shorts with limit orders, then a few more short limit orders higher up in case price goes higher than expected, which it did, but then price didn't retrace as expected. Now, I did manage to scalp a few longs and shorts during a few short taxi stops later during the day. Despite the scalps, I still ended up with a small net equity loss for today because...
Another interesting trading day with red news volatility on Friday. I didn't have much opportunity to focus on trading at first during news volatility, but I managed to scalp both ways towards the end and make a decent profit for the day. I closed all positions for the weekend, regardless of drawdown.
So, my prediction for EUR/USD to break out below 1.07 down to 1.06 - 1.065 turned out not coming to pass this week. But, on the contrary, bullish price action seemed to prevail towards the end.
So, maybe next week, we might see EUR/USD rising again, at least to high 1.08s, maybe even up to 1.10.
If that appears to be on the cards during the beginning of next week, then I'm expecting to prioritize long positions for now until bears seem to prevail again.
I now have 4 live accounts above +80% ROI, so reaching level 3 could happen any day now. We still have 9 more trading days in February to reach that +100% goal by the end of the month.
The goal is to upgrade to a new level every month.
But it's ok if it doesn't happen.
It's just more motivating to try harder when you have a goal.

Level 1 = Demo $100k to $200k
Deposit $100
Level 2 = Live $100 to $200
Deposit $200
Level 3 = Live $400 - $800
If funds are not available to deposit $200 to start Level 3, then I will trade Level 2.5 = Live $200 to $400.

I should have my trade explorer updated sometime this weekend.

All 11 demo accounts are finished at +100% ROI.
All live accounts started with $100.
Current Net Equity results from best to worst:

#2 Live $188.08 (+88.08%) (27 trading days)
#8 Live $182.66 (+82.66%) (14 trading days)
#1 Live $181.36 (+81.36%) (33 trading days)
#4 Live $181.20 (+81.20%) (23 trading days)
#7 Live $158.87 (+58.87%) (22 trading days)
#6 Live $157.09 (+57.09%) (22 trading days)
#10 Live $151.24 (+51.24%) (7 trading days)
#9 Live $115.79 (+15.79%) (10 trading days)
#5 Live $96.69 (-3.31%) (23 trading days)
#3 Live $94.62 (-5.38%) (25 trading days)
#11 Live $81.35 (-18.65%) (4 trading days)


Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,588.96
Profit +$488.96 (+44.45%) (4-33 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,177,920
Profit = $2,077,920 (+188.90%) (18-58 trading days)

Average 34.18 trading days per account (11 Demo + Live accounts combined)
Average +3.15% ROI per trading day (+16.77% per week & +95.85% per month) compounded.
Average 21.67 trading days per month for this year.
(260 trading days this year ÷ 12 months = 21.67)
You cannot fail if you never give up.
  • #2,897
  • Feb 17, 2024 4:53pm Feb 17, 2024 4:53pm
Quoting 7154Superman
{quote} Another interesting trading day with red news volatility on Friday. I didn't have much opportunity to focus on trading at first during news volatility, but I managed to scalp both ways towards the end and make a decent profit for the day. I closed all positions for the weekend, regardless of drawdown. So, my prediction for EUR/USD to break out below 1.07 down to 1.06 - 1.065 turned out not coming to pass this week. But, on the contrary, bullish price action seemed to prevail towards the end. So, maybe next week, we might see EUR/USD rising...
Ok, my Trade Explorer update is done.
You cannot fail if you never give up.
  • #2,898
  • Edited 6:34pm Feb 17, 2024 6:20pm | Edited 6:34pm
Quoting 7154Superman
{quote} So, my prediction for EUR/USD to break out below 1.07 down to 1.06 - 1.065 turned out not coming to pass this week. But, on the contrary, bullish price action seemed to prevail towards the end. So, maybe next week, we might see EUR/USD rising again, at least to high 1.08s, maybe even up to 1.10. If that appears to be on the cards during the beginning of next week, then I'm expecting to prioritize long positions for now until bears seem to prevail again.
Next week, we only have one trading day with major high impact news for EUR/USD and GBP/USD, which is Thursday.
And the data expectation is bullish for EUR and GBP, and bearish for USD.
So, I expect bullish action on both EUR/USD and GBP/USD next week until Thursday BEFORE the high impact news.
Sure, we could see some more dips, too, to this week's low area, or simply boring ranging action until the end of Wednesday, then a break out up as a response to red news data expectation being priced in before the news volatility hits. If you pay attention, that happens a lot. Not all the time, but the majority of times, price will be leaning towards pricing in the news data expectation like anywhere from a few hours to a few days before the news release is scheduled.
But I'm leaning more towards aggressive bullish rallies without a significant retrace until Thursday.
Target for EUR/USD for next week = 1.10.
You cannot fail if you never give up.
  • #2,899
  • Feb 18, 2024 4:44pm Feb 18, 2024 4:44pm
Closed long, starting short EUR/USD at 1.0788. TP 1.0768 = 20 pips
You cannot fail if you never give up.
  • #2,900
  • Feb 18, 2024 8:03pm Feb 18, 2024 8:03pm
On daily chart using MacD

Us 500 price and macd has the biggest divergence, this means US dollar may strengthen sending Euro USD down
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