EURUSD Only

on h4 i used the weekly trend

all indicators on my chart are custom indicators written by me

I estimate that the price will decrease.

On daily we have support from 100 and 200 SMA and 20 SMA

But
Price is defined by the news not by the technical indicators

I didn't even look at the chart when I answered. I think NFP will be higher than 188k.
ADP is predicted to be higher: from 107k to 150k.

Chart pattern just before the news

Tale of two stories

Add the third story and you can clearly see why I am no longer interested in eurusd or forex trading

I scalped a few longs and shorts with profit today.
It's starting to get boring. Just a little bit everyday. But that's how you know you're now set to make consistent gains daily for the long term. It's supposed to be boring. Getting rich is not exciting.
It's just adding a little bit to your stash everyday.
Be content with small gains. It all adds up over time.
Especially when it's compounded gains.
Gambling and losing is exciting. That's the poor man's game.
Currently on EUR/USD, I have 1 long, TP 1.087, which is near today's high, and 6 shorts, TP 1.0823, which is slightly below the day 200 SMA.
My average combined return for each of my 11 accounts (Demo + Live) has now bypassed +200%.
This was accomplished during an average of a little over 2 months of trading per account.
Where would tripling my account every 2 months get my current $2,529 in 6 months if I don't withdraw anything at all?
Do the math.
In 6 months? $68,283.
In a year? $1.84 Million.
In 2 years? $1.34 Billion.
In 3 years? $980 Billion.
If this were logistically possible, it would make me the richest man in the world in less than 3 years unless somebody else keeps up with me.
But of course they won't let it happen.
Besides that, I will of course withdraw 30-50% of the profit along the way. And then I might be so busy doing other things I want to do and not have as much time to trade. So, most likely my average compounded trading growth per day will keep going down.
As well as my leverage being reduced once I get into the multi-millions.
It will likely take me a lifetime to get to a billion dollars just trading Forex. So I might, of course, start buying crypto, precious metals, and stocks with dividends, to improve my overall compounding growth.
But I will likely continue trading Forex until the day I die, because maybe gambling is in my blood?

Current progress so far:

11 Level 1 (demo) accounts are finished at +100% ROI.
4 Level 2 (Live) accounts are finished at +100% ROI.
7 Level 2 (Live) accounts started with $100.
4 Level 3 (Live) accounts started with $400.

Current Net Equity results from best to worst:

#1 Level 3 = $436.62 (+9.16%) (11 trading days)
#4 Level 3 = $423.30 (+5.83%) (6 trading days)
#2 Level 3 = $423.10 (+5.78%) (6 trading days)
#3 Level 3 = $419.62 (+4.91%) (6 trading days)

#6 Level 2 = $159.61 (+59.61%) (34 trading days)
#10 Level 2 = $138.98 (+38.98%) (19 trading days)
#9 Level 2 = $131.00 (+31.00%) (22 trading days)
#5 Level 2 = $126.09 (+26.09%) (35 trading days)
#7 Level 2 = $117.12 (+17.12%) (34 trading days)
#11 Level 2 = $82.01 (-17.99%) (16 trading days)
#3 Level 2 = $71.56 (-28.44%) (37 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,529.01
Profit +$629.01 (+33.11%) (16-45 trading days)

Overall equivalent results of Total (Demo + Live) accounts combined (11 Level 1 (Demo) accounts @ $200k each + Level 2 & 3 (Live) @ current % ROI)
Deposit = $1,100,000
Net Equity = $3,355,380
Profit = $2,255,380 (+205.03%) (30-70 trading days)

Average 46.18 trading days per account (11 Demo + Level 2 & 3 (Live) accounts combined)
Average +2.44% ROI per trading day (+12.81% per week, +68.62% per month) compounded.

Beautiful I am happy with your progress

Morning All,

Just finished my EURUSD 6 Mar 2024 W10 – Intraday Analysis -US ADP / Powell day 1

Always highly appreciate your feedback.


Amr Sadek
www.amrsadek.net

Where is the point of balance

What news event can disturb this balance

And how much can the price be disturbed

In trading we are trying to capture this disturbance

That is the whole concept of trading Euro USD

When we say 20 day moving average we are just trying to locate this balance

The concept of RSI is how much price was disturbed from the balance

Example

Trading becomes super easy when you understand this balance concept

Which news event today is more powerful in disturbing this balance

On a 5 minute chart see the trades you get when this balance is disturbed

I hope I have been able to explain the easiest way to tackle any currency pair

Balance disturbed and excellent trade

The simplest trading system ever

20 SMA and RSI

Remember the H4 and daily chart I posted hours before the news

That had given the direction of the news

During the news as expected the point of parents was disturbed and price went up

It was the simplest and the most easiest trade

Looking forward on weekly connect these dots

You will get the price from where to sell