EURUSD

DOW ---H. ----------- Approaching the 40.000 mark.....

It s a SELLLLLLLLLL...........................@@@!!!@@@

S+P 500 ---H. --- It s a sell. Soon.

DAX 30 ---H. -

GOLD H. ---

Today's Support & Resistance on MT5 Template

EURO

https://www.forexfactory.com/thread/...2#post14804542

down move EURUSD has reach target ........ time for BULLs to find balance level

Has the market got a reason to bring EURUSD back to the parity level, if so then the nearest target is 1.0500

buy Bulls with 1 T USD in one shoot ...... now .... market player is retail market (tier 2) .......... so much bulls troop be bears

FORGET RULES ..... FIGHT ....

Hi All,

This is my EURUSD 22 Mar 2024 W12 – Intraday Analysis – US Powell Speaks (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

Hi All,

This is my EURUSD 25-29 Mar 2024 W13 Weekly Analysis

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

EURUSD price action on the H4 time frame turned sideways on Friday after a bearish drive to the 1.08060 intra-day horizontal support. The dominant technical structure is bearish; therefore, any intra-day northward drive would be for liquidity grab at an area of value and would give way to a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Hi All,

This is my EURUSD 25 Mar 2024 W13 – Intraday Analysis – US New Home Sales (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

This is what I see on my screen




And a version with more bars in (same settings)




We are going down and target is in the abyss - does not even show on the chart ....

Hi All,

This is my EURUSD 26 Mar 2024 W13 – Intraday Analysis – US Durable Goods (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

Finally!!!
New all time high account balance / net equity achieved today.
My system finally worked as originally designed because I stuck to it like I was supposed to.
Apparently, my biggest issue in the past has been not fully sticking to the system I was working with, any system.
During the 140 pip EUR/USD dump last week, I kept adding to my underwater long positions on the way down, per my system, with no less than 10 pips apart, each additional position larger than the last.
I ended up with 9 long positions. Then, at the bottom of 1.0802, my average of +10 pips TP for longs was only 54 pips away at 1.0856. We ended up getting 62 pips retrace back up to 1.0864, so plenty of room to spare.
During the dump, I also opened 1 short position at a time with 10 pips TP. It would had obviously worked better just adding to the winning short positions and riding it all the way down, but the thing is, you never know when it's going to bounce. So, I had better peace of mind to just set a 10 pip TP, then keep opening another one, etc.
When it did bounce off of 1.0802, that short position went into drawdown, so I started adding more shorts to it, with no less than 10 pips apart. At the top of today's bullish action at 1.0864, my average of +10 pips TP for shorts was only 36 pips away at 1.0828, which did also get hit today.
So, a beautiful payday for me today!
However, because of so much drawdown, and averaging out with larger positions, the smallest positions (especially demo accounts) ended up taking losses.
But that's all part of the plan. This way, the largest positions are exposed to the least risk of loss, and end up taking the largest piece of the cake. They are the ones that I expect to keep upgrading to higher levels over time.
Currently, I have 1 short and 2 long positions in place, ready for the next cycle, large or small.
I can't say if this system would work as well with other Forex pairs.
It usually works pretty good for EUR/USD because of its tendency to consolidate and go sideways a lot and balance itself out after every breakout.
Completing level 3 of my system doesn't seem likely for the month of March anymore, so I'm moving that goal to the end of April. Maybe the goal should be more like achieving 1 new level every 2 months, which would be good enough.

Current progress so far:

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

Current Net Equity results from best to worst:

Level 3 Live $400 to $800:
#2 Level 3 = $505.03 (+26.26%) (21 trading days)
#1 Level 3 = $502.26 (+25.57%) (25 trading days)
#4 Level 3 = $465.98 (+16.50%) (21 trading days)
#3 Level 3 = $439.62 (+9.91%) (21 trading days)

Level 2 Live $100 to $200:
#10 Level 2 = $160.70 (+60.70%) (34 trading days)
#5 Level 2 = $147.42 (+47.42%) (50 trading days)
#7 Level 2 = $124.15 (+24.15%) (49 trading days)
#9 Level 2 = $122.91 (+22.91%) (37 trading days)
#6 Level 2 = $87.95 (-12.05%) (49 trading days)
#3 Level 2 = $83.28 (-16.72%) (52 trading days)
#11 Level 2 = $60.20 (-39.80%) (31 trading days)

Combined results for live accounts:
Deposit = $1,900.00
Net Equity = $2,699.50
Profit +$799.50 (+42.08%)
(31-60 trading days)

Level 1 Demo $100k to $200k:
#14 Level 1 = $138,608 (+38.61%) (13 trading days)
#12 Level 1 = $116,368 (+16.37%) (15 trading days)
#13 Level 1 = $101,087 (+1.09%) (14 trading days)
#16 Level 1 = $85,375 (-14.63%) (13 trading days)
#15 Level 1 = $53,396 (-46.60%) (13 trading days)

Combined results for demo accounts:
Deposit = $500,000
Net Equity = $494,834
Profit -$5,166 (-1.03%) (13-15 trading days)

Overall equivalent results of 16 Total (Demo + Live) accounts combined:
Deposit = $1,600,000
Net Equity = $3,980,944
Profit = $2,380,944 (+148.81%)
(13-85 trading days)

Average 46.3125 trading days per account (16 Demo + Live accounts combined):
Average +1.99% ROI per trading day (+10.35% per week, +53.27% per month) compounded.

My Trade Explorer is now fully updated with 8 of my best performing accounts.

This is how it is going !!!

Hi All,

This is my EURUSD 27 Mar 2024 W13 – Intraday Analysis (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net