EURUSD only

sl moved 1.703 - mean: the risk has been cut in half

Daily perspective 1.1682 is my line in the sand today. Flipping bias at the level so I don't get caught on the wrong side. Above below

M15: Today I will start by watching 1.1690 resistance... As long as candles open below it, bears have the power...

But action is so absent that trading is no fun right now... Waiting on sidelines for London opening..

Happy Friday dear traders

i have a complete newbie question: what is considered to be "london open"? would that be the time at which banks open up in london? 8am london time? if so, we are seven minutes away from that now..

In the trading world, the "London Open" refers specifically to 08:00 AM GMT/BST. While "banks opening" is a good way to visualize it, for a trader, it’s specifically about the London Stock Exchange (LSE) kicking off and the massive surge in liquidity that follows.

The "Power Hour" of Liquidity. London is the world’s largest hub for foreign exchange (Forex). When 8:00 AM hits, the volume doesn't just trickle in; it explodes. This is because: Institutional orders that accumulated overnight are suddenly hit. European markets (like Frankfurt) have already been open for an hour (since 7:00 AM London time), but London brings the "big money"
Traders often look for the "London Open Breakout," as the first 30–60 minutes often set the trend for the entire morning.

Tier 1 Banks

1. HSBC: A British titan with massive influence over GBP pairs.
2. Barclays: A major player in algorithmic trading and dark pools.
3. JPMorgan Chase: Their London office is the "command center" for European operations.
4. Deutsche Bank: Even though it’s German, the bulk of its FX (Forex) volume is routed through London.

thank you for the london open explanation.

my takeprofit has been lowered to 1655.

trade remains open.

M5 100SMA fight

Last Friday of the month.
Previous weekly low 1.1668 (20 pips away)
Looking at the H1, I see price staying under the 200MA, chop until early next week, then presumably more selling.
Sun is shining, wind is blowing, I'm going out to play, enjoy!

Price goes above M15 100SMA and M15 20SMA Riding these longs and trailing my stop along the M15 20-SMA. Let 'em run

M15: From here on forwards I buy dips as long as candles open above 1.1686

Good morning, hope you're great. I've just set 1.1697 as resistance, and 1.1666 as support. For today.

We move slowly

Look like it will start to move lower .

EU is showing weakness in its 4h chart: the slope is getting smaller first, then flat and now negative and in its 15m TF we see the price keeps rejecting from the 1.1695 zone. I guess this situation makes a good opportunity to short.

Holding a SHORT

goog fight at HH zone of Asia session

the 1.16691 spike is going to end up being a noticeable low on the daily, do not go short. go long and hold. trust me lol

It will happen.

Will be holding my shorts for a long time. The daily time frime shifted to bearish when the bullish structure was broken on March 13th. We have retraced and are now beginning tbe 2nd leg of the new daily bearish structure in my opinion.