Only EURUSD

post-close snapshot:

Mode: trading enabled
Ask: 1.162390
Bid: 1.162200
balance: 57586.3900
profit: 0.0000
equity: 57586.3900
used margin: 0.0000
free margin: 57586.3900
lots: 0.0000
$$/PIP: 0.0000
expected profit: $0.0000
expected balance: $57586.3900
open average: 1.162295
takeprofit: 1.162520
total pips: 2.2500
pos: -1.300
tc.delay: 0
type: buy

**NO TRADES**

as long as we under @1.33628 , bias is bearish

Wrong thread! This is the: Only EURUSD thread

it looks like it closed a couple of small trades while i was in the bath..

current small position:

Mode: trading disabled
Ask: 1.162890
Bid: 1.162730
balance: 57651.6400
profit: 95.5000
equity: 57747.1400
used margin: 4653.4300
free margin: 53093.7100
lots: 2.0000
$$/PIP: 20.0000
expected profit: $209.5000
expected balance: $57861.1400
open average: 1.163358
takeprofit: 1.162310
total pips: 10.4750
pos: 4.200
tc.delay: 0
ordertype: sell

SYMBOL, LOTS, OPEN, CLOSE, PROFIT
EURUSD, 0.2500, 1.163200, 1.162880, 8.0000
EURUSD, 0.2500, 1.163280, 1.162880, 10.0000
EURUSD, 0.2500, 1.163250, 1.162880, 9.2500
EURUSD, 0.2500, 1.163340, 1.162880, 11.5000
EURUSD, 0.2500, 1.163300, 1.162880, 10.5000
EURUSD, 0.2500, 1.163450, 1.162880, 14.2500
EURUSD, 0.2500, 1.163480, 1.162880, 15.0000
EURUSD, 0.2500, 1.163560, 1.162880, 17.0000

post-close snapshot:

Mode: trading enabled
Ask: 1.162580
Bid: 1.162440
balance: 57811.1400
profit: 0.0000
equity: 57811.1400
used margin: 0.0000
free margin: 57811.1400
lots: 0.0000
$$/PIP: 0.0000
expected profit: $0.0000
expected balance: $57811.1400
open average: 1.162510
takeprofit: 1.162540
total pips: 0.3000
pos: 0.400
tc.delay: 0
type: buy

**NO TRADES**

Inserted Video

rinse and repeat:

Mode: trading enabled
Ask: 1.162420
Bid: 1.162270
balance: 57811.1400
profit: -12.2500
equity: 57798.8900
used margin: 2324.5950
free margin: 55474.2950
lots: 1.0000
$$/PIP: 10.0000
expected profit: $74.7500
expected balance: $57885.8900
open average: 1.162297
takeprofit: 1.161550
total pips: 7.4750
pos: 7.200
tc.delay: 0
ordertype: sell

SYMBOL, LOTS, OPEN, CLOSE, PROFIT
EURUSD, 0.2500, 1.162330, 1.162420, -2.2500
EURUSD, 0.2500, 1.162270, 1.162420, -3.7500
EURUSD, 0.2500, 1.162270, 1.162420, -3.7500
EURUSD, 0.2500, 1.162320, 1.162420, -2.5000

Trimming some winners since we broke the 61.8, around 1.1657. With the options roll today, I expect more downside due to fundamentals favoring USD in Interest rates. I have to roll off some longs hedges also as position size have been too large since the metals market meltdown in January. Looking to hold more cash and be ready to ponce.

Sell in May. Some, but not all. Holding a downside focus in EURUSD forex, just reducing risk. Getting accounts ready for the sideways churn in the summer after the movers close up shop and head for the beaches.

Surfs up! Time to catch the gnarly forex waves of summer into September. Cowabunga!

Happy Trades to you,
NB

I have a key resistance zone at 1.16500-620 that i have my eyes on ... there are still chances for the bulls to kick in and resume the bull trend .... but if the resistace hold than we will be in a confirmed bear trend

cuz talk is cheap..

Mode: trading enabled
Ask: 1.163140
Bid: 1.163000
balance: 57811.1400
profit: -140.0000
equity: 57671.1400
used margin: 6394.6900
free margin: 51276.4500
lots: 2.7500
$$/PIP: 27.5000
expected profit: $308.2500
expected balance: $58119.3900
open average: 1.162671
takeprofit: 1.161550
total pips: 11.2091
pos: 14.500
tc.delay: 0
ordertype: sell

SYMBOL, LOTS, OPEN, CLOSE, PROFIT
EURUSD, 0.2500, 1.162330, 1.163180, -21.2500
EURUSD, 0.2500, 1.162270, 1.163180, -22.7500
EURUSD, 0.2500, 1.162270, 1.163180, -22.7500
EURUSD, 0.2500, 1.162320, 1.163180, -21.5000
EURUSD, 0.2500, 1.162690, 1.163180, -12.2500
EURUSD, 0.2500, 1.162840, 1.163180, -8.5000
EURUSD, 0.2500, 1.162850, 1.163180, -8.2500
EURUSD, 0.2500, 1.162800, 1.163180, -9.5000
EURUSD, 0.2500, 1.162990, 1.163180, -4.7500
EURUSD, 0.2500, 1.163020, 1.163180, -4.0000
EURUSD, 0.2500, 1.163000, 1.163180, -4.5000

pre-close:

Mode: trading disabled
Ask: 1.162190
Bid: 1.162020
balance: 57811.1400
profit: 208.0000
equity: 58019.1400
used margin: 8139.4900
free margin: 49879.6500
lots: 3.5000
$$/PIP: 35.0000
expected profit: $183.5000
expected balance: $57994.6400
open average: 1.162784
takeprofit: 1.162260
total pips: 5.2429
pos: -2.400
tc.delay: 0
ordertype: sell

SYMBOL, LOTS, OPEN, CLOSE, PROFIT
EURUSD, 0.2500, 1.162330, 1.162190, 3.5000
EURUSD, 0.2500, 1.162270, 1.162190, 2.0000
EURUSD, 0.2500, 1.162270, 1.162190, 2.0000
EURUSD, 0.2500, 1.162320, 1.162190, 3.2500
EURUSD, 0.2500, 1.162690, 1.162190, 12.5000
EURUSD, 0.2500, 1.162840, 1.162190, 16.2500
EURUSD, 0.2500, 1.162850, 1.162190, 16.5000
EURUSD, 0.2500, 1.162800, 1.162190, 15.2500
EURUSD, 0.2500, 1.162990, 1.162190, 20.0000
EURUSD, 0.2500, 1.163020, 1.162190, 20.7500
EURUSD, 0.2500, 1.163000, 1.162190, 20.2500
EURUSD, 0.2500, 1.163140, 1.162190, 23.7500
EURUSD, 0.2500, 1.163130, 1.162190, 23.5000
EURUSD, 0.2500, 1.163330, 1.162190, 28.5000

post-close:

Mode: trading enabled
Ask: 1.162360
Bid: 1.162200
balance: 57991.8900
profit: 0.0000
equity: 57991.8900
used margin: 0.0000
free margin: 57991.8900
lots: 0.0000
$$/PIP: 0.0000
expected profit: $0.0000
expected balance: $57991.8900
open average: 1.162280
takeprofit: 1.162230
total pips: 0.5000
pos: -0.300
tc.delay: 0
ordertype: sell

**NO TRADES**

new position:

Mode: trading enabled
Ask: 1.161820
Bid: 1.161660
balance: 57991.8900
profit: -8.2500
equity: 57983.6400
used margin: 1161.8250
free margin: 56821.8150
lots: 0.5000
$$/PIP: 5.0000
expected profit: $31.7500
expected balance: $58023.6400
open average: 1.161825
takeprofit: 1.162460
total pips: 6.3500
pos: -6.400
tc.delay: 0
type: buy

SYMBOL, LOTS, OPEN, CLOSE, PROFIT
EURUSD, 0.2500, 1.161830, 1.161660, -4.2500
EURUSD, 0.2500, 1.161820, 1.161660, -4.0000

post-close:

Mode: trading enabled
Ask: 1.162380
Bid: 1.162220
balance: 58011.6400
profit: 0.0000
equity: 58011.6400
used margin: 0.0000
free margin: 58011.6400
lots: 0.0000
$$/PIP: 0.0000
expected profit: $0.0000
expected balance: $58011.6400
open average: 1.162300
takeprofit: 1.162180
total pips: 1.2000
pos: 0.400
tc.delay: 0
ordertype: sell

**NO TRADES**

rinse and repeat..

Mode: trading enabled
Ask: 1.162170
Bid: 1.162000
balance: 58011.6400
profit: -9.7500
equity: 58001.8900
used margin: 2905.3850
free margin: 55096.5050
lots: 1.2500
$$/PIP: 12.5000
expected profit: $89.0000
expected balance: $58100.6400
open average: 1.162078
takeprofit: 1.162790
total pips: 7.1200
pos: -6.200
tc.delay: 0
type: buy

SYMBOL, LOTS, OPEN, CLOSE, PROFIT
EURUSD, 0.2500, 1.162020, 1.162000, -0.5000
EURUSD, 0.2500, 1.162070, 1.162000, -1.7500
EURUSD, 0.2500, 1.162070, 1.162000, -1.7500
EURUSD, 0.2500, 1.162150, 1.162000, -3.7500
EURUSD, 0.2500, 1.162080, 1.162000, -2.0000

page1,000!

post-close:

Mode: trading enabled
Ask: 1.162550
Bid: 1.162400
balance: 58051.8900
profit: 0.0000
equity: 58051.8900
used margin: 0.0000
free margin: 58051.8900
lots: 0.0000
$$/PIP: 0.0000
expected profit: $0.0000
expected balance: $58051.8900
open average: 1.162475
takeprofit: 1.162390
total pips: 0.8500
pos: 0.100
tc.delay: 0
ordertype: sell

**NO TRADES**

We are getting a bearish close for the week but i would expect a bounce next week before further drop

close of week:

Mode: trading disabled
Ask: 1.162650
Bid: 1.162350
balance: 58051.8900
profit: 0.0000
equity: 58051.8900
used margin: 0.0000
free margin: 58051.8900
lots: 0.0000
$$/PIP: 0.0000
expected profit: $0.0000
expected balance: $58051.8900
open average: 1.162500
takeprofit: 1.161980
total pips: 5.2000
pos: 3.700
tc.delay: 0
ordertype: sell

**NO TRADES**

The 5-day open, monthly, saved being fake-out long losses, IMHO.

DXY is break-out long, and similar all major USD pairs for confimation.

The EUR/USD failed at the 1.1788 high this week and dropped below 1.1700, nearly reaching 1.1600 after many days of consolidation above the 1.1655 support level (which has now turned into resistance). The trend remains bearish therefore, moves toward 1.1668/95 should be viewed as selling opportunities targeting a break below the 1.1616/00 support zone. Further downside targets sit at 1.1576/70, 1.1541, and the 1.1500/05 levels. Alternatively, if the price advances strongly above 1.1695 and 1.1700, buyers could push the pair toward the 1.1750 resistance level.


Weekly volatility (range) 93 pips

Significant news - FOMC Meeting Minutes, US Initial Jobless Claims & University Michigan Sentiment



Have a great weekend!

Daily


4H