Price Actions- EurUsd

Market didn't go my way and got stopped with 3pip loss.

Hello!

The best daily signal comes from CADJPY as seen in the attachment.

I have short this and stop loss is as shown in the graph. PT strategy is to BE after running into profit.

Cheers!

Based on the price actions studies, all currencies show similar trend once a daily candle closes (below the Moving average) as shown in the couple of example attached. Results in terms of pips were as shown previously.

Cheers!

As for today on EurUsd, I was only interested in Buying...I spotted a change in the price actions as the market came out of ranging prices using 5min TF as attached.

Another one well spotted live trade, my second of the day, now on BE (currently running 63pip profit)
My stop loss was as shown in the 5min TF before moving to BE after market moved immediately to 50pip+

Expectation of TP after London open around 1.34135 as attached from daily TF

Cheers

Second trade CADJPY live...currently on 10pip+
I am not yet moving my SL to BE as the market still hasn't taken it's toll.
Looking to BE after at least 35pip+ depending on volatility.

Cheers!

closed this trade (CadJpy) with 7pips profit after Us opened. Didn't seem to have that much of volatility at all.

EurUsd-took my profit @ 1.33990 yielding 110pip profit

The market now is in the reach of around predicted region1.34135 seen as attached.

I am done for the day till next week.

Cheers!

From Daily point of view, there is no uptrend confirmation as the day closed below 1.34135 as shown below and therefore will still be considered DOWN till we get a confirmation.

This doesn't mean you should start selling but rather be very cautious when buying even though I wouldn't sell at this point. Never trend against the big wave (trend) which is heading up.

Based on daily analysis, there is a signal to short for audchf.
Stop loss is based from 4h timeframe as attached.

Cheers!

Daily trend for gbpusd remains DOWN.

There is a minor uptrend formed using 4H TF.

Also stop loss place as attached.

NB: 4H minor trend might end up lead daily trend to change eventually. So far trade with the trend.

Cheers!

Weekends are always interesting when it comes to making currency analysis. Majority of the currencies seem to close on providing next signals for the following week. There are many opportunities of trading different currency pairs. I am more interested in choosing those that can give best possible pips.

Here is another one sgdjpy...both daily and 1H TF giving the right set up to go short.

Note the SL placed on the 1H TF. Here is how I use the stop loss before trading first.

Based on where I have already put the SL, I will then switch to lower TF 5M and allow the market to trace back but not to touch the SL and then let it set itself before shooting down. Once I am happy with the price actions, I then go short.

Once the market has move down considerably depending on volatility, I then move my SL to BE.

Using simple set up rules such as trading with the trend, good trading strategy (system & understanding price actions), good money management, discipline as well as patience guarantees success.

Cheers!

30M TF and new lower time frame stop loss set as attached. Based on this SL, I am looking closely at price actions on 5M TF and possible trade to go short for my first live trade.

Trade well,

cheers!

Another signal good to BUY.

Cheers!

Point of interest if market was to make further progress.

As we can see from the graph, there is a rejection of a buy trend formation on the daily TF. This may be the beginning of EurUsd currency to plummet further and go possible below last low. Only looking to sell!

Cheers!

For the first time, we have a change in the DAILY tf to a BUY TREND (as from the chart) and will be looking mainly for buy trades.

Having confirmed the daily trend as BUY TREND. This doesn't mean the price actions will always go up, also expect a pull-back.

Close attention around the red marked line and any solid SELL bar (4H tf) close below it will most likely allow the market to pull-back.

Cheers

An example of reversal trade against the main trend.

Trade came up as a result of London close. See how the market reverses after London close.

If you notice on the chart (attached), there are highlighted areas and this is where major changes in trend happens. Also break-outs occur due to market being opened/closed hence increase in volumes.

Attached are the indicators to help you give those alerts.
Credit & thanks goes to those who made those indicators.

This trade was taken exactly after the 17:25 bar closed with a tight SL of 5pip. 20pip net was taken out of a possible 34pip

Cheers!

Here is an example of a trade I missed taking that had all set-up read for a buy trade. Notice the price action before the blue marked up line.

You should first notice from the 30M TF the main trend is UP. Later switch to 5M after Europe opened. Notice price actions changing from a minor sale to a buy trend.

Now London opens and you should notice how the bearish bars are constantly cancelled out by bullish bars. After the 5M 08:40 bar closes, I am happy to buy. The market moved 58pip after that point. From my set of rules, I would have gone for 44pips net.

Never try to take a counter trade while the trend is up. The only time I do take a counter trade is when London closes (as in previous example). This is when I look for a possible counter trade. I first wait to see a change in trend, then when I get a set-up, I take it with a tight SL.

Market breaks through "line of interest"...and the price actions were perfect for a pull-back.

Notice when Europe and London sessions started and that coincides with the "line of interest" already being broken, excellent signal for a sell already in place.

Always keep it simple!

Cheers