EurUsd long therm trade closed +130 pips

EurUsd long therm trade closed +130 pips

This was really nice trade for two days. I think the EU is globaly in long trend so all i have to do is find the local trend in correction, wait for good price – understand low price for buy, and than just open the trade,s et your SL, target according to ADR and than stay away and relax. I know forex market is not the best one in therm of long based trades, i don’t like them but once upon a time the situation will allow us to stay a bit longer in open position and get some nice RRR. This one actually was SL14 exit 130 meand RRR 9,2.

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Weak reaction on USD-JPY daily demand

Weak reaction on USD-JPY daily demand

I was expecting a bigger reaction in the long direction from daily demand UsdJpy, position now in open profit +25 pips, not so bad but could be way better. For the next week i think there is room to continue long, but with weak volatility there will be possibly only chopy market – side trend. Will see what will happend. This trade i was offering in my trading journal in the Knowledge-Base forum, this is i think my best project and you can find there all the informations you need to become a trader.

EurUsd closing the weekly gap

EurUsd closing the weekly gap

EURUSD

I was really wondering when i discovered, that the EU is rising to the 1,2000 because there is the gap from 12/2014 and thats a long long time ago. But as we good know, gaps in chart will be closed in time, so here we have it. Actuall price yesterday 03.08.2017 was around 1,1850 and thats a great point to buy because you have 150pips which you know will be with high probability done by the EurUsd because the gap will be than closed.

So all i wanted is buy the EU with higher volume, but of course do not stay in the HOPE mind set but be active and attentive. My favourite plan is wait for any breaks and than pullbacks. For me, this is the best technique because i am able than read the price chart a be suer we are goin in my direction. This happend on M30  and i was really happy with that. Nice strong pole long so i waited for the pullback and than i bought the EurUsd from M5 demand 1,1847 with SL5 pips.

The exit was of course planned to 1,2000 with targeting 150 pips. That target could gave me RRR 30 and I was waiting for another higher highs in the price structure. But after GbpUsd news and than ISM Non-Manufacturing PMI i made a decision today we will not reach the new high. GbpUsd was falling really hard and I don’t wanted to stay long EurUsd because of the correlation. I have also a bigger lotsize in open position, so there is no need to stay in hopes and than cry because of the huge loss. So i close it with +25 pips.

USDJPY

On the other hand, there were two trades on UsdJpy short yesterday and i was pretty happy with them. UsdJpy is short for me in long therm and nothing can change it. Well maybe some good rates, but i don’t see any change in that for the furute. So my trades according to S&D logic. Sold the reaction on Supply and closed the trade on next demand. Done it two times in a row. Nice and steady.

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