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.
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.