EURUSD 22Apr long trade idea, minor tf, against main tf trend.

Preparation:
1. If eurusd price holds 1.0779 lvl, then buy above 1.07917
2. Stop loss around 20-24 pips
3. Target 1.0897
4. RR ratio shud be above five.
Cheers!

Trade ativo:

For sure someone already buy or will buy, but in this case stop loss must will be much more than in current setup.
So, imho it is better not to trade, than to trade 50/50.
Use your own MM and strategy in any case when you trade.
Cheers!

Comentário:

If price will not hold 1.0779 then it is bears world again with first minor support at 1.0730 and target at 1.0640.
Scalpers for sure will buy at 1.0779 with stop 3-6 pips :))), but this is scalpers, fast fingers, cowboys... many of us are already too old for such disco.
Cheers!

Trade ativo:

we are watching 1.0777 now

Trade ativo:

Opened long eur short usd position. Details on the gp.
RR ratio 5.69. Cheers!

Trade ativo:

One must understand that this trade is against the trend. Long can feel it safe only above 1.0806, until that it is risky. Cheers!

Trade ativo:

So, as u can see I've made the same mistake that was talking about... First I need to wait till the low established and then only to buy against this low, when and mainly if the price made sharp rise.
Instead of this now I can only watch and expect that market will not touch my s/l.
Cheers!

Trade fechado: stop atingido:

Unfortunately negative trade stop reached. As I told earlier it was tactical mistake from my side.
Cheers!

Trade ativo:

If it reverse to the upside sharply, will try second time above 1.0779. Cheers!

Trade ativo:

Details on GP Apr23 14:29:54
Cheers!

Trade fechado: stop atingido:

Second try works well, but unfortunately it sharply reverse and the only result of the trading day was zero profit. From the other side zero is also not bad at all :)))
Hope we will conquer the waves next time. Cheers!