EURUSD - Chart - Trade Plan - Daily Outlook - 3-1-2018
EURUSD - Chart - Trade Plan - Daily Outlook - 3-1-2018
EU bounced at 2154(as previous post, I mentioned 2173 was a minor support) and closed the day above 2205 and the rally looks strong. I think it will hit 2307 (FibResistance minimal). I have been scalping long targeting near 2307.
For short term outlook, it could retest the bottom again if 2355 hold. If it breaks 2355, I will find the way to close all of my short trades and might jump in short again above 25ish.
Pending short entries at: 2335/2355(1/2 trade size-will count as 1/2 pip for the first two and 2370(full normal size), I will watch for the day close above 2370 levels as my SL.
Scalp long pending 1/2 trade size at 2217 targeting near 2307, SL should be just right below 2154. If it reaches 2307 first, this long scalp pending will be canceled.
The trend is still bearish if 4h/daily close below 2205 again and will turn bullish if both close above 2355
NOTE: I could hold up to 3-5 for scalp and 4-8 for medium and long term opening positions with big 300-500 pips DD and all combined equal no more 3% of my account.
So far since I moved to Steamit I have the record for live trade call :
Steamit - EURUSD - 2018 : [(25+53)+(14)+(52)+(-2)+(-42)+(-20)+(23+14)+(-6)+(14)] = +125 pips.
Thank you for support, upvote and retreem!
Good luck with your trades too !
Lets get pips together :)
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You call that a scalp 😋 I understand that you just mentioned the risk factor with overtrading. But have taken only 1 trade with more than 15pips SL the past months. But then again, can't hold trades either. All the best for you!
The market is giving a "messing condition" these day, so most of my 30 pips profit or less are just a SO with small profit/loss. The real scalp for me would be at least 35-100 pips/ medium term: 50-150 pips/ long term: 100-500 pips or more. Just wait for the right time, only couple trades can make my year.
I am not hurry because if I get the DD with 2%-3% that would cost 4k-6k already then I will spend more time to recover the loss back.
From this year, I reduce my trade side to 0.5, 1, 2 , 3 lots, for all combined no more 10 lots, most of the time it is at 2-3 sdl but the got the result the same at the end of year, the good thing is no more greedy with less lot size trade.
Thank you for your support borsah!
Hope that you will do well in the future!
Have a great weekend!
Hope so too. My lot size is minimal, but trying to make it up with frequency 😁. Just suits the personality.
UV you here!
Where was your new post borsah?
Hello Angelina,
your analysis and your trading plan are great and clear as usual.
I wish I could be able to do such and analysis of the market on a wide scale as you do
cheers
Valter
Remember that, I am trying to make my trade clearly and no hidden anything here.
I make everything simple and will tweet out on time on my Twitter.
I dont want to show winning trade and hide the losing trade.
I rather missing many good trade then staying a bad trade.
Believe me or not, I got catch many times and will be again in the future so very careful.
Sometimes, I got couple hundred pips for 2- 3 months but just with 1 bad entry, the market took all back.
I am not hurry because this is my real money.
Thank you for your support Valter!
Remember that I trade with my real money and trade for living so I dont want to jump in trade every single day. I will trade when I feel it is safe and comfortable with my strategy.
My experience, the more I trade, the more I get risk!
Thank you for your UV guys!
At 2221/2206 now!
EU did not give any pull back and just reach 2287, very close to 2307.
It could head down again to retest the bottom low at 215ish/7ish.
Give me no chance to catch the long scalp target near 2307.
I will wait for my shorts trigger then.
Long scalp at 2221/2206 are closed !