I am very keen in watching the development of EURUSD. On daily chart, it sets up a SHORT to me, and looking at weekly chart, we are approaching resistance area. Well, to me, I am only looking at SHORT. In fact, I will establish a small swing trade position soon.
Here is the….. CHART!
Trading idea of Long EURUSD pays off today. Profit target was achieved and position was closed with +3R, or +200 pips (does pips count make me sound awesome? whatever…).
I guess, patience played the major part of this position. Well, I should admit that, there were times that I really wanted to exit earlier. Fortunately, I am old enough to know when to leave the machine, shut down the platform and enjoy some wine.
Alright, enough ranting. Here is the …. CHART
Firstly, the NZDUSD pattern failed last night, so, no trade was taken. Dollar had a good day, and it actually brought EURUSD back to daily support zone. I see opportunities to get in some Long positions. Orders are pending now, waiting for entry setup. Let’s see how it goes. 1:3 R/R setup.
Anyway, here is what I see. Here ……….CHART!
As mentioned in my Twitter, I was looking at Long Euro and short Cable. GBPUSD went without me. I managed to Long entry of EURUSD. Around +70 pips. It might go up further, but, who cares, profit target was taken.
Here is the …. CHART. (Click to view full image)
I was thinking of posting some analysis, some charts here. I gave up the idea. There are blogs out there writing much better analysis than I do. Anyway, looking at the weekly chart, I would not think it is a good idea to continue shorting EURUSD. Well…I am not talking about day trading. You got the point.
In term of Forex day trading, this was a pretty quiet week for me. I missed one trade, made one winner, and watched from sideline for the rest of the week. In addition, I have been doing some futures trading on ES lately, I see trading opportunities that I have not seen before. I see good progress. I’d see if it is possible to bring my futures trading back to routine.
Something shocking, and interesting happened this week. I experienced earthquake in Melbourne! Well, a tremor to be exact. 4.7 magnitude earthquake happened around 96km away from Melbourne. I was sitting on the couch with my wife, watching Ramsay’s Hell Kitchen (did I tell you , I am fan of this f*ker? 😆 ), and the apartment was shaking for 5 to 10 seconds. Seriously, I didn’t know what to do other than waiting for it to stop, and immediately rushing out from my apartment. Nothing really serious, but this is a special experience. Who would expect earthquake in Melbourne?
Back to trading. Ocasionally, I would discuss or share my trading ideas on Twitter. In case you are interested, you can find me here.
Again, the chart shows you everything. I was looking to Long EURUSD (My Twitt) Simple technical trade. Dummy style. Day trade during London Session.
Here is the … CHART! (Click to enlarge)
