Potential long EURUSD wave from highlighted levels
Orange lines - daily wave, classic ABC continuation
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions
1.1765 is the last h1 model driven reversal point for the current daily wave down. It is also closely related to a 0.236 retracement of the previous daily wave up.
A 1.1700 test can occur but it is not a requirement for a valid long signal which should occur in the next 48 hours.
An h1 extreme candle is also about to be confirmed.
If you follow the forex chat room we post some of the low time-frame entries we take using a rule based approach in order to generate risk-free trades as soon as possible.
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions
1.1765 is the last h1 model driven reversal point for the current daily wave down. It is also closely related to a 0.236 retracement of the previous daily wave up.
A 1.1700 test can occur but it is not a requirement for a valid long signal which should occur in the next 48 hours.
An h1 extreme candle is also about to be confirmed.
If you follow the forex chat room we post some of the low time-frame entries we take using a rule based approach in order to generate risk-free trades as soon as possible.
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h1 extreme candle and m15 position building level
signals pending - attempt 2
تم فتح الصفقة
valid h1 signal printed for attempt 2
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2 positions @ 1% account equity each, sl more or less 100 pips per positionملاحظة
After some additional consideration, 2 position 1% each sets up the risk too high. Sitting on +30 now, reducing the risk profile to 2 h1 positions @ 0.5% each. An alternate course of action would be setting the SL for one position to BE - however this action will reduce the risk to 1%, while the 1st option reduces the risk from 1% (100 pips) to 0.7% (70 pips).
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1-1 RR should be the BE point but early BE here based on m15
risk free trades are a bit more relaxing
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1-1 RR hit for 100 pips
tp1 should be 2-1 RR but you guys can't take it from here
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you guys CAN* take it from here :)أغلقت الصفقة: تم الوصول للهدف
position 1 is done, 1.75-1RR
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updated target for long position 2 into the next short (1847)ملاحظة
clearer chartملاحظة
final version with updated m15 reversal level300 pips is ok for pos 2 with 3-1RR
أغلقت الصفقة: تم الوصول للهدف
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Outcome: 475 pips on 2 positions, account return 3*0.5%+1.75*0.5%=2.375%ملاحظة
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sorry for the error double postlong reaction levels
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1612 inflectionملاحظة
1580 continuationملاحظة
continuation positionملاحظة
over 1-1RR close to +80tp continuation ok
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continuation position 2ملاحظة
risk management, partial profit continuation 2ملاحظة
small 1641 continuation today, long side essentially loaded up, no chasing beyond this pointملاحظة
long partial profit taking levelملاحظة
looking for partial risk continuation 3 1665ملاحظة
profit taking level 2, entering short setup territory final h1 tp -> short 1830-1837
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updated forecast from the short setup territoryملاحظة
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0.25%-0.5% pos
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management and partial
i keep getting my work erased...
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