Charts - Thursday 26th February

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If you look at a chart for EU yesterday you'll see that it dropped quite a bit. If I was to tell I took a short and had a loss, you might be a bit surprised. Well, that's what happened.

Essentially, I got in a early I guess. The entry I took was good and followed all my rules, it just wasn't too be. Price went back up and flushed out any weak holders. Then it went down. Unfortunately I didn't get an entry for the main leg down.

EURUSD Sell
Bar 1 was the highest volume for the time and I took the short from the bottom of this zone. I perhaps should've waited to see how that volume played out before trying the short.

Bar 2 was another spike in volume followed by an upthrust, I could see this was weak but I didn't want to short in to the higher volume that was bar 1. Hence not taking the red sell signal. If this had formed after clearing the yellow zone then I definitely would have got in, but it just wasn't to be unfortunately.



Cheers,

Liam

Charts - Wednesday 25th February

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Whilst I said I wasn't rushing into anything, I still intend on taking the trades that tick all the boxes. Another short and win on EU today. Similar enough set up to yesterday.

I posted the following chart on Monday and I used one of these zones again for my entry.

EURUSD Zones
Bar 2 is from the FOMC statement last Wednesday. My short came from the 50% (1.13750) of this bar today.

EURUSD Sell
I've marked the FOMC 50% in orange as you can see on the above charts. The yellow box on the left chart is what drew my attention when I got up this morning. It's quite a wide spread for that time in the morning and whilst the volume isn't massive, there was definitely a marked increase. This was followed by an upthrust so at this stage I was looking for shorts. I had to wait for price to get below the MA on the 3min but eventually it did and printed a nice sell signal. The target just happened to be above yesterday's zone. Which has provided support.

Gained 1.52% on this, leaving me up 8.52% for the month. Delighted with how the last two weeks have gone. Now to keep the head down and keep building on it.

Cheers,

Liam

Charts - Tuesday 24th February

Had another good trade today. Another sell on EU. Both of my trades this week have come nice and early in the day and have hit targets by 9 or 10am.

EURUSD 15min
I'm delighted to say this trade helped me to hit and surpass my monthly target of 6.14%. I'm now up 6.89% with a couple of days remaining this week. I'm still actively looking for further positions but I certainly won't be rushing into anything.

Cheers,

Liam