I hope you had a profitable overnight session last night in our first day back trading since the weekend
The conditions lined up for the 7am EUR/USD short trade. Here is the setup:
Entry Price: 1.3007
Exit: at the open of the 11am CST bar
S/L: 1.3067
TP: 1.2987
The bullish price was stalled momentarily at a weak point of resistance, and will likely continue higher for a bit; but, we will trip a few other points of resistance on the way to our S/L. The hope is that weāll get enough bears on board with these points of resistance to ātip the scalesā in our favor. However, based on current price action, I recommend taking this trade with a lesser lot size.
Probably, the most alarming thing is that it produced 2 sell signals when weāve only had one for the day (the other is the AU open EUR/USD trade)ā¦
The other thing that I am wondering about is the fact that the prices are so far off (i.e. the entry price this morning for the EUR/USD short trade was 1.3007, and what was listed in the previous comment was 1.29777).
Hopefully you were able to make some profit in the overnight session and are ready for another day of profit in FX
The conditions did not line up for the 7am EUR/USD short trade this morning. As usual when we have such a large move over a short period of time, the market is working to decide what to do next. It is likely that the market will continue to move higher, but not unless it overcomes the resistance from the bears.
This being the case, we have now entered a period of expanding range. Be careful as you trade today because volatility will likely be high.
I have only 4 ā signals? active at the moment, since I dont have a function to buy on a bull candle, my best guess it that my timezone settings is of:P and I know I put in 1 wrong one in there I can fix that pritty fast, but my biggest concern is that I get a āwrong stops usedā errorā¦ Do any of you use the ea on forward testing getting this error?
Hopefully you made a bit of profit in the overnight bear move and are looking to pick up more pips in todayās US session
The conditions lined up for the 7am EUR/USD short trade. Here is the setup:
Entry Price: 1.2947
Exit: at the open of the 11am CST bar
S/L: 1.3007
TP: 1.2927
Because we so near a large bear move, and the support point that price has stalled at seems to be fairly weak, we have a strong chance of having this trade work out for us this morning.
I can fix that pritty fast, but my biggest concern is that I get a āwrong stops usedā errorā¦ Do any of you use the ea on forward testing getting this error?