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EUR/USD Fractal map

Daytrader21 Posted 10 Aug.  in #Trader's blog #EUR/USD
Hi,
Looking through my charts this morning I've spotted a very interesting fractal pattern on EUR/USD. If history is to provide us any guide than we can expect the EUR/USD to behave as it did in June (see Figure below blue circle). We can notice that today's price action structure looks very similar and it suggest that we can expect a short lived sell-off followed by a much aggressive secondary sell-off.
Figure 1: EUR/USD Daily Chart

We have to keep in mind that fundamentally speaking the dri…
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EUR/USD One more try

Daytrader21 Posted 28 Jan.  in #Trader's blog #EUR/USD
I'll give it another try on EUR/USD short side and lets see if we can grab some pips. The US Dollar should be supported, however until we can't break outside current trading range in EUR/USD we're still at risk of having some false breakouts so in this regard it's best to play this pair very defensively. i'll be looking for a retest of the 1.08000 level by the end of the week so let's wait and see if I can grab 100 pips from this move.
Other than this trade I really can't see any other wroth tak…
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Trade Setup Ideas

Daytrader21 Posted 6 Dec.  in #Trader's blog #Boe #GBP/USD #EUR/USD
For the upcoming week I think there are going to be some nice trading opportunities to make some nice money. I was thinking about EUR/USD longs after last week impressive rally I do still there is some more juice left in the market to be squeeze out on the long side. However we have to keep in mind that below current price there has been created a big void in the order book after last week central bank re-pricing.
GBP/USD seems tricky at this point but I think it can provide a good trading oppor…
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Prepearing the week ahead

Daytrader21 Posted 8 Nov.  in #Trader's blog #GBP/USD #EUR/USD
The economic calendar looks very light for the week ahead and most likely we should see more price action related move in the FX market. After an impressive NFP we can expect some more follow through on the US Dollar front before to see any retracement. I think that the major currency pairs will present the best trading opportunity in the coming week and in this regard I'll focus my attention on both EUR/USD and GBP/USD.
If I where to chose between the two pairs, I think the most potential we ca…
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1 Comments
pipx avatar
pipx 8 Nov.

I bought the EUR a bit too early before the NFP and was not around to move the SL on Friday. Got stopped out but it wasn't severe. I will be looking for a better long entry this week.

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EUR/USD in the Spotlight

Daytrader21 Posted 26 Oct.  in #Trader's blog #EUR/USD
This week will be pivotal for determining whether or not current sell of has more legs to the downside or we're still going to move in consolidation. We have to keep in mind that the seasonal pattern suggest stronger euro by the end of the year but with such a strong bearish trend, EUR/USD can ignore this pattern and instead consolidate even more which is a far more better proposition.
Right now the big two levels to watch are the big psychological number 1.1500 which is acting as resistance and…
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Taking Profits Too Earlier

Daytrader21 Posted 23 Oct.  in #Trader's blog #EUR/USD #EUR/AUD
I'm so mad at myslef because on both my shorts on EUR/USD and EUR/AUD I took my profits too earlier as the market was quite strong and moved more than +150 pips and +250 pips after I took my profits so this is a missed opportunity but I guess this comes as natural as after so many times the market moved 50-100 pips in my direction and short time after it returned back to BE, you don't want to go through the same pain anymore and next time when the market moves you take profits and you miss a big…
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Trading Only The Major FX Pairs

Daytrader21 Posted 18 Oct.  in #Trader's blog #Ecb #EUR/USD
Coming week I'll be focusing only on the majors as I think that they are the most clear in term of price action. In comparison the crosses look very messy this time as over the past few weeks the market has continued to consolidate and move in a tight range. Next week ECB interest rate decision and Mario Draghi's speech can be the catalyst for EUR/USD to break in either direction as this current range is already mature we now that after small ranges usually the market moves into expansion.
I'm n…
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Back in the Game

Daytrader21 Posted 11 Sep.  in #Trader's blog #EUR/USD #Drawdown
After having quite a bad trading month managing from beginning of the month to have a huge DD of 76% I've managed to bring back may account above BE. From here on I'll be focusing on only taking 1-2 trades/month but this should be swing trading opportunity that can bring me some 100 pips in profit, lets see if I can manage to get back in top 10.
Unfortunately because of the new rules my position in the contest will not be shown up, but I like that because this way I'll not focus on the rank but …
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FX Market Talk

Daytrader21 Posted 7 July  in #Trader's blog #Rba #EUR/USD #Fx Market #Risk Aversion
So far the market has not entered in full risk aversion mode and despite Greece referendum "NO" vote victory EUR/USD exchange rates looks quite stable. Not even RBA rate decision could spark some volatility in aussie as kiwi was moving more than aussie on RBA decision, go figure.
I'll be trading very defensively and my main priority is still to capital preservation and last but not least to try to recover my long term account balance. Last month I managed to move in the right direction and ended…
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EUR/USD Prolonged Range Trading

Daytrader21 Posted 23 June  in #Trader's blog #EUR/USD #Greece #Range #Psychological Number #Brussels
Despite the Greek drama and the ongoing negotiation between Brussels and Greece government, EUR/USD exchange rate have been very stable and we have been trading inside a very frustrating range without any clear direction. It seems the market is not willing to neither resume the bearish trend nor to break higher and have a deeper correction.
Welcome to the summer range trading conditions when usually volatility subside and trading chase away as traders and hedge fund managers are taking a pause d…
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