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04 April 2018 - EURUSD

WrecklessTrader Posted 4 Apr.  in #Eurusd #Tradercontest #Trader'sblog #Eurusd Long #Eurusd Short
Todays trades were basically focused on the directions of the market. I had been long since yesterday. But once I found that it will not have the strength to move beyond 1.2315 I decided to close my deal at 1.2301.
Later I felt the market may oscillate 10-15 pips downwards. I initiated a short at 1.2302. It went all way down to 1.2288 but not any further and started to move up. So I closed it at 1.2292 and decided to stay clean till further clarity is available for any trades.
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EURUSD short2 (04 Jan 2018)

WrecklessTrader Posted 4 Jan.  in #Trader's blog #Eurusd #Cci #Traders Contest #Eurusd Short
I took another short trade in EURUSD despite taking a hit in the first one. I felt that USD will again move toward 1.20 or somehwere closer. I looked at the chart and found that there is a big possibility of it moving down 50-80 points down.
Eventhough I follow technical analysis, my personal views are more important to me.
I went short 1Mill @ 1.20747 with a Take Profit target at 1.2015. Stop Loss is kept at 1.2100. I might take profit this time if it gives me more than 25 pips, as I have felt …
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EURUSD Short position (03 Jan 2018)

WrecklessTrader Posted 3 Jan.  in #Trader's blog #Eurusd #Traders Contest #Eurusd Short
Again this trade based on Technical cum Personal view.
I went short 500,000 EURUSD at 1.20304 with a Stop Loss (SL) 1.2080 and Take Profit (TP) at 1.1975. I have this strange feeling that it could break 1.2000 levels, even if it is for a brief period and the fall could be very forceful before a support comes. It may happen either in a day or two, but sure to happen. That is what I read from the charts.
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EUR/USD short trade 27Dec2017

WrecklessTrader Posted 27 Dec.  in #Eurusd #Trader Contest #Trader'sblog #Traders Rules #Eurusd Short
I don't know ever since I entered the contest, I am not able to make any kind of impact with my trades. Here I have to follow so many rules, that is hindering my normal trading behavior. But this is a contest, where rules are to be respected.
I am a trader who trades freely. Whenever I do that I make good profit margins. I love fast scalping and play both short and long. Since i have to stick to the trading contest rules, I am trying to learn to trade in a different way. This month will be learn…
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EUR/USD Short Trade 21Dec2017

WrecklessTrader Posted 21 Dec.  in #Trader's blog #Eurusd #Trader Contest #Short Trade
I took a short trade on EURUSD at 1.1868 levels with a SL at 1.1895 and TP at 1.1820. After going above 1.1900 for a brief period, the prices were in a range for a long time and then fell down closer to 1.1850 today and a subsequent rise back towards 1.1880. I feel it will not break this resistance and the only way is down. If the down trend breaches 1.1848, it could travel a lot down wards. I feel it is better to take profit at 1.1820 and initiate a new trade if trends confirm to take another t…
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1 Comments
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WrecklessTrader 22 Dec.

My assessment about the market directions were right. It broke 1.1848 with a sudden move and went all the way to 1.1816. This trade happened today (22 Dec 2017) morning. It was too early for me to wake up. When I opened the terminal, to my surprise the target price has been hit. And the price returned to 1.1848 and has been around that level for quite sometime. Once a clear trend emerges, I will take another trade in the direction of the trade.

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