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The previous position went a biy over the stop-loss and reversed again. I am again short:
Met the profit target. Almost covered the loss on the previous position:
I know that I have taken this position a bit too early and before the actual setup completion but I will not be able to do anything for next one hour or so and this is the direction I strongly feel the pair should move... and hence:
Closed the position at 18 pips loss before going to bed because of possible higher risk... even though the outlook stands same. A break over 1.3135 may bring further upward moves but if that resistance holds then further downward move, as expected, would come.
Around 10 hours back I had posted two alerts in the "Forex: Alerts - Observations - Watch outs" sub-forum for EUR/USD and USD/CHF. The resistance was expected and it happened.
EUR/USD's one position met the profit target and second is still open:
(The 3 light orange squares below the green circle (profit met) are expired limit orders and are no longer there.
The second position also met profit target. The support came almost at the same level of the profit target. Total gains on these two positions were 124 pips:
Again as per the yesterday's post in "Forex-Alerts- Observations -Watch outs" sub-forum, the buy position of USD/CHF has gained 48 pips so far and is still open for the target of 0.9180. The beauty of this position was that the stop-loss was just 10 pips. I amy change the T/P to 0.9170 to be on safer side.
I have been irregular in posting as many new things have been planned for ForexAbode but of course am never away from trading. In fact past couple of weeks went very good with EUR/USD positions.
Here is the new short. The current target is 1.3154 but I expect deeper moves today towards 1.3120 or more:
Position met stop-loss with very strong jump. The stop-loss was tight and just 27 pips. I am still of the opinion that this upward move should not last for long.
Have taken a short on GBP/USD. The position is not based on technical analysis but more on the price actions and considering the economic releases:
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