EURUSD. Profit taken, and shorting. Video analysis.

Disclaimer: Not a financial advisor, this is a public trading journal and educational tool. This means I am not recommending you buy or sell anything. I am only showing you what I think will happen and what I am doing. By viewing this statement you have been fully informed that the opinions in these videos, if acted upon due to your own willingness, could lose you money.

ENTRY GROUP #1 average: 1.2492
ENTRY GROUP #2 pending: 1.2590, 1.2640 (scale in)
S/L both: 1.2820/30/50 (scale out)
#1 Leverage = 1:1 (risk ~3%)
#2 Leverage = 2:1 (risk ~3%)

We should be seeing an oversold pullback due to many factors. Most importantly would the rising interest rate environment for the USD and an overheated stock market.
Both of which create a demand of USD dollars. Isn't it funny, how Trump gave the signal for the USD to bear last year, and he is sounding the horn once again? I am not saying the Euro bull is over yet. This is a technical pullback. I still believe we can go to 1.30 before we see another long term bearish move in the EURUSD. I bought Euros for $1.05 when everyone was panicking.

Looking to do professional analysis and create ideas for professional traders, banks or hedge funds with investment capital above USD 5million.
I have been trading the Euro 50 hours a week since 2011.

If interested, contact me.

Note

A slow and grindy Monday thus far. Still will not rule out a stop run above 1.2550, although it is appearing less likely now. 1.2330 is in the cards this week certainly, and even 1.2280/20. I added a tight stop loss short from 1.2454 with stop loss and 1.2485, target at 1.2220. The risk on this tight stop loss entry 0.1%. Reward ~0.8% gain + swap carry interest

Note

We saw some support off 1.2400, now it is time to see if the bounce has any staying power. I trimmed half of my day trading position at 2404 and added back on this intraday bounce at 2423.

Note

Trimmed some intraday profit at 1.2416 hoping for a pop to 2435 to reload.

We aren't near the longer term target so nothing is being touched with that position.

Note

Entered on the bounce to 31, I got in at 23.
I am targeting 1.2380 intraday, 1.2220/1.2180 swing.

Note

Going into swap hour and the 1-hour break of futures markets, Euro dropped 30 pips. I decided to close out my day trade fully at 1.2375. I still have my swing trade on as you can see in this chart.

Note

Closed intraday short position (tight stop) and 25% of swing short @ 1.2332
May consider adding it back if we can push up toward 1.2370/80

JPAZ_Holdings

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JPAZ_Holdings