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- MnrComposite replied Jan 6, 2021
Took a fat finger trade. Meant to set a limit for 1.2314 but accidentally entered at market x.x Probability is still in our favor. Have about 42% probability of success with a roughly 1:2 RR. Let's see if she can bounce! image
- MnrComposite replied Jan 6, 2021
1.2250 is looking very probably right now. Missed the opportunity to short it though. Will be watching for consultation around 1.2250-1.2280 area before getting long again. Looks like we got a choppy rest of thew week ahead!
- MnrComposite replied Jan 6, 2021
And we arrived! Cheers to the longs!
- MnrComposite replied Jan 5, 2021
I hope you are right! I am still holding long from 1.2270 area looking for 1.23395. The odds are definitely in our favor! Looking at about 80% probability of reaching 1.23395 before 1.22395.
- MnrComposite replied Jan 5, 2021
1.2300 is proving to be a nice resistance level. Always got to watch how it plays around the 00 levels!
- MnrComposite replied Jan 5, 2021
Now that 1.2300 has been breached, we have about a 72% probability of going to 1.23395 before 1.22395. Cheers to the longs!
- MnrComposite replied Jan 5, 2021
It’s just arbitrary. You could use whatever range size you’d like to trade in. I prefer 100 because I can normalize and calculate the spread cost I need to account for in my probabilities along with other things like break even win rate for open ...
- MnrComposite replied Jan 5, 2021
Although we are seeing some pull back, that latest high around 1.2290 gives us roughly a 63% probability of reaching 1.23395 before 1.22395. Anything can happen though! Sellers look to be coming in pretty strong.
- MnrComposite replied Jan 5, 2021
Still holding long. A lot of consolidation around 1.2270. Looks like market is setting for a new leg up.
- MnrComposite replied Jan 4, 2021
Stopped out at BE +. a pip. Have opened a long position. Looking for 1.23395 before 1.22395. As of now, it looks like we only have about a 42.5% probability of this happening, but with a 1:2 RR, that's money. image Euro feels ready for a move up ...
- MnrComposite replied Jan 4, 2021
It does look like some good consolidation here. Considering closing my short early and watching for the long entry. Have my stop at BE to be safe. If we get a quick strong move up to the 1.2280 area, I will be looking to get long on a pullback.
- MnrComposite replied Jan 4, 2021
I'd agree. Using stops like that is asking to get swept! Only works if you don't use a TP otherwise your sum of gains will almost never cover the losses.
- MnrComposite replied Jan 4, 2021
Looking at about a 70% chance of succeeding now that we are trading around 1.2250.
- MnrComposite replied Jan 4, 2021
Let's see how it plays! As Pollen noted, we could be rounding out here. Since we have seen a nice 40+ pip drawdown from the 12:00:00 candle close, it seems much more likely for 1.2213 to come before 1.2315. My data suggests we have about a 63% ...
- MnrComposite replied Jan 4, 2021
This played nicely Sidelines for now. Will watch how price develops over NY session before planning next trade.
- MnrComposite replied Jan 3, 2021
Looks like a strong open so am expecting the bounce to continue over the London session. As a result, I have established a long position around 1.22424, targeting 1.22997. Will be looking to exit if the price dips to 1.21995. Should this occur, will ...
- MnrComposite replied Jan 3, 2021
The opening will be interesting. If 1.2231 is broken before 1.21995, will be looking to establish a long position below 1.2260, targeting 1.2300 as long as 1.21995 isn't breached. Should 1.21995 be breached, I will be watching for consolidation ...
- MnrComposite replied Dec 31, 2020
We have arrived at 1.2210 Will be watching for accumulation around 1.2180-1.2200 to get a long position going around Monday or Tuesday. Happy New Years Folks!
- MnrComposite replied Dec 31, 2020
That fell a lot quicker than expected. Looks like we are about 9 times more likely to see 1.2210 before 1.2310 now. Should have some nice long side opportunity afterward. Will need to watch for consolidation around the 1.2180 area again like a few ...