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Market: EUR/USD
Current Price: 1.2770
Direction: SHORT
Order Type: LIMIT SELL
Price: 1.2800
Stop Loss: 1.2900
Profit Target: 1.2100
Instructions: Move SL to breakeven after 100 pips profit.
Friends, let's cancel our second EUR/USD Limit Sell as well. We missed both of our entries on first attempt by only a few pips. While we still might get filled today, due to the sequence of the moves i would like to wait a little and not take any unnecessary risk at this moment. No trades for today.
Current price is 1.2765
I received a couple of mails today asking why we canceled both trades. To clarify, we canceled the trades because prices moved too far away from our sell limit and another approach to our projected entry area would have significantly increased the risk for further upside. As such we would have attempted to get an entry at a higher price. But as it turned we were missing our entries by 2 pips on the first trade and 9 pips on our second trade with prices directly dropping from there without ever hitting our projected entry zone again. We will now wait for a decent correction before attempting another short trade. As things stand right now, i have the 1.2750 area in sight but details will be disclosed as the price action develops.
Market: EUR/USD
Current Price: 1.2680
Direction: SHORT
Order Type: LIMIT SELL
Price: 1.2700
Stop Loss: 1.2900
Profit Target: 1.2100
Instructions:
Market: EUR/USDCurrent Price: 1.2680Direction: SHORTOrder Type: LIMIT SELLPrice: 1.2700Stop Loss: 1.2900Profit Target: 1.2100Instructions:
Please move your stop up an additional 50 pips on our current Eur/Usd trade as the current stop is sitting too close to a 50 % Fib. Level. If we get stopped out we will reposition higher. Target remains the same.
New Stop is 1.2950
Current price is 1.2880
Market: EUR/USD
Current Price: 1.2950
Direction: SHORT
Order Type: LIMIT SELL
Price: 1.2990
Stop Loss: 1.3140
Profit Target: 1.2100
Instructions:
Market: EUR/USDCurrent Price: 1.2950Direction: SHORTOrder Type: LIMIT SELLPrice: 1.2990Stop Loss: 1.3140Profit Target: 1.2100Instructions:
Please move your stops now to 1.3070.
Market: EUR/USD
Current Price: 1.2625
rection: SHORT
Order Type: LIMIT SELL
Price: 1.2680
Stop Loss: 1.2780
Profit Target: 1.2100
Instructions: MOVE YOUR SL TO BREAKEVEN AFTER 70 PIPS PROFIT
Please cancel the previous order and place the following trade:
Market: EUR/USD
Current Price: 1.2540
Direction: SHORT
Order Type: MARKET
Price:
Stop Loss: 1.2640
Profit Target: 1.2100
Instructions:
Please cancel the previous order and place the following trade: Market: EUR/USDCurrent Price: 1.2540Direction: SHORTOrder Type: MARKETPrice: Stop Loss: 1.2640Profit Target: 1.2100Instructions:
Friends, please take note that i have moved the maximum SL for our trade from 1.2640 to 1.2670. The previous stop is sitting too close to a larger Fib level. Also, please leave the profit target open as the projected US Dollar Index target might give us a larger Eur/Usd profit target.
New SL: 1.2670
New Profit Target: OPEN
Current price is 1.2525.