It means if blue line would be broken just little,- No Trade for new people. Older Traders we are Long since 1.2700, so for now I do not put Stops at all on new adding Entries. When we'll see bigger reversion or change of Main Trend I'll let you know and on this Blog. Today we'll trade more careful (smaller amounts).
In algforex.com and on this Blog 10 days we do adding EUR/USD just Long.On Monday and Tuesday in algforex.com we did have just Buy EUR/USD levels. Now after some reversion Short in algforex.com we'll do one more adding Long.
It's Friday. Today no more new Entries. On Sunday in algforex.com we'll do new Update. Below you can see Strategy what we did Trade last week. We did start Long from 1.2700 and 37 pips lower. Also we did some Entries Short on other Trading Station for extra money. Next week it will be very different.
In algforex.com we have Target (support) for our EUR/USD Short 1.3107. Also we'll do adding Long from this level.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I do make special note. It works just for special Market conditions and for special levels or pivots. Take some profit at 40 and 70-100 pips. Never close all trade 100% Do not risk more 3% of your account Balance.
EUR/USD 1.3107 has very temporary resistance. Sell just on other Trading Station and Stops as soon as possible. Short Entries just for Today. Same scenario: After some reversion Short in algforex.com we'll Buy near safe level of support.
In algforex.com we're looking for reversion Short and we'll Buy EUR/USD near safe Level. Still very dangerous to Sell EUR/USD. Let's go just Long and keep Longs as much as you can.
Yesterday in algforex.com we did not reach safe 1.2771 level for EUR/USD Buy. We still hold all old EUR/USD Long Entries since 1.2700 and since 37 pips lower. New Update coming in algforex.com.
Now we have 150 pips of Profit. Looking for 200 and much more pips.
USD/CAD Long 1.0587 move Stops near Entry. Later it will break lower. Our priority is USD/CAD Short.
Now we'll take 1/2 Profit from USD/CAD Short 1.0667. On other Trading Station we did open USD/CAD Long 1.0587. Stops I still don't know exactly. For now about 25 pips.
This week on Friday we have USD Change in Non-farm Payrolls. Since Monday we see lot fundamental and technical manipulations in market. Big Volatility. Let it go. So, this week I'll do Calls and Intraday Update much later in afternoon US ET time. Next week will trade regularly.
Monday, August 30
Now I'll Sell USD/CAD 1.0603. Stops 25 pips
USD/CAD 1.0519 has Intraday Sell. Stops to Entry as soon as possible.