EURAUD Journal

Discussion in 'Journals' started by Lee-Bax, Apr 28, 2020.

  1. Lee-Bax

    Lee-Bax

    Good morning, new week begins. Hope all had a good xmas , the market is still rolling along but at a slower pace. EURAUD although is moving in my desired direction. we have broken below that strong support zone and closed below which is what i was looking for. Bear in mind liquidity isnt back up yet but i have entered a position here in anticipation for the lower drop. If you follow always remember risk management use 1-2% only. Nice R:R on offer here. GLIYF


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    #21     Dec 28, 2020
  2. Lee-Bax

    Lee-Bax

    Checking back in on EURAUD today and as expected price is moving in a bearish direction. The full projected TP zone of the first trade has been smashed so congrats if you held onto that one. I also entered another position as stated in the last post, which is currently 300+ pips in profit. The ideal entry for you all would of been the doji just after the test of the broker trend line . Now price has broke these support zones i expect it to continue making lower lows and lower highs. Stack trades on the lower highs up to the trend if you can, you should be able to get tight stop losses on those positions. GLIYF Screenshot_3.png
     
    #22     Jan 6, 2021
  3. Lee-Bax

    Lee-Bax

    Checking back in on EURAUD today. Glad to report that were currently 390 pips in profit on our position. Ive got two horizontal support zones where price could possibly stall. For which we are currently at the first of these zones. Could possibly expect price to find a little support here. But i would look for price action to form the lower low then form a lower high at the trend then move down again. Depending on what you want to do you could take profit here as 390 pips is something you don't want to give back to the market. you can always re enter again on the lower high formed and ride it down on another entry. GLIYF Screenshot_5.png
     
    #23     Jan 8, 2021
  4. Lee-Bax

    Lee-Bax

    Todays chart is more of a check up on our sell trade with EURAUD . Currently over 420 pips in profit on this setup so far. Moving in the right direction, i do expect a pullback one day in the near future to create a lower high. hopefully it stays under trend and then pushes further down. Not a bad haul of pips so far so as always secure the bag. Can always re enter on pullbacks. GLIYF Screenshot_1.png
     
    #24     Jan 13, 2021
  5. Lee-Bax

    Lee-Bax

    Well its been a week since i've looked back in on our EURAUD trade. We are currently 433 pips up on this position. Since the last post we have had price come back and make a nice Lower High. But you can see where price also reversed right on the horizontal line zone of support. So its vital that we break through this to reach TP projection. i would secure 350+ pips profit at least with your SL just incase support is strong and we get bullish movement. GLIYF
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    #25     Jan 21, 2021
  6. Lee-Bax

    Lee-Bax

    Its been a couple of weeks since ive updated on EURAUD . Price is doing as expected, we bounced off the support and created a lower high. I also love how people say trend lines don't work......
    Price reacted on the downtrend and the 53 ema above lovely. We are currently 400 pips in profit so if you kept holding we're about to make another push to the support zone . If you took profits or moved SL into the profits as suggested there was another easy sell from that trendline too. The TP is a big one on this trade but very rewarding. GLIYF Screenshot_1.png
     
    #26     Feb 4, 2021
  7. Lee-Bax

    Lee-Bax

    Today's update is on EURAUD . SInce the lower high was made we have seen great bearish action. I have changed the TP zone to the support level just below price. As it is a strong zone which has been tested twice, its wise to take our profits there. Currently 480 pips in profit on this setup so not much more movement to reach TP zone for 520 pips in total. We will watch what happens when we get there which will decide our next setup on this pair. Will update again in a few days after seeing some more price action. GLIYF Screenshot_1.png
     
    #27     Feb 8, 2021
  8. Lee-Bax

    Lee-Bax

    Last week finished well. We got the push down on EURAUD , I am going to call TP hit here, we are 500 pips in profit so lets bank them all and close this position now and look for the next one. There's two possible trade idea's im looking at. First one is the bounce from this support zone again if it holds, this is a little more risky as price action is bearish , But its possible we could reverse here as its a strong zone. My ideal setup would be to drop through and then sell the re-test, if we get one. You could always set a sell stop just below the zone to catch it if it falls. Either way look at price action on market open then you can look to enter on monday. Have a good weekend all. GLIYF Screenshot_01.png
     
    #28     Feb 13, 2021
  9. Lee-Bax

    Lee-Bax

    Good afternoon, checking back up on EURAUD today. Last post I gave out two trade idea's for us to take. One was from the demand zone where price reversed previously, The other is what we are currently in. Price dropped through the demand area and then we got a lovely re-test. Currently sitting in 160 pips in profit. There is a big demand area below where the TP zone is. So a good place to take profit or hold to see what happens at that zone. If it breaks through that and the trend then we could see further downwards price action. Update to come next week, have a good weekend all. GLIYF
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    #29     Feb 19, 2021
  10. Lee-Bax

    Lee-Bax

    Good mornign all, new week begins. Happy to be reporting EURAUD gave us the extra push overnight to achieve out TP zone. Price hit trend and is currently sitting in a weekly demand zone . 240 pips bagged on this trade so a good start to the week. Theres a couple of trade idea's ive got for this pair. One is a reversal from this demand area. We could easily push up from here but still in a downtrend so wait for daily close on that one. Ideally a drop through demand will clear space for a further push south. So sell on the re-test of that break. price could squeeze in this corner so trade the winning direction. GLIYF
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    #30     Feb 22, 2021