Forex price action trading

Closed my position at 1.2472 for a profit of 47 pips. Going short at 1.2472 stop at 1.2510.

14 trades, Profit: 607 losses: 131 pips P/L: 466 pips
10 winners, 4 losers.

 

Just reversed to see the market going up :-( It looks like I lost sync with the market. We will see how it acts this afternoon and may change my trades. If it trades below 1.245 I will add to my short, if it trades above 1.2492 I will close my position and try to go long again!

 

Don't feel that way.

Some are interested. Keep posting.

 

Thanks Vas, glad to see you interested.

 

Here is the trade:

 

It's testing upper line of that triangle formation right now.

 

Shorted one more position at 1.2482, I will scalp this one so that the first will be a free ride if possible. Stop 1.2510.

 

That upper trendline rejection works well so far.

 

When do we trade at parity? New multiyear lows likely.

 

It may happen within two years.