Analysis:
Bullish Confluences
Bearish Confluences
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Bullish Confluences
- Longer term upwards trend
- Retest of a key level
- Upwards trendline touch
- EUR is the strongest major currency whereas the USD is the 3rd strongest major currency
- 12K short position decrease for the EUR
- 6K long position decrease for the USD
Bearish Confluences
- 14K long position decrease for the EUR
- 1K short position decrease for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active:
Our entry requirements have been met and our order has been filled. We are long on this pair expecting to see the USD fall towards the end of the week which would push price higher on EURUSD.
Trade closed: stop reached:
Trade Closed
(-1R) Lost
After Trade Comments:
This trade was one of those annoying ones that we've mentioned so many times in the past. Price was going in our favour and everything was looking good but we ended up having some USD strength and we saw price make a move to the downside, eventually stopping us out. We did everything in accordance to our plan so this trade is perfectly valid, price just didn't go in our favour which happens sometimes. Recently we have taken a few losses in a row and it may seem that we've lost our edge but this isn't the case at all. We've got trades which are running in great profit but because the RR is high it takes longer for our target to be reached. Whilst our wins are few, they far outweigh our losses. This just goes to show that you don't need a high win rate to be profitable. You can have a low win rate and a high RR and still be profitable. Let your winners run and cut your losses early. Trust the statistics for your plan and don't deviate from your tested strategy just because you've taken a few losses in a row. Trust your plan and stick to it and if you do that and if your strategy is profitable you will be profitable. It may not be straight away and you may take many losses in a row but if you let your edge play out then you will be profitable in the long run. It's like a casino, they have a 2% - 3% edge which doesn't sound like a lot but that'sall you need. That slight edge over the market. One day they could lose loads of money because someone wins big but they don't care or worry about that because they know at the end of the year they would of made far more then that one lossing day or week. This is the same for trading. Let your edge play out and trust your strategy!
Stay Safe - The JPI Team
(-1R) Lost
After Trade Comments:
This trade was one of those annoying ones that we've mentioned so many times in the past. Price was going in our favour and everything was looking good but we ended up having some USD strength and we saw price make a move to the downside, eventually stopping us out. We did everything in accordance to our plan so this trade is perfectly valid, price just didn't go in our favour which happens sometimes. Recently we have taken a few losses in a row and it may seem that we've lost our edge but this isn't the case at all. We've got trades which are running in great profit but because the RR is high it takes longer for our target to be reached. Whilst our wins are few, they far outweigh our losses. This just goes to show that you don't need a high win rate to be profitable. You can have a low win rate and a high RR and still be profitable. Let your winners run and cut your losses early. Trust the statistics for your plan and don't deviate from your tested strategy just because you've taken a few losses in a row. Trust your plan and stick to it and if you do that and if your strategy is profitable you will be profitable. It may not be straight away and you may take many losses in a row but if you let your edge play out then you will be profitable in the long run. It's like a casino, they have a 2% - 3% edge which doesn't sound like a lot but that'sall you need. That slight edge over the market. One day they could lose loads of money because someone wins big but they don't care or worry about that because they know at the end of the year they would of made far more then that one lossing day or week. This is the same for trading. Let your edge play out and trust your strategy!
Stay Safe - The JPI Team