U.S. Dollar / Euro forum
EURUSD Trading is a marathon, not a sprint. Losses can be discouraging, but they are part of the path to mastery. Stay committed to your plan, and remember that perseverance through tough times will lead to eventual success.Risk Management: Key to Trading Success
Effective risk management is the cornerstone of successful trading, serving as the primary defense against market uncertainties. The fundamental principle is to never risk more than 1-2% of your trading capital on a single trade.
This approach ensures that even a series of losing trades won't significantly impact your overall trading capital, allowing you to remain in the market for longer periods and maintain emotional stability during challenging times.
Position sizing and stop-loss placement are crucial elements of risk management. By carefully calculating position sizes based on your account equity and maintaining consistent risk-reward ratios (preferably 1:2 or higher), you can create a sustainable trading approach.
Setting stop-losses at technically significant levels, rather than arbitrary points, helps protect capital while respecting market structure. Additionally, implementing partial profit-taking strategies at predetermined levels helps secure gains while letting winners run.
The psychological aspect of risk management cannot be overlooked. A well-structured risk management plan helps traders maintain discipline, avoid emotional decisions, and stick to their trading strategy.
By focusing on protecting capital first and viewing profits as a byproduct of good trading practices, traders can build consistent and sustainable results over time. Remember, successful trading is not about making maximum profits on every trade, but about preserving capital and making calculated decisions that compound into significant gains over time.
EURUSD Losses are not failures; they are stepping stones to improvement. Reflect on your trades, identify patterns, and refine your approach. Embrace the process, and let your experiences shape you into a more disciplined trader.EURUSD Trade Idea:
Sell Setup (Intraday):
Entry: 1.05787
Stop Loss: 1.05837 (+5 pips)
Take Profit 1: 1.05687 (-10 pips)
Take Profit 2: 1.05587 (-20 pips)
Risk:Reward = 1:2, 1:4
Reason for Entry:
Price at key resistance level
Bearish momentum on lower timeframe
Clear risk management levels
Multiple technical confluences at entry point
Note: This is a trade idea based on technical analysis. Always manage your risk and use proper position sizing.
EURUSD EURUSD EURUSD 19Nov24 Daily Analysis based on Main Key Levels
Daily Current Market Price (DCMP): 1.05860
Swing High: 1.09374
Swing Low: 1.04963
Support Levels:
1.04996
1.04449
1.03564
1.05494
1.05312
1.05019
Resistance Levels:
1.06766
1.07313
1.08198
1.06555
1.06262
1.05881
Key Level: 1.05787-1.05881
Trade Recommendations:
Swing Buy Trade:
Entry: 1.04996
Stop Loss: 1.04449
Take Profit 1: 1.05881
Take Profit 2: 1.06766
Swing Sell Trade:
Entry: 1.05881
Stop Loss: 1.06766
Take Profit 1: 1.04996
Take Profit 2: 1.04449
Analysis Summary:
Current price (1.05860) is positioned near the key resistance level at 1.05881, suggesting a critical decision point. The recent swing high at 1.09374 and swing low at 1.04963 indicate a broad trading range, with current price action testing the upper boundary of the immediate consolidation zone.
EURUSD *EURUSD 18Nov24 Analysis Based on Pivots Method*Daily Current Market Price (DCMP): 1.0542
Key Levels Summary:
Swing High: 1.09374
Swing Low: 1.04963
Weekly Pivots Analysis:
R3: 1.08198 (Resistance)
R2: 1.07313 (Resistance)
R1: 1.06766 (Resistance)
PP: 1.05881 (Resistance)
S1: 1.04996 (Support)
S2: 1.04449 (Support)
S3: 1.03564 (Support)
Trade Suggestions (Based on Weekly Pivots):
Swing Buy Trade:
Entry: 1.04996 (Weekly S1)
Stop Loss: 1.04449 (Weekly S2)
Take Profit 1: 1.05881 (Weekly PP)
Take Profit 2: 1.06766 (Weekly R1)
Swing Sell Trade:
Entry: 1.05881 (Weekly PP)
Stop Loss: 1.06766 (Weekly R1)
Take Profit 1: 1.04996 (Weekly S1)
Take Profit 2: 1.04449 (Weekly S2)
Analysis Summary:
Current price (1.0542) is between Weekly PP and Weekly S1
Weekly pivot points showing clear structure
Trade suggestions strictly follow weekly pivot levels
Risk management aligned with pivot structure
Note: These suggestions are based purely on technical analysis using weekly pivots. Always use proper risk management before executing trades.
EURUSD 💠EURUSD 15Nov24 Technical Analysis Summary Key Levels Summary:
Swing High: 1.09374
Swing Low: 1.0450
Weekly Resistance 3 (R3): 1.10343
Weekly Resistance 2 (R2): 1.0937
Weekly Resistance 1 (R1): 1.08769
Weekly Pivot: 1.07795
Weekly Support 1 (S1): 1.06822
Weekly Support 2 (S2): 1.06221
Weekly Support 3 (S3): 1.05247
Swing Buy Setup (Below DCMP)
Buy at Support: 1.05247 (Support 3)
Stop Loss: 1.0450 (Swing Low)
Take Profit 1: 1.0622 (Support 2)
Take Profit 2: 1.0682 (Support 1)
Reason for Entry:
The price is near the lower support zone (1.05247), and this level corresponds to Support 3 on the weekly pivots. This level has held up as support previously and aligns well with the Swing Low at 1.0450. Given that this support level is below the DCMP, it offers a favorable opportunity to buy if the price approaches or bounces from this level. The risk-to-reward is favorable with multiple targets above.
Swing Sell Setup (Above DCMP)
Sell at Resistance: 1.0937 (Resistance 2)
Stop Loss: 1.0950 (Above Resistance 2)
Take Profit 1: 1.0877 (Resistance 1)
Take Profit 2: 1.07795 (Pivot Level)
Reason for Entry:
The price is near the Resistance 2 level (1.0937), which aligns with the Swing High at 1.09374 and is above the DCMP. This level is expected to act as a strong resistance zone, especially as it's below the Resistance 3 (1.10343), and the price has shown previous rejections at this level. A short position is ideal here with a clear stop loss and reasonable targets below.
Technical Analysis Summary:
DCMP: 1.0556
Swing High: 1.09374
Swing Low: 1.0450
Key Support: 1.05247 (Weekly Support 3)
Key Resistance: 1.0937 (Weekly Resistance 2)
Use Weekly Pivots (Blue) for entry points and Daily Pivots (Orange) for reference.
EURUSD Intraday Sell Trade Setup for EUR/USD (Entry Price: 1.05942)Trade Setup: Sell EUR/USD
Trade Idea: Sell EUR/USD near 1.05942 (Resistance Zone)
Reason for Entry: The current price is approaching the 50% Fibonacci retracement level near 1.05942, which aligns with a strong resistance zone. This level has shown previous rejection points, suggesting that sellers may enter at this price point. Additionally, the 50% Fibonacci retracement is often a key reversal area in trending markets. Given these factors, the 1.05942 level presents an ideal entry point for a short position.
Trade Entry: 1.05942
Stop Loss: 1.0620 (above the 50% Fibonacci level, providing room for minor market fluctuations)
Take Profit 1 (TP1): 1.0530 (near the 61.8% Fibonacci retracement, which is a strong support zone)
Take Profit 2 (TP2): 1.0500 (next major support level)
Key Levels Recap:
Resistance Zone: 1.05942 (50% Fibonacci retracement)
Support Levels: 1.0530 (61.8% Fibonacci retracement), 1.0500 (next support level)
Summary of Trade Idea:
Sell Setup: Enter near 1.05942, targeting 1.0530 and 1.0500. Stop loss at 1.0620.
This trade setup is based on the confluence of the 50% Fibonacci retracement and a strong resistance zone identified from price action. Always ensure to monitor price behavior around this level for confirmation of the trend reversal.
EURUSD Intraday call Eurusd and Gbpusd….Book full profit sell call....
Trend change....
Buy Max Eurusd 1.0497 range to New high 1.0568 1.0600today....
Buy Max Gbpusd 1.2630 range to New high 1.2717 1.2750 today....
EURUSD Intraday call Gbpusd….Book full profit sell call....
Trend change....
Buy Max Gbpusd 1.2630 range to New high 1.2717 1.2750 today....
EURUSD I welcome any questions or differing opinions you might have. The market is designed to be fair, and with the right analytical skills, you can achieve profitable outcomes. However, without a solid understanding, losses may occur. While some may see short-term success through luck, sustainable profits rely on thorough market analysis. Please don’t hesitate to reach out if you need clarification—I’m here to support you!Trade Setup : Sell
Trade Entry: 1.0605
Stop Loss: 1.0620
Take Profit 1: 1.0590
Take Profit 2: 1.0580
Reason for Entry: The price is near a significant resistance level, suggesting a potential reversal point in line with daily market trends, where sellers may take control.
EURUSD I invite you to share any questions or concerns you may have. The market operates on principles of fairness, and with effective analysis, profitability is achievable. Yet, without understanding, losses can occur. Short-term luck may favor some, but reliable profits depend on accurate market insights. Don’t hesitate to reach out if you need assistance!Trade Idea: Sell
Entry Price: 1.0695
Stop Loss: 1.0715
Take Profit 1: 1.0670
Take Profit 2: 1.0650
Short Reason for Entry: The market is encountering resistance near this level, supported by bearish signals on the daily chart, indicating potential downward movement.