After finding resistance at its 2-month high of 1.3776, the Eur/Usd made a substantial move higher. I got a clear signal using my aggressive strategy and entered a trade while the Eur/Usd was at 1.3765. I think the next resistance level will be around 1.3820. If the Eur/Usd brakes that level, I can see it going to 1.3973 before the month is over. Just in case, I am running a trailing stop loss of 38 pips.
Now, I didn't get any clear signal in my conservative strategy. There was a possible signal about 7 hours before the one I got in my aggressive strategy and which would have been incredibly profitable. However, that was at 5:00 a.m. where I live and I was sleeping. In any event, I think I can make the conservative strategy more profitable by increasing the trailing stop loss. Currently, I am setting it pursuant to an ATR(10) on the hourly chart. I will continue trading on the hourly chart but will now use the ATR(10) on the 4-hour chart to calculate my trailing stop.
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