Night Owl™ Euro Currency Profit Attainment - 6/26 Session

Night Owl

Moderator
Staff member
DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:

With the attainment of faded Delivery Profit Target C at 1.12170 following the elected Night Owl™ short Sep 6E price array line at 1.12570, the short 6E price array posted by me for this 6/26/2020 defensive session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

A “defensive session” is one in which market elects many lines from the Night Owl™ price array before attaining its first Delivery Target C. That is, in a defensive session, Dynamic Targeting moves our targeted exit price several times to keep our exit price from becoming too far away, in case we’re on the wrong side of the market. Hence, the term “defensive session”.

A defensive session might create more work for us as a trader, due to adjustments to our targeted exit price. On the other hand, that’s better than a stop-out loss in those cases when market reaches our dynamically adjusted targeted exit price, but doesn’t ever reach our original targeted exit price.

That is what has happened today – our dynamically adjusted target exit price elected, but our original exit price never did. Thus, we avoided the possibility of stop-out for any loss.

Faded @ line election – 1.12400 at 18:16 -> targeted exit price at 1.11990 faded Target C;

Faded secondary line election – 1.12450 at 0:09 -> targeted exit price at 1.12060 faded Target C;

Faded secondary line election – 1.12520 at 4:46 -> targeted exit price at 1.12110 faded Target C;

Faded secondary line election – 1.12570 at 4:46 -> targeted exit price at 1.12170 faded Target C;

Faded profit target attainment – 1.12170 at 10:39.

Also consider taking an entry at the stop-loss line or the line in front of the stop-loss line. Doing so will improve your average entry price and increase your reward-to-risk ratio.

Night Owl™ traders should cancel any working array line limit orders in Sep 6E, E7, and M6E and remain flat until my next posting, unless you're trailing your open position with a trailing stop order.

With kind regards,
For Markusha Oil & Trading Company, LLC

Mark Ansel
Developer of the Night Owl™ Trading Model

P.S. View day-by-day Night Owl™ accuracy at the following link:

https://1drv.ms/x/s!Al-ChZGwJcUmkOtd3CnO_LLDRzmCig?e=m75NII
 
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