Night Owl™ Euro Currency Profit Attainment

Night Owl

Staff member

With the attainment of Delivery Profit Target C at 1.10340 following the elected Night Owl™ faded long Jun 6E price array line at 1.09950, the long 6E price array posted by me for this 5/28/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

Faded @ line election – 1.10110 at 0:20 -> targeted exit price at 1.10510 faded Target C;

Faded secondary line election – 1.10060 at 3:11 -> targeted exit price at 1.10450 faded Target C;

Faded secondary line election – 1.10000 at 3:54 -> targeted exit price at 1.10390 faded Target C;

Faded secondary line election – 1.09950 at 4:26 -> targeted exit price at 1.10340 faded Target C;

Faded profit target attainment – 1.10340 at 9:12.

As I have encouraged many times, you also might consider adding to your position at the ~ line as part of your nightly trading routine and then trail a stop on those extra contracts. If you’ve considered doing this, I suggest adding about 1/3 of whatever your normal entry lottage is.

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 Jun 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