Finally giving it (another) go

[Edinburgh Trader]

First two clues if it might fail would be price back over 93 and then 6403

GL

Thanks, stop to BE in case it fails

 

[Edinburgh Trader]

Locking in 10 points, as I'm not convinced it's on the move

 

[Forexmospherian]

Locking in 10 points, as I'm not convinced it's on the move

6345 -55 might be interim support levels

Got to pop out good luck

 

[Edinburgh Trader]

17 points locked in. The 1:1 is there!

 

[Edinburgh Trader]

Stopped out with 17 points. 1:1

 

[Sonicscooter]

What was it you do for a living again ..........good luck for tomorrow.

 

[Edinburgh Trader]

What was it you do for a living again ..........good luck for tomorrow.

Cheers Sonic, and thanks for the help and support. Much appreciated

Posting here has helped me no end. Please keep the comments coming

 

[Edinburgh Trader]

Sat watching but no entry signals.
Calling it a day.
I will keep plugging away with the strategy I'm using as for the moment at least it providing some decent entries. Need to start having a look at my exit strategy. I guess I've put much more thought into entries rather than exits.
I'd also like to increase the number of trades I'm making. Two trades yesterday and two trades today. Not exactly active!
That said, I'm getting winning trades, so can't complain.
Speak tomorrow guys

 

[Edinburgh Trader]

Looking at a possible short on gbpusd. Not there yet though

 

[Edinburgh Trader]

Short looks off the cards for the time being

 

[Edinburgh Trader]

Back in front of the charts

 

[Edinburgh Trader]

Interesting action on the GBPUSD just now.
Any thoughts?

 

[Edinburgh Trader]

If we fall a bit I'd be tempted to short with a stop at 6408

 

[Forexmospherian]

Morning ET

The last couple of hrs have been slow an unless scalping for small pips - no trade zones

The GU was a nice scalp sell prior to the opens and now above 6392 and 6400 is in a scalp buy mode - needing above 6410 and 16 to be carry on a bit higher

Below 6389 and then under 80 and 75 - you are back in scalp sell land

GL

Regards


F

 

[Edinburgh Trader]

Rising, but I just don't think there's any strength in this

 

[Edinburgh Trader]

Morning ET

The last couple of hrs have been slow an unless scalping for small pips - no trade zones

The GU was a nice scalp sell prior to the opens and now above 6392 and 6400 is in a scalp buy mode - needing above 6410 and 16 to be carry on a bit higher

Below 6389 and then under 80 and 75 - you are back in scalp sell land

GL

Regards


F

Thanks as ever for your thoughts F

 

[Forexmospherian]

Rising, but I just don't think there's any strength in this

Session structure is actually bullish

That only disappears under 6380 and say 6360 then we are back in down bias

 

[Edinburgh Trader]

Would you not get bearish if we out 6392?

 

[Forexmospherian]

Would you not get bearish if we out 6392?

Yes - but only for scalping

I can also trade from an interim top or bottom with very tight stops if in time windows etc but only maybe for 1 to 7 pips

I prefer and favour 7 to 25 pip waves so to get RRs of 2 to up to 4 or 5

I therefore only scalp in no trade zones whilst awaiting breakouts for new rallies etc

 

[Edinburgh Trader]

My guess is that 6414 holds and we start heading back down.

Please note I trade what I see, not what I think!!!