We've been as high as 109.45 over the night, now trading at 109.25.
After 40 pips in favor, I have just moved stops to lock 10 pips on small target trade (from 108.70 to 109.15) and to breakeven on longer term trade (from 108.35 to 109.05).
Good Luck!
After 40 pips in favor, I have just moved stops to lock 10 pips on small target trade (from 108.70 to 109.15) and to breakeven on longer term trade (from 108.35 to 109.05).
Good Luck!
Morning all,
Short on GBP/USD at 1.8739 after poor figures on PMI/CC plus 60 min looking bearish/oversold and is that signs of a double top? Target was 1.8660, previous low, heading that way now and next target is 1.8550.
Also short on EUR/USD at 1.2497 on similar results but watching this closely and will reverse on any further news of potential interest rate change.
Kev.
Short on GBP/USD at 1.8739 after poor figures on PMI/CC plus 60 min looking bearish/oversold and is that signs of a double top? Target was 1.8660, previous low, heading that way now and next target is 1.8550.
Also short on EUR/USD at 1.2497 on similar results but watching this closely and will reverse on any further news of potential interest rate change.
Kev.
Zenda
Well-known member
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Pretty Flat but still some Points to make
One of my best set ups is on a Flat Market this morning I set a couple of Buy and sell orders in with stops (Yellow) at 50 points - Also Limits at plus 100 points were set (purple) - this was 0830 this morning - I went on shift then and have just come back 13.10
One of my best set ups is on a Flat Market this morning I set a couple of Buy and sell orders in with stops (Yellow) at 50 points - Also Limits at plus 100 points were set (purple) - this was 0830 this morning - I went on shift then and have just come back 13.10
Attachments
Cable hit first target at 1.8660 and this gave key support all day, although this did dip to 1.8650 at one stage. Resistance at 1.8740 hit 3 times over the day. My first trade hit stop loss at 1.8680 after the 2nd bout of news from the US and after that I just kept it dead simple and followed the trend up and down this range. Great when your'e not working but quite stressful for a beginner now playing with real money!
Gave up on the EUR/USD after it failed to mirror cable (another theory blown!) and completely missed a good short opportunity.
Kev.
Gave up on the EUR/USD after it failed to mirror cable (another theory blown!) and completely missed a good short opportunity.
Kev.
EURUSD Tuesday March 16
Hello Everyone, hope you are all doing great!
7:19am GMT now, euro is trading at 1.2296/00, and its testing the break upside of a triangle on 4hour charts. I think if we break up, it may trigger the retest of the 1.2440 - 1.2500 area; if we break down, it should trigger retest of 1.2100 area. Lets sit tight and see what it is. As I am writing, its trying to break upside...
I wouldnt suggest to trade this break for a long term no matter which way, because markert doesnt seem to be confident enough for me yet...but its up to you after all. I will not be trading it - that is my call, but if at all - then with tight stop in place - 30 pips tops.
Anyway, I wish you all you have a great trading day! (and try to enjoy
Best Wishes!
Rezo
Hello Everyone, hope you are all doing great!
7:19am GMT now, euro is trading at 1.2296/00, and its testing the break upside of a triangle on 4hour charts. I think if we break up, it may trigger the retest of the 1.2440 - 1.2500 area; if we break down, it should trigger retest of 1.2100 area. Lets sit tight and see what it is. As I am writing, its trying to break upside...
I wouldnt suggest to trade this break for a long term no matter which way, because markert doesnt seem to be confident enough for me yet...but its up to you after all. I will not be trading it - that is my call, but if at all - then with tight stop in place - 30 pips tops.
Anyway, I wish you all you have a great trading day! (and try to enjoy
Best Wishes!
Rezo
FOMC rate decision today at 7.15pm gmt Mark....as for the reaction?? who knows mate, just be on your toes & wary of a poss spike!....also some U.S data out at 1.30 (gmt), so watch out for that also!........ 
http://www.dailyfx.com/calendar/Calendar.html
try the above link & print it off beg of every week....it'll give you a slant on the upcoming news events due out!!
http://www.dailyfx.com/calendar/Calendar.html
try the above link & print it off beg of every week....it'll give you a slant on the upcoming news events due out!!
Hi all,
Stop loss was hit today on the EURGBP trade. Loss of 54 pips.
I am going to sit tight and wait for developements on Majors crosses before resuming trading. Euro is mixed and as the most traded pair its dragging the whole market into same situation.
For now - no trades. most probably only next week shall I resume trading. USDJPY and its corosses (EURJPY and GBPJPY) may be a good sell. Will see. Picture is still unclear mostly o Majors.
Good Luck Everyone!
Rezo
Stop loss was hit today on the EURGBP trade. Loss of 54 pips.
I am going to sit tight and wait for developements on Majors crosses before resuming trading. Euro is mixed and as the most traded pair its dragging the whole market into same situation.
For now - no trades. most probably only next week shall I resume trading. USDJPY and its corosses (EURJPY and GBPJPY) may be a good sell. Will see. Picture is still unclear mostly o Majors.
Good Luck Everyone!
Rezo
Following yesterdays post EURUSD 240min chart triangle, we can see that even though it seemed like euro is breaking upside, it was a false attempt and now we are seeing it trying to break downside. Hopefully break will occur soon and finally give market any direction. Its not certain though, and we may still stay in range trading, slightly changing the range up or down.
Lets watch closely what is it going to be. Once again, same as yesterday, I don't suggest trading this break at the moment, but if at all, then with very tight stop loss in place.
Good Luck everyone!
Lets watch closely what is it going to be. Once again, same as yesterday, I don't suggest trading this break at the moment, but if at all, then with very tight stop loss in place.
Good Luck everyone!
