EVEN IF YOU SELL USDCAD ..THEN PUT STOP ABOVE TRENDLINE ...
so dante you short gbp and long euro andi am short chf and long gbp so why not short chf and long euro lol:idea:
two brains better than one lol
Cable looks good - 1hr pin off huge level but I probably won't take it. Looks too clean.
Instead I'm going to add some more to the Eur/GBP if this hourly IB breaks to the upside.
GBP/JPY hourly could be a good short entry into a play for a break of the significant daily TL and S/R pivot.
Can I ask you how you determine which direction you take an IB and where you would place your stop? Want to start to demo IBs, and am just a bit confused about how to determine direction.
Cheers,
Chris
I take an IB away from support or resistance.....
I don't have time for a chart example.
Got lots of orders working.
I havent read the whole of this thread, so it has probably been mentioned before, but I'm eyeing eurgbp right now to see if it can break out of this range. South through 0.8870 looks interesting (note I don't try and take a break as a given the second it gets it's nose through - give it a little room).
Yesterday was a bit of a nothing day (somewhat surprisingly imho) and the Glaxo M+A news was more important than tech levels really. That's still something to bear in mind.
Right so we have Omni short, Trader_Dante long and GammerJammer on the fence ...
I hate EURGBP! Good luck to all of you.
Anyone get short that cable on the break?
I havent read the whole of this thread, so it has probably been mentioned before, but I'm eyeing eurgbp right now to see if it can break out of this range. South through 0.8870 looks interesting (note I don't try and take a break as a given the second it gets it's nose through - give it a little room).
Yesterday was a bit of a nothing day (somewhat surprisingly imho) and the Glaxo M+A news was more important than tech levels really. That's still something to bear in mind.
Anyone get short that cable on the break?