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DislikedI used the last pattern projection for my TP and I do not know it will make it but if it does it should be around 200 pips or so I think.
--NMIgnored
DislikedYou got me again NM
I only see a total move on E/G of 97 PIPs since 00:00GMT Friday. Looks like 80 PIPs right now. Can you straighten me out please? (again)
Ignored
DislikedYou got me again NM
I only see a total move on E/G of 97 PIPs since 00:00GMT Friday. Looks like 80 PIPs right now. Can you straighten me out please? (again)
Ignored
DislikedHere is kind of a snapshot of where I entered and where I moved my stop too. The long blue diagnal line was my target line which has not quite been hit yet, so far 30 pips from where I wanted it to go..
--NM
P.S. Would help if Uploaded the pictureIgnored
DislikedOK, got that part, thanks. Was confused about the 200 PIP target you were talking about.Ignored
DislikedYou trade over the weekend?
Isnt that against the cardinal rules? Just asking.
CHECK out the H4 on EUR/GBP...that trade, just broke that major daily low...0.8850(on FRIDAY). Retraced, and bounced off it...should be a nice downtrend. You can see the same thing on the DAILY.
I think there is a measured move TP at 0.8796 and another one at 0.8740. depending on where you started drawing the FIB...just my two cents.Ignored
DislikedYeah, i was short EUR/GBP too at LONDON OPEN BREAKOUT at 0.8817.
risked 15pips. made 1:2 risk/reward, given that the ADR = 60. ADR-PT = 0.8770. i used the M30/5MINS breakdown. the trend fits nicely at that time frame.
it was a choice between that and GBP/USD, GBP/CHF at london open. This is the time-- when you have to choose between two or three valid setups...this is the time that currency strength indicators can tip the balance in deciding which one to choose.
Anybody tried out hector's currency strength indicator yet?Ignored
DislikedI assume your entry was around the point of my blue line (0.8817) and your stop at around my red line (0.8826). Good that it worked out for you, but as you were probably aware, you still had to go through a retracement trendline. Kind of risky trade.
Yeah, I also have that indicator, it's pretty useful as you pointed out for choosing the best setup, if you have several correlated pairs involved.
best regardsIgnored
DislikedYou trade over the weekend?
Isnt that against the cardinal rules? Just asking.
CHECK out the H4 on EUR/GBP...that trade, just broke that major daily low...0.8850(on FRIDAY). Retraced, and bounced off it...should be a nice downtrend. You can see the same thing on the DAILY.
I think there is a measured move TP at 0.8796 and another one at 0.8740. depending on where you started drawing the FIB...just my two cents.Ignored
DislikedI seen that currency strength indicator and I have a one but not as nice as that one, mine only has the a few of the majors on it. It works but it is missing quite a bit compared to the one you have.
--NMIgnored
Dislikeddon't get overexcited on the eur/gbp. Now sitting right at weekly support. Wait for it to breach that support, then search for shorts again.Ignored
DislikedYeah, i was short EUR/GBP too at LONDON OPEN BREAKOUT at 0.8817.
risked 15pips. made 1:2 risk/reward, given that the ADR = 60. ADR-PT = 0.8770. i used the M30/5MINS breakdown. the trend fits nicely at that time frame.
it was a choice between that and GBP/USD, GBP/CHF at london open. This is the time-- when you have to choose between two or three valid setups...this is the time that currency strength indicators can tip the balance in deciding which one to choose.
Anybody tried out hector's currency strength indicator yet?Ignored
DislikedYes it is, that is why I was saying if it breaks that level my TP is 200 pips from there.
--NMIgnored
Dislikedyeah I think it's still gonna go down to 0.8750 than bounce off, but who knows. Anyways, just make sure it's a free trade, then you don't have to worry.Ignored