It seems to me that eurgbp on the daily chart can be ready for another move to the downside. If the breakout is confirmed, I intend to go short.
Have to wait and see.
Have to wait and see.
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DislikedYes, we really should avoid touch trades on shorter TF during London.
Lesson learnt
BTW: the GJ trade looks nice
Cheers
AndreasIgnored
Dislikedyep, if you are in it, be sure to take some off at the close of the daily candle, at least that's how I will do it.
cheersIgnored
DislikedYes, I also have not planned on holding this trade for a long time.
As long as GU is at a supply level GJ probably will have a hard time to move much higher?
Cheers
AndreasIgnored
Dislikedgood reasoning. But I think it is best to not assume anything. As you saw I went short on ej and long gj, which are highly correlated. If I had to choose among those two setups, I for sure would have chosen the unprofitable one.
Thus I don't assume anything, if I see a buy on my charts I buy, if a sell then I sell, no matter how the other pairs look like.
Otherwise, if you try to get confirmation from every correlated pair, you will end up not trading at all or overanalyzing.
Keep it simple, that's the message. Trading is already difficult...Ignored
Dislikedhehe, already wondered where everybody went
well,
1. not sure what you mean with pullback there. it should go to a major S/R level (my pink areas), then will probably sit there for a while. Then we wanna see price breaking the minor S/R level (my blue lines) created by price sitting there.
2. yes, that's basically it. Again I would just search for the minor S/R level to break.
makes more sense?Ignored
DislikedHi Custos
Here is the chart to illustrate my point 1
the main chart is Daily and the enlarge portions are H4.
cheersIgnored
DislikedHi All ,
I am interested in touch trades by custos and after reading the treads , still don't understand . can you help by posting a few simple charts .
ThanksIgnored
DislikedIt looks like GBPUSD has an opportunity for a touch trade on D1.
With an Supply level sitting on top I will risk a 1% trade
Cheers
AndreasIgnored
DislikedIt seems to me that eurgbp on the daily chart can be ready for another move to the downside. If the breakout is confirmed, I intend to go short.
Have to wait and see.Ignored
DislikedHi All ,
I am interested in touch trades by custos and after reading the treads , still don't understand . can you help by posting a few simple charts .
ThanksIgnored
DislikedYes, I sold way too earlier.
From what I see best time for reversals/exhaustions seem to be during New York lunch?
Cheers
AndreasIgnored
Dislikedyou gotta love these. eur/gbp m15
Trendline coming down, trendline leading up, nice horizontal level and a nice strong move away from the level.Ignored