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  • #1,132,981
  • Sep 10, 2017 8:04pm Sep 10, 2017 8:04pm
Hey chaps,
I'm shorting the Fibre pair. I'm new in FX and am trying out the Average Up/Down strategy.
What's your suggestion for a good exit point?

Volume: 0.3
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Only with true heart one can see rightly
  • #1,132,982
  • Sep 10, 2017 8:24pm Sep 10, 2017 8:24pm
Quoting digger1
{quote}Id think a little higher initially, Im going be looking for a pullback to something 108, 12 ish for a bounce to 109 ish. Take a bit for this week to get going I reckon ,,,,,, lots of news from last week to filter thru
K I was 8 pips off , got a fill 108.20 , lets see where it goes if anywhere before london
  • #1,132,983
  • Sep 10, 2017 9:41pm Sep 10, 2017 9:41pm
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  • #1,132,984
  • Sep 10, 2017 11:27pm Sep 10, 2017 11:27pm
Market still fear on how Hurricans would affect the Dollar, I'm expecting the pair would extend its gain afer the correction movement. Resistance can be found around 1.2090/1.2100 zone.
  • #1,132,985
  • Sep 10, 2017 11:51pm Sep 10, 2017 11:51pm
Quoting csc2009
Market still fear on how Hurricans would affect the Dollar, I'm expecting the pair would extend its gain afer the correction movement. Resistance can be found around 1.2090/1.2100 zone.
Needs to find a support to get there from 1st,,,,,,,, hoping the selling from Fridays low will finish it off to the weekly pivot
  • #1,132,986
  • Sep 11, 2017 12:05am Sep 11, 2017 12:05am
i believe we are going back to the past, already below 2017 going to 1984 the good old days
  • #1,132,987
  • Sep 11, 2017 12:33am Sep 11, 2017 12:33am
long @ 1.2015 targeting 1.2039
  • #1,132,988
  • Sep 11, 2017 12:40am Sep 11, 2017 12:40am
Inserted Video
  • #1,132,989
  • Sep 11, 2017 1:01am Sep 11, 2017 1:01am
Quoting cvds16
long @ 1.2015 targeting 1.2039
Good chance it hits the weekly open again,,, pretty big number at 2019 tho that may be a stiff resistance point time will tell but keep your stp tight
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  • #1,132,990
  • Sep 11, 2017 1:03am Sep 11, 2017 1:03am
yes, I got a tight stop on
  • #1,132,991
  • Sep 11, 2017 1:36am Sep 11, 2017 1:36am
got out be, long gbpusd 1.3182
  • #1,132,992
  • Sep 11, 2017 1:38am Sep 11, 2017 1:38am
GDay Ladies and Gents, have a great day.
trading is simple but is simple is not easy.
  • #1,132,993
  • Sep 11, 2017 2:08am Sep 11, 2017 2:08am
Quoting ZenNy
GDay Ladies and Gents, have a great day.
I'm having a great one, because my short is still running from last week, and I had enough distance from my initial entries to throw more shorts on and abuse my broker's leverage

Targetting 1.1950, but we'll see how far we get this session.
  • #1,132,994
  • Sep 11, 2017 2:12am Sep 11, 2017 2:12am
Quoting EvilEye
{quote} I'm having a great one, because my short is still running from last week, and I had enough distance from my initial entries to throw more shorts on and abuse my broker's leverage
good for you.

I am on the side..... and going to have a cup now....
trading is simple but is simple is not easy.
  • #1,132,995
  • Sep 11, 2017 2:12am Sep 11, 2017 2:12am
1.194x is my next entry point for long. My RR doesn't let this to start the shorts, maybe if it retratrce to 1.202x I will try it with 1.1952 TP. If not I will start to build up to the next rally to 1.215x. Cheers
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  • #1,132,996
  • Sep 11, 2017 2:21am Sep 11, 2017 2:21am
Quoting ZenNy
{quote} good for you. I am on the side..... and going to have a cup now....
We might get a reversal if price action shows us one. Quite possible that one could appear in the next 45 minutes or up until London trading starts...
Not seen one yet though.
  • #1,132,997
  • Sep 11, 2017 2:22am Sep 11, 2017 2:22am
Quoting EvilEye
{quote} We might get a reversal if price action shows us one. Quite possible that one could appear in the next 45 minutes or up until London trading starts... Not seen one yet though.
Good thinking.....you must have a good Eye....
trading is simple but is simple is not easy.
  • #1,132,998
  • Sep 11, 2017 2:37am Sep 11, 2017 2:37am
Quoting ZenNy
{quote} Good thinking.....you must have a good Eye....
So far it doesn't look like it will reverse.
Only going to make a fake reverse before dropping more by the look of it.
Good time to pile in about now I think.
  • #1,132,999
  • Sep 11, 2017 2:46am Sep 11, 2017 2:46am
At the moment, the price moves down to the point of 1,19611. And if the bulls take the initiative, then most likely the price will go again to the resistance line to the point of 1.20909.
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  • #1,133,000
  • Sep 11, 2017 2:53am Sep 11, 2017 2:53am
she is in a bear channel which is a bull flag........bounced from the current day low..... now having her nose at the TL of the channel and at the PDL...
trading is simple but is simple is not easy.
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