Hi Timetells EURUSD is my primary trading market I trade so let’s for fun post a few charts this week to see if we can spot some unusual activity occurring this week.
The no spread cost of trading this pair makes trading Liquidity imbalances a very profitable venture for me.
The issue is always volume and activity.
Will they offer us enough activity and price expansion to be able to profit tonight.
I have my targets already marked and waiting for London open.
Lets see how it plays out. CheersIgnored
I always enjoy viewing your charts and look forward to what you can show us this week.
Yes the lowest spread of all the pairs does make EU the attractive option, when trading/scalping "in the phone booth" as both you & I do
(you more so from what I have read about how you trade).
Kev (Bluey) just PMd then reminding me that all spread numbers are actually variable and what might look locked as a zero spread can in fact incur some spread costs.
I have shown my marked targets for the week ahead, but i dont (necessarily) trade AT those targets. I will look for trades towards to targets (either hi or lo) and do that as market movement transpires.
EU I do imagine will range this week (I CAN be very wrong tho lol, its not a tip that I am making) aand if so gives scalpers playing reversals from the peaks & troughs some nice potential opportunities.
If EU price drives higher or lower than one of my targets early in the week, I will re-assess my initial thoughts.
I actually trade as price shows me a NOW directional confirmation, so its a bit like opening a wrapped chrissy present for me - I do not know what is inside yet or which way price will move
all the best pal