PearsonFX Trades

Thanks Tom

I appreciate that, and I think it is great to see someone else who has the drive to post their ideas of trades here too.
[email protected]

talk with you tomorrow/later

Zack

Go get some sleep
Tom

206.70 for those that took the 207.50 short It shouldn't be stopping here though

I closed my gb/us for a loss of 70 pips, my eu/us is still open but I am 110 pips down with no trendlines to hit it is difficult to know where or if it may turn round.
I have opened gb/uds long at 20256 target 20495
What is your take on this
Tom

Understandable....

it went in our favor, then was turned around...twice....

I have been watching the market very closely. On the 4 hour Charts I am ready to go short. This goes for both Euro and Pound.

How did you fair on the G/J short?

Zack

For those that are still on my other trades....

Active Orders:

SHORT at 1.5034 - T/P-TBA (EUR/USD)
SHORT at 1.4881 - T/P-TBA (EUR/USD)
SHORT at 1.9731 - T/P-1.9680 (GBP/USD)
LONG at .9299 -T/P -.9600 (AUD/USD) - CLOSED at .9365
LONG at .9360 - T/P-.9800 (AUD/USD) - CLOSED at .9365
LONG at 2.0054 - T/P-2.0331 (GBP/USD) (16 lots) (Hedge) - CLOSED at 2.0275
SHORT at 1.9680 - T/P - 1.9530 (GBP/USD)
SHORT at 1.9634 - T/P - 1.9530 (GBP/USD) (4 lots)
SHORT at 1.9613 - T/P - 1.9530 (GBP/USD) (4 lots)
SHORT at 1.9541 - T/P - 1.9530 (GBP/USD)
SHORT at 1.9469 - T/P-TBA (GBP/USD)
SHORT at 1.9460 - T/P-TBA (GBP/USD) (4 lots)
LONG at 211.00 - T/P-214.00 - (2 lots)
LONG at 210.50 - T/P-214.00 - (2 lots)
LONG at 210.25 - T/P-214.00 - (2 lots)
LONG at 210.00 - T/P-214.00 - (2 lots)
LONG at 209.75 - T/P-214.00 - (2 lots)
LONG at 209.50 - T/P-214.00 - (2 lots)
LONG at 208.50 - T/P-214.00 - (5 lots)
LONG at 207.70 - T/P-214.00 - (5 lots)
SHORT at 2.0275 - T/P - 1.9900 (GBP/USD) - Position Added
SHORT at 1.5560 - T/P - 1.5100 (EUR/USD) - Position Added

Pending Orders:

Be right back in a second to post my upcoming analyses on the 4 hour trades

Zack

I am still long in pound up about 20 pips, wots your thinking about a short?
Tom

I missed the g/y short, was out most of day, you were right though, spot on actually
respect
Tom

Hi Zack
I have noticed support at the 2.0270 area is that your thinking about a short?
Tom

Hey Tom....

The G/Y short? I thought you said you were in it??? I went short at 207.50

you asked me about the target at 206.70, I said at least.....and you said you were in it....darn

I am seeing major downside on the euro and pound coming up....

30 min, 1 hour and 4 hour momentum are shifting down, if not already pointing down on both euro and pound.

In addition to their extremely overbought levels, I see downside now. I am looking at a target of 2.0091 but there will be swings in between. Also on the daily chart I got my first indication of a Bearish Gartley pattern, although still is possible to mature to 2.0495, I do not see the pound going any higher than that, at least not this half of the year.

G/J I am starting to look for buys, when U/J creates a double bottom at 101.40, 20 pips away

Zack

Sorry u/J is now 10 pips away....and its a triple bottom not double

Zack

Hey Zack
What is target for e/us?
What are the signals you are getting, candle formations?
Tom

Euro, I am being more conservative...looking for 1.5492 and 1.5388

Got you on that, may I ask a question, how do you know that it wont drop more through the double/triple bottom?
Tom

I don't, but I have a lot of indications pointing up from here. on IBFX last two bottoms it stopped at 101.41 to the pip exactly....G/J is at the 50% fib from the last move north 203.70-207.70....

I am LONG on both

Zack

give me a second I will post some charts...gotta make them up though

Both dropping still
Tom

Zack
I took the trade on the u/j long at 101.36, missed the g/y
Tom

I am Long on G/J at 205.19
Long on U/J at 101.17

Target 208.00
Target 104.00

those should be good

I am not in g/y yet, bit dubious after the last move?
Tom