EUR/GBP SHORT for No Brainer | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

No Brainer Trades 14,464 replies

This time... I'm Keeping MY MONEY (BRV - No Brainer Trades) 3 replies

The Koala System (No brainer) 127 replies

No Brainer Stg 3 replies

Selling USD and YEN is a no brainer. 12 replies

Attachments: EUR/GBP SHORT for No Brainer
Exit Attachments

EUR/GBP SHORT for No Brainer

  • #1
  • First Post: Edited 1:13pm Jun 12, 2008 1:11pm | Edited 1:13pm
With Double Tops At 0.8090
It Is In Down Trend And Heading For 0.7223 Target On Weekly And Monthly Charts.
Anyone Sees It Differently?
  • #2
  • Jun 12, 2008 3:32pm Jun 12, 2008 3:32pm
1/3 position enter and enter 1/3 at 0.7950 and remaining @ 0.8010
These are my long term positions (at least to hold for 2 to 3 months)
  • #3
  • Jun 13, 2008 11:53am Jun 13, 2008 11:53am
Damn, just missed my entry on 2nd 1/3 lot by 1/2 pip befor eit dropped like a rocket, oh well, still happy with my current SHORT..
  • #4
  • Jun 13, 2008 11:54am Jun 13, 2008 11:54am
Why didn't I think of that~
Trade what you see - Not what you think
  • #5
  • Jun 13, 2008 11:56am Jun 13, 2008 11:56am
Yes, don't think but just do it:-)
After all, it is a no brainer thing to do with E/G pair now , haaa
  • #6
  • Jun 13, 2008 6:25pm Jun 13, 2008 6:25pm
Long This Pair Are You Sure Luck Like Is Going All Way South To 0.7750
  • #7
  • Jun 16, 2008 8:37am Jun 16, 2008 8:37am
Of course it is heading south, see my posts.
Move SL to 0.7925 to protect profits of current position, add 3 mini lots short at 0.7883 and set SL at 0.7925.
Target 1: 0.7780
Target2: 0.7660
will close all positions at ultimate target 0.7223.
  • #8
  • Jun 16, 2008 10:13am Jun 16, 2008 10:13am
LONG G/Y
LONG G/U
and Short E/G
I see all Green coming my way. So far so good
  • #9
  • Edited 7:21am Jun 17, 2008 7:08am | Edited 7:21am
I have never seen a No Brainer in forex but this pair is now doing its 5 wave hence why it has gone up now lets see what it does
Greed Kills
  • #10
  • Jun 20, 2008 9:25am Jun 20, 2008 9:25am
This Pair is very stubborn, it survived several test of 0.7840 but failed to take it out. Long term still biases downward, am adding more SHORTS at the current level with stl set at 0.7960 , target still aim for 0.7223
  • #11
  • Jun 20, 2008 9:26am Jun 20, 2008 9:26am
Quoting Austin168
This Pair is very stubborn, it survived several test of 0.7840 but failed to take it out. Long term still biases downward, am adding more SHORTS at the current level with stl set at 0.7960 , target still aim for 0.7223
this pair has a long term trend of up. It's stalled at the top, that doesn't mean it's going up or down.
  • #12
  • Jun 20, 2008 10:26am Jun 20, 2008 10:26am
It has to retrace back to 0.618 fib which is 0.7223, I am talking about LONG TERM not day trade.
I can wait for 2 to 6 month, collecting interest while waiting for this beast to run down to the 0.618 fib area.
  • #13
  • Jun 24, 2008 11:20am Jun 24, 2008 11:20am
Short at current level with STL at 168.66
T1==>166.76
T2==>164.30
T3==>159.60
  • #14
  • Jun 24, 2008 11:51am Jun 24, 2008 11:51am
Quote
Originally posted by Austin168
Short at current level with STL at 168.66
T1==>166.76
T2==>164.30
T3==>159.60
agree with u bro
  • #15
  • Jun 24, 2008 12:32pm Jun 24, 2008 12:32pm
if the price goes from the low left to the right high on the chart,
so, where is the trend ? Drive carefully....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 17 KB
  • #16
  • Jun 24, 2008 1:19pm Jun 24, 2008 1:19pm
Will know where it heads to by tomorrow before NY session close. Bet it will be down for miore than 130 pips from current level.
  • #17
  • Jun 24, 2008 1:41pm Jun 24, 2008 1:41pm
maybe jpy-trade-balance during asia-session will be better, then expected,
so this might move a little bit lower. Also there is a larger drop for yen-crosses expected from me, but i won´t go against the trend until i see confirmation of trend-reversal. so have fun and good trading
  • #18
  • Jun 24, 2008 1:44pm Jun 24, 2008 1:44pm
see the pin bar on the hourly chart? The train is going downhill now and speed up once it go pass by the 167.80/75mark
  • #19
  • Jun 24, 2008 1:55pm Jun 24, 2008 1:55pm
yepp. I see it, hope this one plays out, but i only trade daily time-frame.
tried 1 h and 4 h, but its to much stress for me...

bearish divergence on the hourly. fine.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 13 KB
  • #20
  • Jun 24, 2008 2:02pm Jun 24, 2008 2:02pm
I trade NY time and EUR time, about 3 to 4 hours each session but always leaving some ppsitions carry over for long term targets. Am making 80 to 130 pips per session on average, yes, very stressful but profitable, also it is better than working for someone else.
0 traders viewing now