I made +93 pips total on eur/gbp
- #23
- Feb 22, 2011 10:06pm Feb 22, 2011 10:06pm
Hi Buddy,
It would be good if you could put the charts on, at point of entry (or slightly after if busy) in the timeframe which you based your decision on . So more or less, the reader could gauge your rationale for entry.
Cheers,
Ken
Im glad I have someone reading my posts, I will post charts in all trades from now
thanks
Thanks Buddy!!! 
I think it is good learning also, whether the trade made it or not.
More so if the trade didn't make it, because we know what the trade decision was based on when it was entered, and what likely should have also been considered before making that trade that was left out
Oh ... don't worry if others ain't commenting. It is for your own journal and recording anyway and reference back on your good and NG trades.
I think it is good learning also, whether the trade made it or not.
More so if the trade didn't make it, because we know what the trade decision was based on when it was entered, and what likely should have also been considered before making that trade that was left out
Oh ... don't worry if others ain't commenting. It is for your own journal and recording anyway and reference back on your good and NG trades.
Long @ 0.9998
Looking for 23,6 of fibo as target (1.0106)
Lets wait and see...
Fundamentally sound trade
So far the lows are higher, but it looks top side heavy. Test 1.0161 like 4 times already. Be careful of a stronger retracement to test support on the downside before further upside moves.
I think a good exit would be around 1.0011 or 1.0026 since u are already in. Resistance at 1.0064 might be quite strong
Also fundamentally, with so much turbulence in Middle East, it is against risky asset. Check EUR out. If EUR falls, AUD is likely to follow since both are considered risky asset to USD
Still holding my shorts.
It went down 2 pips from my target and moved up. I wasnt at computer and couldn't close
Lets wait and see if 78,6 of fibo give us the down movement.
I dun trade this pair .... but EUR on USD is getting stronger on speculation of interest rate hike. unless something different come out from the speech by Trichet later .....
Technically the lows are getting higher, and is likely to test the previous high at 100% retracement. Sorrie, can't see the price.
Good luck to your short
EUR/GBP
Just pull out the chart to take a better look.
Long term in weeks, it looks like a flag after a strong upmove. From daily, it is forming higher lows at 8070, 8138, 8282. The latest is 8352. If this low holds, it will test upside for 8622. A break of 8916 would be very bullish.
But there would be a few layers of key resistance to be taken out at 8526, 8622 first before it can try for 8916.
Be careful with your shorts
Just pull out the chart to take a better look.
Long term in weeks, it looks like a flag after a strong upmove. From daily, it is forming higher lows at 8070, 8138, 8282. The latest is 8352. If this low holds, it will test upside for 8622. A break of 8916 would be very bullish.
But there would be a few layers of key resistance to be taken out at 8526, 8622 first before it can try for 8916.
Be careful with your shorts
closed @ 1.0010 (+12)
reason: pivot is holding... I still believe in a strong uptrend coming, I will buy again when pivot give us a retrace.
Give it a shot
closed @ 1.0010 (+12)
reason: pivot is holding... I still believe in a strong uptrend coming, I will buy again when pivot give us a retrace.
But u could try the long again when it retraces abt 38% to 1.0042 or 1.0025 (62%) and holds.
Cheers.
The more i look, the more i like this chart....
It looks like a Gartney Pattern to me.
Got a 79% retracement from the 1st up move (8336 to 8674)
Got a 50% retracement from the 2nd down move (8674 to 8388)
Got a 3rd down move below the previous low of 8388 .....
Took a paper trade in the Long direction when it breaks 8487, targeting the top at 8674 (TP slightly lower at 8648), SL 8429. Good profit to loss ratio.... but i seemed like a many days wait ..... i will just leave it to run
It looks like a Gartney Pattern to me.
Got a 79% retracement from the 1st up move (8336 to 8674)
Got a 50% retracement from the 2nd down move (8674 to 8388)
Got a 3rd down move below the previous low of 8388 .....
Took a paper trade in the Long direction when it breaks 8487, targeting the top at 8674 (TP slightly lower at 8648), SL 8429. Good profit to loss ratio.... but i seemed like a many days wait ..... i will just leave it to run
