yes watched that very closely and a nice s/r trade...
actually it doesn't mean that it is a sign that gu would rise and eu would be steady... it purely means that eg has a double top and can be played as that...
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well it could be interpreted the way we want to...of course, it doesnt mean that GU would rise....any of the combinations (Gu rise/eu steady, GU rise/eu fall, gu steady/eu fall etc) is possible...but when ur analysis says that EU will not be falling and could at best stay steady, a double top on EURGBP at that point would mean a GU rise....that was the situation 3 hrs back where my analysis ruled out EU falling at that time and so it had to mean that the odds of a GU rise was that much higher...this is how i trade using corelation between currency pairs...simple...
normally i hate to talk abt trades which i havent posted in real time as it tends to mislead people...but i just wanted to present this so that people understand that this is a good market if only we are ready to wait patiently...
2 simple trades overnight....just placed market orders at breakout points...1.6606 in GU and 1.4710 in EU and just left them...
they got hit...closed GU at 1.6725 and EU at 1.4864....273 pips....!!
thats why its a wonderful day...
again, believe me....its not an easy market....i could have got it all wrong if i had shorted...but just goes to show that u can make it easy for urself by being patient and by being on the side of the trend...
normally i hate to talk abt trades which i havent posted in real time as it tends to mislead people...but i just wanted to present this so that people understand that this is a good market if only we are ready to wait patiently...
2 simple trades overnight....just placed market orders at breakout points...1.6606 in GU and 1.4710 in EU and just left them...
they got hit...closed GU at 1.6725 and EU at 1.4864....273 pips....!!
thats why its a wonderful day...
again, believe me....its not an easy market....i could have got it all wrong if i...
normally i hate to talk abt trades which i havent posted in real time as...
Ignored
wow no wonder you're happy...
Looking at EU GU 1h tf charts is see both had red climax high bars at 20.00 (8pm) and these can indicate a start of an uptrend which they did.
And there's me thinking the market was flat overnight.
Worth the swap price then a... !
brilliant.
Looking at EU GU 1h tf charts is see both had red climax high bars at 20.00 (8pm) and these can indicate a start of an uptrend which they did.
And there's me thinking the market was flat overnight.
Worth the swap price then a... !
brilliant.
Ignored
thanks courtney...a quiet market is usually a precursor to a violent market later on....
