It's Really All About Consistency...

also eur

usd h1

usd d1

plan

at least to bottom of range if low tf trader

after further review of the charts, and seeing that the euro actually looked somewhat strong compared to the other currency pairs, and the GBP in fact looked the weakest.... and considering that the options on the eur/usd down arouhnd 2500 will weigh on the market today pulling the eur/usd down (and therefore, the gbp/usd will likely follow in step) and the GBP/USD has just broke a major trendline, and the risk markets seem to actually be moving to the downside right now...

I figure: euro weaker than dollar, and gbp weaker than euro = really weak gbp/usd.

That, and the trendline break, and i'm short. 50 stop, no set target, though i'll look to reduce risk or move stops to BE or something around 5450

nothing left to do now but wait and see.

P.S.not to mention that italian and spanish bond yields are up...and the spread between them and german yields is increasing... this will put weight on the risk markets as well, however, the GBP isn't nearly as net short as the euro traders are... and it's also weaker in general when compared to the AUD and NZD.... so, i'm short

X

ft the only downside as pointed ut to me is usd lfx ,lfx jpy is H+S patterns on h4 have a look ,please be aware ,also the trades are against lfx weekly as is NZD lfx d1 attached

but with monthly,tricky

this one looks so clear tho to me

now im thnking price has gone up and stopped right on break out this is good for bears ,if price then went up and took break candle I think I would exit ,I am wrong ,I read story 3 time s at top rejected break tl ,favour is to the bears

price is moving bearish

Seems u and I both saw the same thing here on GBP/USD... you short on it Bones?

now this is how I see , I am happy that price is moving bearish ,I dont trade h1 btw

THIS IS NOT A 30 pip trade

Ya, I know, i'm short now as u probably read. I'm a but bummed I forgot to cancel my asian session long order... but with a little luck the short I have here shyould make up for that mistake. The upward trendline was hit 4 times prior to breaking, and other than the upcoming greek elections and a fear that shorts will be hurt, I see little reason for the GBP to move up against the USD today or tomorrow...

X

Ah, ya.. very nice. I sold there too... lol... just didn't hold it like you did. Although, I should have in retrospect of course, lol.

Well, here's to a weak GBP

X

usd ,I am mindful of bearish set up ,but I hope monthly last month says all we see is consolidation before next big move ,close outside triangle to top is what I wait for ,price will fly

cool FT ,you know im just trying to show you how I think,maybe you can take somthing from it as I have you ,since you shared so much

I have been down 35k this week currently 6.5 k in green I really want that to break up ,lol (usd lfx h1)

No, that's great Bones, and I haven't really said it yet, but I really do appreciate it. In the short time i've seen your chart work, i've seen it work out really well... in fact, I like your attention to the longer TF's, like the weekly, monthly, etc. I don't pay as much attention to those as I should, and seeing your take on it all is very helpful, so thanks, and feel free to post more up any time.

it took me a little while, but i'm seeing much better how your looking at things... a lot of TL breaks, retests, rejections, etc... with a deeper top down analysis than I generally do myself... I like it.

X

cool ft ,now im 10k in profit ,(real )

Im trading £800 per pip across 6 pairs ,generally jpy long ,usd long

300 pips min is what I want

look gbp jpy

look ,