EUR/GBP - What a great pair to trade!

hello.. perhaps i should clarify what it is that i mean to say here...

when i state that it is my opinion that the bias is up now, i mean that the price is going to go up.

i dont know, time will tell.

but i tell you what, if it drops thru the floor like you say it is going to, then you are right and i was wrong.

ok?

thank you.

could go both ways. could take on 7860 once again, but still I'm only going to reload short, now comfortably short from way above, could make money both short and long anyway.

i am suggesting that it CAN NOT go both ways, but that it can only go upwards at this point.

i would be interested to know the specifics of your short trade details, if you are ok with providing this information..

if I was to take a LONG I'd wait for a break above 7760 and TP @ 7860 +90 points. I'm actually short this since WP and moved SL to BE. If we break above 7760 I'd wait for 7860-80 rejection and go short. could be today could be friday.

asgcorp,

good luck with your short trade.

see you on friday.

I don't have any trades open for this pair. In 2 - 3 hours we have major interest rate/stimulus decisions. That's when the major moves will take place. Also spreads will widen considerably during the conference so watch out...

ok good luck to you also bro, just don't trade against the trend.

i woke up and my 970.xx account had partially margin called, leaving me a balance of 940.xx, but i also had a fairly substantial profit to go along with it that balanced things out.

$200.00 profit gained.



my interpretation of things might sound a bit like bs, but that is not my intent, not at all...

so here goes.... my indicators combined value is now at the middle of the road, sortof... it could now go either up or down.. which i do realize sounds like nonsense, but my position is that it is able to go either north or south...

i will now wait for a griddable position, which means that i will be backed into a corner, like i was earlier today.

also, my definition of cornering the market might differ from your definition of cornering the market and might be different from the dictionary definition of cornering the market, but my definition of cornering the market means that i am in a position where it can pretty much only go in one direction.... it can only push itself harder into the corner or it can come flying out of the corner.

kindly notice that my trading efforts will very rarely include the use of words like maybe or should or ought to or a trend is forming or smart traders do such and such..... but instead my trading efforts are usually backed up with cash, my cash, no matter how small my account may or may not be, and will rarely include a bunch of fluffy words and suggestions to others regarding what i think that they should or should not do or what they might do or might not do...

bias is now in either direction, therefore my recommendation to self is to take a nap.

have a nice day.

bias = 0.8000

current price is approx 0.7836

bias is in the direction of 0.08

bias is not in the direction of 0.76

overall market force is to go long.

Thought I'd better post this here as I posted it on another thread:

bias is 0.80

my bias is short towards 7650 then 7520 and long term new low below 6930

balance: 1174
profit: -30
equity: 1144
margin used: 130
free margin: 1015

note: solid red line indicates breakeven price.

bias=0.80

Resumed uptrend from 10th March low.
Now retracing (may be deep), while the potential is up ............... Holding onto longs.

the shorts crowd just got slaughtered.

phk em and feed em fish, i say...

approx six percent profit bagged...

balance went from 1174 to 1253...

hittin it again...

bias is northbound.

the euro pound is a serious game to play...

especially with no stoploss order...

danger level extreme...

takeprofits are set at 0.80

bias is long.

edit: two withdrawls have been deducted from my balance... one for $75.00 via ach and another for $125.00 via wire xfer of which i will actually receive one hundred dollars allowing for them to charge me $25.00 for them to wire funds back to me.

bias is 0.80

all systems are go.

I think EUR/GBP is going to retrace next week, it is up against its weekly 200 sma and a double top on the daily chart.

I quite like the strong rejection of .7700 we had on the 10th March, now we are having another run at .7846. Shorts are closed and .7846 is a good number to have a daily close above. That will make me more confident.