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mlawson71
Sep 10 2017 at 11:29
1487 posts
Mohammadi posted:
 I really want to trade with Exotic pairs but it seems the spreads of them is unthinkable high, it is range from 4-30 pips. If only the spread is lower I will do it , but right now I still prefer EUR/USD and GBP/USD or JPY/USD which have better spreads it is usually less than 3 pips.


Which exotic pairs are you interested in? What prompted your interest in them?

snapdragon1970 (snapdragon1970)
Sep 10 2017 at 14:51
1944 posts
38steps posted:
Check out the Weekly chart for eurgbp. The weekly resistance around the 0.90000 area has yet to be tested as support. On the daily chart there is a clear level just above this area which is about 50% of the recent leg higher. This is a level I will be looking to exit shorts and potential try to enter long. Basically, I think there is still about another 100 pips of downside before looking for signs that we will bounce.


90263 has to be tested first,if you look back on the monthly, if we get down as far as 0.90 it will be taken out to the next support.

"They mistook leverage with genius".
38steps (38steps)
Sep 11 2017 at 06:30
2 posts
snapdragon1970 posted:
38steps posted:
Check out the Weekly chart for eurgbp. The weekly resistance around the 0.90000 area has yet to be tested as support. On the daily chart there is a clear level just above this area which is about 50% of the recent leg higher. This is a level I will be looking to exit shorts and potential try to enter long. Basically, I think there is still about another 100 pips of downside before looking for signs that we will bounce.


90263 has to be tested first,if you look back on the monthly, if we get down as far as 0.90 it will be taken out to the next support.


Yes Kieran, if you look at the charts I posted, this all ties together with the daily chart doji, the close of which is 0.90416. This is 'just above' larger scale support.

There are no shortcuts - not a single one, no matter how clever you think you are.
mlawson71
Sep 11 2017 at 15:12
1487 posts
Either way, it's time for short positions, I think. My TP is at 0.9050.

snapdragon1970 (snapdragon1970)
Sep 11 2017 at 16:56
1944 posts
90750 is making a line of support, weather it holds or not we just have to wait and see,UK news tomorrow so we will probably get lower till then,another hour might see a clearer direction.

"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Sep 11 2017 at 16:57
1944 posts
Starting to like the look of this bottom,stop loss is tight as possible

"They mistook leverage with genius".
CrazyTrader (CrazyTrader)
Sep 12 2017 at 11:07
1718 posts
I should have added to my short as planned...
Now we have a GBP news in few hours:
0.90 doesn't hold, next support is 0.8750
If market rebounds from here... well it could be double top @ 0.93 where I won't forget to Short

mlawson71
Sep 12 2017 at 13:58
1487 posts
Now I regret I closed my short position at 0.9050. I want to open a new one but I concerned it might be a little too late for that.

snapdragon1970 (snapdragon1970)
Sep 12 2017 at 16:43
1944 posts
One thing about trading there will always be loads of opportunities,cant always be right ,better to be long from a bottom if the view is mostly euro positive, Ive had a few small losses on the way down ,but I know Ill wipe out those losses on the way up.

"They mistook leverage with genius".
Buddah5698
Sep 13 2017 at 13:54
16 posts
EURGBP is totally messing with me right now. Long term trend look up but price keeps on going lower

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