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kieran (snapdragon1970)
Jul 26 2017 at 20:02
1948 posts
Still holding my long position in profit, two small losses earlier ,one good trade 89136.
"They mistook leverage with genius".
kieran (snapdragon1970)
Jul 27 2017 at 10:08
1948 posts
Picked up some pips on this trade,closed out last night ,today it looks like another RE test of 89150 .
"They mistook leverage with genius".
kieran (snapdragon1970)
Jul 27 2017 at 16:39
1948 posts
Have a long on this eur/gbp trade from 89120, 89500 TP area .
"They mistook leverage with genius".
mlawson71
Jul 28 2017 at 14:26
1487 posts
The pair is so overbought already and yet so bullish. I both want to open a long and I am wary of doing it. I can't make up my mind. 😕
kieran (snapdragon1970)
Jul 28 2017 at 17:37
1948 posts
speculative buyers, traders jump on the same wave ,price can move up even when its overbought.
"They mistook leverage with genius".
kieran (snapdragon1970)
Jul 28 2017 at 18:36
1948 posts
mlawson71 posted:
The pair is so overbought already and yet so bullish. I both want to open a long and I am wary of doing it. I can't make up my mind. 😕
Always a risk or opportunity , the way I look at it is what's the odds of it hitting 90 today ,quite slim unless we see major news upset, then take a look at how much its moving each day roughly, sometimes I get knocked out twice before I get the entry right, that's fine as long as I keep small losses and larger gains.
"They mistook leverage with genius".
mlawson71
Jul 29 2017 at 12:39
1487 posts
snapdragon1970 posted:
mlawson71 posted:
The pair is so overbought already and yet so bullish. I both want to open a long and I am wary of doing it. I can't make up my mind. 😕
Always a risk or opportunity , the way I look at it is what's the odds of it hitting 90 today ,quite slim unless we see major news upset, then take a look at how much its moving each day roughly, sometimes I get knocked out twice before I get the entry right, that's fine as long as I keep small losses and larger gains.

Good point. I didn't open that long after all, I decided it's better to wait for the new week and just rest over the weekend. I hope you're having a good weekend too!
kieran (snapdragon1970)
Jul 29 2017 at 16:53
1948 posts
Yeah better to have a chill over the weekend, some nice beer! almost end of month too, might see some exciting moves as investors throw more money on the table.
"They mistook leverage with genius".
mlawson71
Jul 30 2017 at 11:52
1487 posts
That's exactly what I am doing. Preparing for the next week too, because there will be plenty of news to cause whipsaws on the market.
kieran (snapdragon1970)
Jul 30 2017 at 22:47
1948 posts
Monday morning is going to have some UK and EU data, might catch some pips.
"They mistook leverage with genius".
mlawson71
Jul 31 2017 at 14:12
1487 posts
It's just developing a very tight range, despite the data. I'm waiting for a bigger movement.
kieran (snapdragon1970)
Jul 31 2017 at 15:09
1948 posts
EUR/USD on the move which usually means opposite for EUR/GBP, 1.18 in sight for a possible short.
"They mistook leverage with genius".
mlawson71
Aug 01 2017 at 11:57
1487 posts
Later this week there will be Bank of England news, so there'll be plenty of volatility when that happens.
kieran (snapdragon1970)
Aug 01 2017 at 12:26
1948 posts
Yeah Eur/GBP in limbo for now, just trading EUR/USD today.
"They mistook leverage with genius".
kieran (snapdragon1970)
Aug 02 2017 at 09:51
1948 posts
Just looking through the data Euro still bullish,Asia session pushed Euro a bit lower against USD then rebounded,hearing on the grapevine CAD/JPY interest is building.
"They mistook leverage with genius".
mlawson71
Aug 02 2017 at 12:38
1487 posts
EUR/USD seems to be in a limbo too, for the moment at least, but at least the overall trend is much more clear than the EUR/GBP one.
kieran (snapdragon1970)
Aug 02 2017 at 12:44
1948 posts
Looks like eur/gbp is making a break out needs to break 89500 and find support though, will wait for eur/usd to retest 1.18 before id take another long.
"They mistook leverage with genius".
kieran (snapdragon1970)
Aug 02 2017 at 15:50
1948 posts
Eur/USD didn't bottom to where I was expecting, still caught 20pips on Eur/gbp.
"They mistook leverage with genius".
Aleixo1
Aug 03 2017 at 09:56
12 posts
Just went long. I think it will bounce off the 0.8922 support
kieran (snapdragon1970)
Aug 03 2017 at 10:06
1948 posts
We have BOE in an hour, I will wait need to break 89650 otherwise still looks like down trend on 1hr chart, good luck!
"They mistook leverage with genius".
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