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kieran (snapdragon1970)
Mar 12 2018 at 19:20
posts 1948
mlawson71 posted:
I am so glad now I did not open that long on Friday. 😲

89 level was expensive ,needed to come down again to old levels,bouncing between 2 levels for now.
"They mistook leverage with genius".
Baldo (BaldoN)
Mar 13 2018 at 15:24
posts 522
EUR/GBP - Price test at 0.8820/25 may looks good for another long with relatively tight stop and target around 0.8920/30
mlawson71
Mar 13 2018 at 16:32
posts 1487
Double bottom at 0.8850, maybe now is the time for that long. 😁
kieran (snapdragon1970)
Mar 13 2018 at 22:35
posts 1948
Trump imposing tariffs on 100 Jhina goods AND another sacking , will be interesting tomorrow at market open,one Trader reports no more cheap duck sauce.
"They mistook leverage with genius".
Baldo (BaldoN)
Mar 14 2018 at 13:25
posts 522
EUR/GBP - is forming a kind of pennant formation. Break below 0.8845 my open the way for short term sell with target around 0.8800/05 :)
kieran (snapdragon1970)
Mar 14 2018 at 19:00
posts 1948
Looking for a break below 88500 again ,news will move this currency,at the moment its following technical's.
"They mistook leverage with genius".
mlawson71
Mar 16 2018 at 16:43
posts 1487
snapdragon1970 posted:
Looking for a break below 88500 again ,news will move this currency,at the moment its following technical's.
The break happened, did you manage to short?
kieran (snapdragon1970)
Mar 16 2018 at 16:51
posts 1948
No I'm waiting till it hits 88 Level for a Long position,its best not to trade at the midpoint 89/88, 88500 in the middle, support levels usually broken when its been tested a few times.
"They mistook leverage with genius".
mlawson71
Mar 17 2018 at 14:20
posts 1487
snapdragon1970 posted:
No I'm waiting till it hits 88 Level for a Long position,its best not to trade at the midpoint 89/88, 88500 in the middle, support levels usually broken when its been tested a few times.

Good point. It should reach that level next week.
the_who
Mar 18 2018 at 05:55
posts 256
The pair is very bearish since last week. Soon will test the support provided by 50% Fibo around 0.88.
kieran (snapdragon1970)
Mar 18 2018 at 16:34
posts 1948
Some revision work fixed and floating exchange rates .
"They mistook leverage with genius".
mlawson71
Mar 20 2018 at 07:47
posts 1487
It looks like it may stay below 0.8800 this time.
kieran (snapdragon1970)
Mar 22 2018 at 09:58
posts 1948
Touched off 87 level,stronger data on the UK side and weaker for EU area ,continue to keep an eye for strong support.
"They mistook leverage with genius".
ElbowMusic
Mar 22 2018 at 12:35
posts 13
Approaching 0.8690 sup/res line. I'm going long if there is resistance here
kieran (snapdragon1970)
Mar 23 2018 at 19:11
posts 1948
On the 4hr chart its looking good for Longs for next week,I will be keeping track of support/resistance areas,on another topic I have been taking a looking at Sentdex analysis.
"They mistook leverage with genius".
kieran (snapdragon1970)
Mar 27 2018 at 22:58
posts 1948
A place for Trading Reg info updates is the ESMA site.
"They mistook leverage with genius".
Development101
Mar 28 2018 at 11:53
posts 13
Did you see the new regs on leverage etc in the EU? Could cause a lot of problems
kieran (snapdragon1970)
Mar 28 2018 at 17:47
posts 1948
Yes ,making it more difficult for Traders to find opportunities,I used to trade stocks on a regular basis until they lowered leverage,increasing margin ,widening spreads etc,used to get dividends on certain stocks,closing positions etc.
"They mistook leverage with genius".
Pandapaws
Mar 30 2018 at 12:36
posts 13
Do you think it will push people into other trading areas? I'm not sure what else is a good as forex
kieran (snapdragon1970)
Mar 30 2018 at 15:02
posts 1948
Pandapaws posted:
Do you think it will push people into other trading areas? I'm not sure what else is a good as forex

Yes for sure Traders are always seeking better returns and less restrictions,new markets usually means more volatility too,problem with forex the more that trade the majors the less volatility.
"They mistook leverage with genius".
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