EUR/GBP

We have a re test just now on EUR/USD of 18 ,I have taken a long with a tight stop

From my first day of trading I have been using EURUSD because of its comfortable trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

I think it will rally above 0.8980. I wouldn't be surprised if it reaches 0.9000, to be honest.

Comments from the EU on Brexit talks pushed Euro through 90, if it breaks higher than 90200 ill be surprised, 12.30GMT might see a change.

I closed my long at 0.9000 - I didn't dare keep it open above that. And good thing that I did, whatever profit I had would've been gone now if I hadn't closed it.

Good choice you made,usually we get a break through of just over 100 points on major areas,then look for weakness especially if the news isn't of any real concern. I didn't trade today because lack of news ,a friend bought into One coin so I'll be doing some research on it later.

snapdragon1970 posted:
Good choice you made,usually we get a break through of just over 100 points on major areas,then look for weakness especially if the news isn't of any real concern. I didn't trade today because lack of news ,a friend bought into One coin so I'll be doing some research on it later.

Onecoin is a ponzi scheme, I recommend extreme caution.

mlawson71 posted:

snapdragon1970 posted:
Good choice you made,usually we get a break through of just over 100 points on major areas,then look for weakness especially if the news isn't of any real concern. I didn't trade today because lack of news ,a friend bought into One coin so I'll be doing some research on it later.

Onecoin is a ponzi scheme, I recommend extreme caution.

Yes I hear some reports that it is a Ponzi scheme, I don't know how much my work mate has invested,I'll try to get more details from him, he did mention some guy gave him advice, if I was going to trade any crypto currency it would be Bitcoin.

News update ,MP May and David Davis is to make an unannounced visit to Brussels tomorrow,May taking control of the situation? will it be seen as a positive for GBP in the short term.

Not much happening today unless we get info on this meeting from Brussels.

Caught that little bounce ,small trade with min stop-loss ,I will hold it till the London close ,internet may go down later as I'm in the flight path.

snapdragon1970 posted:

mlawson71 posted:

snapdragon1970 posted:
Good choice you made,usually we get a break through of just over 100 points on major areas,then look for weakness especially if the news isn't of any real concern. I didn't trade today because lack of news ,a friend bought into One coin so I'll be doing some research on it later.

Onecoin is a ponzi scheme, I recommend extreme caution.

Yes I hear some reports that it is a Ponzi scheme, I don't know how much my work mate has invested,I'll try to get more details from him, he did mention some guy gave him advice, if I was going to trade any crypto currency it would be Bitcoin.

I hope your friend will be able to get out of it unscathed. :(

You never know with any GBP pair lately. One Brexit statement can cause chaos in seconds!

mlawson71 posted:

snapdragon1970 posted:

mlawson71 posted:

snapdragon1970 posted:
Good choice you made,usually we get a break through of just over 100 points on major areas,then look for weakness especially if the news isn't of any real concern. I didn't trade today because lack of news ,a friend bought into One coin so I'll be doing some research on it later.

Onecoin is a ponzi scheme, I recommend extreme caution.

Yes I hear some reports that it is a Ponzi scheme, I don't know how much my work mate has invested,I'll try to get more details from him, he did mention some guy gave him advice, if I was going to trade any crypto currency it would be Bitcoin.

I hope your friend will be able to get out of it unscathed. :(

Yeah I might be able to knock some sense into his head before its too late.

Matas21 posted:
You never know with any GBP pair lately. One Brexit statement can cause chaos in seconds!

Yeah with crazy algos picking up news its worth keeping a close eye on the news, its tested 89 twice already.

We have a nice double bottom... GBP is colapsing
2 Long EurGbp near support... hopefully I dare to remove targets above 0.8950

I missed the opportunity to open a long right at the double bottom. Now it's too late for a long and too early for a short. :(

When you least expect it to do anything that's usually the time orders are building ,89200 support would be the next possible trade Long.

I did open a long position, my TP is at 0.8950, I hope it will climb that high.