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EUR/GBP
Ahli sejak Sep 12, 2015
1948 hantaran
Mar 31, 2017 at 13:55
Ahli sejak Sep 12, 2015
1948 hantaran
Yeah I always have tight stops it place 2% at most, I was away for Lunch ,good thing I had my stop in place.
"They mistook leverage with genius".
Ahli sejak Dec 11, 2015
1487 hantaran
Apr 01, 2017 at 11:24
Ahli sejak Dec 11, 2015
1487 hantaran
snapdragon1970 posted:
Yeah I always have tight stops it place 2% at most, I was away for Lunch ,good thing I had my stop in place.
I'm glad then. This is why I always advocate for people to use stop loss.
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 01, 2017 at 16:32
Ahli sejak Sep 12, 2015
1948 hantaran
Yeah you can look for other opportunities once you have your stop loss in place and you know exactly how much your willing to lose ,if it goes against you. I know some traders that trade without stop losses ,sometimes you can be very lucky and it will pull back if your entry is close to equilibrium ,unfortunately what we think is the right price isn't always what the banks think. If your looking to build wealth best to keep losses small.
"They mistook leverage with genius".
Ahli sejak Dec 11, 2015
1487 hantaran
Apr 02, 2017 at 11:15
Ahli sejak Dec 11, 2015
1487 hantaran
snapdragon1970 posted:
Yeah you can look for other opportunities once you have your stop loss in place and you know exactly how much your willing to lose ,if it goes against you. I know some traders that trade without stop losses ,sometimes you can be very lucky and it will pull back if your entry is close to equilibrium ,unfortunately what we think is the right price isn't always what the banks think. If your looking to build wealth best to keep losses small.
I couldn't agree more. Trading without a SL has always seemed like such an unnecessary risk to me. Unexpected spikes and pullbacks are always possible, often they're large enough to cause serious trouble if you don't have a SL set.
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 02, 2017 at 12:04
Ahli sejak Sep 12, 2015
1948 hantaran
I was always taught to trade spikes on extremes or on pullbacks ,wait for them to occur then go long or short, BB is a useful indicator for this kind of trading, there is a good method for not getting caught out most of the time.
"They mistook leverage with genius".
forex_trader_338100
Ahli sejak Jun 21, 2016
898 hantaran
Apr 02, 2017 at 13:46
Ahli sejak Jun 21, 2016
898 hantaran
Soon the election in France and Germany, now he is talking about Frexit😕
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 02, 2017 at 17:24
Ahli sejak Sep 12, 2015
1948 hantaran
besttools posted:
Soon the election in France and Germany, now he is talking about Frexit😕
Le Pen will never get to run France, too much opposition.
"They mistook leverage with genius".
Ahli sejak Mar 23, 2017
36 hantaran
Apr 03, 2017 at 07:27
Ahli sejak Mar 23, 2017
36 hantaran
The three-day losing streak in the EUR/GBP appears to have come to a halt this Monday morning in Asia.
The cross was last seen trading around 0.8513 handle. The UK manufacturing number due later today is expected to show the pace of expansion in the activity ticked higher to 55.1 in March from the Feb figure of 54.6.
Currently, EUR/GBP is trading at 0.85075, up + 0.26%, having posted a daily high at 0.85214 and low at 0.84897.
EUR/GBP Technical Levels:
A break above 0.8555 (100-DMA) would expose 0.8582 (50-DMA + 5-DMA) and 0.86 (zero figure). On the other hand, a breakdown of support at 0.8485 (Friday’s low) would open doors for a sell-off to 0.8450 (Feb 13 low) and 0.8422 (Feb 23 low).
TREND INDEX:
Bullish
AVG SELL PRICE:
0.0000
AVG BUY PRICE:
0.8623
RECOMMENDATION:
BUY
The cross was last seen trading around 0.8513 handle. The UK manufacturing number due later today is expected to show the pace of expansion in the activity ticked higher to 55.1 in March from the Feb figure of 54.6.
Currently, EUR/GBP is trading at 0.85075, up + 0.26%, having posted a daily high at 0.85214 and low at 0.84897.
EUR/GBP Technical Levels:
A break above 0.8555 (100-DMA) would expose 0.8582 (50-DMA + 5-DMA) and 0.86 (zero figure). On the other hand, a breakdown of support at 0.8485 (Friday’s low) would open doors for a sell-off to 0.8450 (Feb 13 low) and 0.8422 (Feb 23 low).
TREND INDEX:
Bullish
AVG SELL PRICE:
0.0000
AVG BUY PRICE:
0.8623
RECOMMENDATION:
BUY
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 03, 2017 at 10:45
Ahli sejak Sep 12, 2015
1948 hantaran
I took a quick Long at the open last night and closed out at 1.25, it has retested the 85100 level which to me is a bullish sign ,I'm Long until I see weakness.
"They mistook leverage with genius".
Ahli sejak Dec 11, 2015
1487 hantaran
Apr 03, 2017 at 11:49
Ahli sejak Dec 11, 2015
1487 hantaran
I took a long too, right after the market opened and closed it once it recovered the gap it opened with, at 0.8520.
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 03, 2017 at 12:48
Ahli sejak Sep 12, 2015
1948 hantaran
That's a logical trade you did, just need to break 85400 last high 85350.
"They mistook leverage with genius".
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 04, 2017 at 05:57
Ahli sejak Sep 12, 2015
1948 hantaran
Early move on Eur/gbp
"They mistook leverage with genius".
Ahli sejak Dec 11, 2015
1487 hantaran
Apr 04, 2017 at 10:07
Ahli sejak Dec 11, 2015
1487 hantaran
I took out another long just now, I think it will climb back to 0.8570.
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 04, 2017 at 22:28
Ahli sejak Sep 12, 2015
1948 hantaran
86200 looks favourable ,so much for all the negative posts for Euro.
"They mistook leverage with genius".
Ahli sejak Feb 12, 2016
522 hantaran
Apr 05, 2017 at 08:57
Ahli sejak Feb 12, 2016
522 hantaran
EUR/GBP - The pound rises after the UK news and most likely will continue to lead the pair down to 0.8515/20.
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 05, 2017 at 09:45
Ahli sejak Sep 12, 2015
1948 hantaran
Nice short trade over night ,see some support at 85400 to take it back up to 85900 ceiling.
"They mistook leverage with genius".
forex_trader_338100
Ahli sejak Jun 21, 2016
898 hantaran
Apr 06, 2017 at 13:24
Ahli sejak Jun 21, 2016
898 hantaran
Momentum above 0.8570 level could get extended towards 0.8595-0.8600 region (200-day SMA), above which a bout of short-covering has the potential to lift the cross back towards mid-0.8600s horizontal hurdle. On the downside, 0.8540 level now becomes immediate support, which if broken is likely to accelerate the slide back towards the 0.85 handle, en-route 0.8480-75 support area.
Ahli sejak Sep 12, 2015
1948 hantaran
Apr 07, 2017 at 10:50
Ahli sejak Sep 12, 2015
1948 hantaran
Went Long on EUR/GBP this morning helped by the negative data out of the UK, we are beginning to see how weak pound is on any negative Data.
"They mistook leverage with genius".
Ahli sejak Dec 11, 2015
1487 hantaran
Apr 08, 2017 at 10:57
Ahli sejak Dec 11, 2015
1487 hantaran
snapdragon1970 posted:
Went Long on EUR/GBP this morning helped by the negative data out of the UK, we are beginning to see how weak pound is on any negative Data.
I agree, I think it will rally back up to 0.8600 next week.
forex_trader_354005
Ahli sejak Aug 22, 2016
183 hantaran
Apr 09, 2017 at 06:07
Ahli sejak Aug 22, 2016
183 hantaran
Bulls would be eyeing for a sustained momentum beyond 0.8570 immediate resistance, above which the cross is likely to extend the up-move towards 0.8595-0.8600 region (200-day SMA) before darting back towards mid-0.8600s horizontal hurdle. Meanwhile, weakness back below 0.8530 level is likely to accelerate the slide back towards the 0.85 handle, en-route 0.8480-75 support area.
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