EUR/GBP

Short now on eur/gbp ,I might be a bit early, looks more like a temporary pullback 124pips on eur/usd so its been a good day.

What's your TP for EUR/GPD. Do you see this as a pullback or complete reversal

There's major support down at 88600, we got a bit of a sell off at 3.45 ish which is normal day closing of positions/profit taking ,not much though, usually followed by false buy signals, most news is euro positive so doubtful a reversal.

Thanks. It looks like its turning over for the end of the New York Session. It has a positive swap short as well so I believe it will make a good intraday trade with a moderate trailing stop.

Just had a algo spike at 6.09 ,not good trading when the algo's are out still short but ill close this trade just before 7, not often Id use a trailing stop unless I'm away from pc.

Banked 15 pips off that double top

Well done, think Ill let both these trades sit for now until 10, eur/gbp looking more bearish of the two.

I got about 50 pips from the rally yesterday and I am pleased. I won't be trading this pair any more for this week.

mlawson71 posted:
I got about 50 pips from the rally yesterday and I am pleased. I won't be trading this pair any more for this week.

Great work, Ill be away from pc for the rest of the day, just set an alert for 90 to my cell phone.

I just hope that next week we can see such good moves in a single direction that can be used to trade this pair, and not more choppiness.

mlawson71 posted:
I just hope that next week we can see such good moves in a single direction that can be used to trade this pair, and not more choppiness.

Just wait for the bottoms and tops on 1HR and 4HR, some moves just before the open ,then around 9 ,11 ,1.30 ,3.30-3.45 then 5.30.
Up or down as long as we get good reward for risk.

France PMI coming up soon, just closing my short from Friday up 37pips , catch up later.

Just went long TP 89900 SL 891000 (Advanced Pattern Formation)

I shorted a little earlier today, my TP is at 0.89250 though I doubt I'd keep the short position below that.

mlawson71 posted:
I shorted a little earlier today, my TP is at 0.89250 though I doubt I'd keep the short position below that.

Good call, should see a further break down of 89250

options exp at 90 later ,I just took a long from 89300 first target 89600.

My long hit the stop loss at 89260 ,its making a bit of a bottom at 89150 any break below 89125 will be bearish.

It looks like it will fall back to 0.8875. I haven't dared to open a new short though.

There is a large option exp at 90 at 2pm GMT so we could see a pull in that direction , not to say it will happen 100% but sometimes it happens.