EUR/GBP

snapdragon1970 posted:
Eur/GBP setting up for a break out ,Long side looks favorable, min stop because we are on the high side.

I think so too. But it could also form a double top at 0.8966.

Warned about this hand over today GBP will establish a better position ,when the news fades by tomorrow we can think about Longs again.

I'm long with a 30 pip stop. Looking for a retest of 0.892, small position sizing

I have a price alert at 88 for a Long position, unless I see some major support before that best to wait.

I haven't decided yet whether I would be opening longs at 0.8800, it may drop below that level.

Sticky around 88200, I think if we break 88 it could go a lot lower but 88 is major resistance.

88600 first major ceiling for my Long position ,support at that level would be encouraging, indecision until we get some interesting news.

Heading to 0.86

If it doesn't pull back to 88,we have to go back to 2013 March to find 86 level, 85 support was April 2017,any positive Euro news will keep us above 88.

I don't think we will see it fall below 0.8700 for the time being.

Anything is possible ,its getting rejected at 88140 so far ,all we can do is use the longer time frames to trade.

Eur/GBP showing some support at 88100 level ,I took a long position yesterday evening still holding.

I closed all positions and I'll wait for Monday to open new ones.

Good discipline mlawson , I was away most of the day at a meeting, most of the chat was about Bitcoin during breaks.

snapdragon1970 posted:
Good discipline mlawson , I was away most of the day at a meeting, most of the chat was about Bitcoin during breaks.

Even I exercise occasional good judgement. 😁

All joking aside, the bitcoin situation is fascinating to me. No one believed in it just a few years ago.

I used to trade it back in 09 back then it was difficult to get any information on it and the swings were one extreme to another or dead flat for ages,I traded Litecoin too, which was less boring to trade.I had to stop trading though because of FCA rules when your employed in the business.It is getting really interesting now with futures contracts coming on board, banks are dead in the water if they don't move with the times.

snapdragon1970 posted:
I used to trade it back in 09 back then it was difficult to get any information on it and the swings were one extreme to another or dead flat for ages,I traded Litecoin too, which was less boring to trade.I had to stop trading though because of FCA rules when your employed in the business.It is getting really interesting now with futures contracts coming on board, banks are dead in the water if they don't move with the times.

The swings still seem pretty extreme to me. Look what happened earlier this week.

Yes for sure,buy the dips with little risk and high reward ,protect your capital, volatility is good if we play safe.

UK treasury looking to impose regulations on Bitcoin, Telegraph reports.
Talks tomorrow for MP May with EU, some progress over the weekend according to reports, Irish source.