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".
EUR/GBP - Price test at 0.8820/25 may looks good for another long with relatively tight stop and target around 0.8920/30
Double bottom at 0.8850, maybe now is the time for that long. 😁
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".
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 :)
Looking for a break below 88500 again ,news will move this currency,at the moment its following technical's.
"They mistook leverage with genius".
snapdragon1970 posted:The break happened, did you manage to short?
Looking for a break below 88500 again ,news will move this currency,at the moment its following technical's.
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".
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 pair is very bearish since last week. Soon will test the support provided by 50% Fibo around 0.88.
Some revision work fixed and floating exchange rates .
"They mistook leverage with genius".
It looks like it may stay below 0.8800 this time.
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".
Mar 22 2018 at 12:35
Approaching 0.8690 sup/res line. I'm going long if there is resistance here
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".
A place for Trading Reg info updates is the ESMA site.
"They mistook leverage with genius".
Mar 28 2018 at 11:53
Did you see the new regs on leverage etc in the EU? Could cause a lot of problems
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".
Do you think it will push people into other trading areas? I'm not sure what else is a good as forex
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".
