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EUR.GBP
One of my systems has triggered a
short on the Eur.Gbp .
I would prefer to see dual confirmation,
however there is often a decent day trade
available from this signal.
Please note. My intention is not to offer any form of investment or trading advice whatsoever. The system I have detailed above could easily fail miserably at any point. If you choose to follow this system be aware that you do so entirely at your own risk and that I cannot be held responsible for any losses incurred.
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Update.
Nice fall so far on this one since inception and has
been up as low as .6697 from open 17/3 @ .6767
2nd and 3rd signal have kicked in now, so looking
for a little more, and as usual IMO its always good
to take 100 points profit on 50% of the position if
available, letting the balance ride with a trailing stop.
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Update.
Continued fall on this one since inception @ .6767
and has been up as low as .6652 from open 17/3
In these situations IMO its always good to take the 100 points
profit on 50% of the position and let the balance ride
with a trailing stop. (Max 115 so far)
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Update.
Continued fall on this one since inception 17/3
@ .6767 and closed lower overnight at .6644
Total move 123 pips so far with 100 already in the bag.
Possible support area just ahead so keeping awarness on that.
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As I mentioned yesterday the action was
around a possible support area, and that
proved to be the case with a long white.
So the stop was hit just above CBL2
@ .6700 for 67 pips on the 50% balance,
and 100 pips previously from the first 50%
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>>>>>>>>>>>
Here's one on the radar for a possible turn.
BF potential reversal zone.
Its fighting the recent trend so scalping may be the
way to go initially.
arco
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currently short +52 !
but yeh on the 3 hour its looking oversold so will close out....
should've held the original one that only got me 15 missed out on 50 along the way....
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>>>>>>>>>
Eur.Gbp gave a maximum of circa 40 pips for scalpers yesterday, and overnight the action has headed south and may be forming a Gartley/BF which could give further scalping opportunities.