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Thread: EUR.GBP

  1. #1
    action-reaction arco's Avatar
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    Default 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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  2. #2
    action-reaction arco's Avatar
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    Default


    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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  3. #3
    action-reaction arco's Avatar
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    Default


    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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  4. #4
    action-reaction arco's Avatar
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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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  5. #5
    action-reaction arco's Avatar
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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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  6. #6
    Legend peat's Avatar
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    Default

    a gartley here
    For clarity, nothing I say is advice....

  7. #7
    Legend peat's Avatar
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    Default

    auto closed +15
    For clarity, nothing I say is advice....

  8. #8
    action-reaction arco's Avatar
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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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  9. #9
    Legend peat's Avatar
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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....
    For clarity, nothing I say is advice....

  10. #10
    action-reaction arco's Avatar
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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.
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