EUR.GBP

[peat]

things have certainly changed since my last post....
but am trying a long here from .6838 - will give this only 20 pips stop at this level --- 1 pip = 1.8 USD and must not forget the PPC rule. Preserve precious capital (even in demo)

[peat]

the tight stop hasnt been hit....
the first sign now of the turn beginning to happen , a 20 pip uptick

[peat]

nope maybe not

[peat]

long at 92.
looking for a bounce.

[arco]

Morning Peat

I sink you haf been reading my mind again

I was checking this one out yesterday, and put it on the short
list for a possible reversal signal appearing in the near future.

It looks like the EOD may provide a Bullish Engulfing, so once I have the download from Rooters @ 11 am I will be checking all factors and considering a position.

Wish you good luck with this trade..... and you are currently in the green

regards - arco

[peat]

if I'm going to read anyones mind yours seems like a good one heheh

from a technical perspective I think what I've seen on the daily is a descending triangle with 5 (or more) waves that hopefully has completed.

[arco]

Hi Peat

I'm looking at it as a Falling Wedge Pattern...........

Example.





regards - arco

[peat]

i've added at 6701
MPPP support at about 6692

[peat]

wasnt very ambitious with my 2nd position so had a tp set at 6718 , thats done now. Am still holding the other , up 40. twas a good night then , perhaps that course didnt do me any harm, one of the phrases he used was borrowed from Tony Robbins "If you cant , you must"

[peat]

Closed one of the three contracts I now had open on this at 6754, the original contract + 64 now. Its good to bank some tho - even with Eur Jpy taking a hit today this pair is making up for it and more