Short EURGBP Trade Short

Euro Fx/British PoundFXCM

Description

⋅ Jun 15, 2015 6:23 AM

A short position considering negative fundamental sentiment and technical perspective, to retest 0.70 zone :

1. Overall downtrend
2. Below Kumo
3. Below 50MA + 200MA
4. Confirmation chikou span below price

SL above 0.7261 on daily close would invalidate this scenario

You can subscribe to my mailing list for FX Alerts : eepurl.com/bp_sgP

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

EURGBP

Comments

IvanLabrie

⋅ Jun 16, 2015 2:03 PM

Rule 6, so much rule 6.
Good stuff here.

Realisto_FX

⋅ Jun 16, 2015 2:51 PM

Thanks pretty true. Patience pays off, but difficult rule to follow

Realisto_FX

⋅ Jun 16, 2015 2:00 PM

UPDATE : Reduce risk lowering SL 10 pips , to 0.7251

Realisto_FX

⋅ Jun 29, 2015 5:57 AM

UPDATE : Target met

harryfx

⋅ Jun 24, 2015 12:17 AM

great trading!

Realisto_FX

⋅ Jun 24, 2015 5:42 AM

Thanks pal

Realisto_FX

⋅ Jun 23, 2015 7:24 AM

UPDATE : Reduce risk another 40 pips . Move stop to 0.7211