Hi Guys, this sell looks like a good one, considering there is bigger correction in play on the daily and weekly chart.
Trade with care Thank you for your support.
Comment
⋅
Good Morning Traders, I just woke up to a lot of crazy comments on the post. If any is going to quote me please do so accurately. Here is what i said."If you don't have a STRATEGY to trade breakout trades then DON'T TRADE." If you ask where to enter don't trade it . If you ask where is the strop don't trade it. If you ask is it a break out don't trade it. This all means you don't have a plan and no strategy so you are not ready to be a trader. You are not ready to take responsibility for your actions. Win or lost, you should be ready to take responsibility because you should have done the necessary testing ands know that your strategy allows such . My post is only giving you a sense of direction as yo where my analysis say it should go .
i dont understand why you guys selling eurgbp. the fundamental is buy on this and overall trend is buy. tell me why look for sell setup????
nxtleveltrader
⋅
Anything that you can call fundamental is priced into the structure, if you trade based on market structure, you dont need to worry about trends, 'resistance' etc. Anil's webinars and youtube videos show what market structure is all about, give them a try.
indianlover100
⋅
I am still in this trade with a loss.Can I close this trade?Please help.
nxtleveltrader
⋅
If you do not have a tested and successful trading strategy then my friend you should not be trading at all, you will blow your account in no time. This is analysis not trade calls.
LeGrice
⋅
i do appreciate the work of anilmangal very much; he is a much better trader than i am and i do accept that; but what i do not understand is how a spike that on all gbp pairs almost simultaneously takes off at almost the same time should be something that is only related to structure (even if this time it was the wrong direction)
i m still convinced that there is something that doesn t care about sctructure, waves, fibs, or whatever - (but i m only a novice trying to understand what is happening on the charts)
nevertheless it is undoubtful that this kind of trading shows marvelous results if you do really understand it...
burrr
⋅
its all about rules
ODFTrader
⋅
Why do people have to say something- just to say something ''Pride is an ugly thing''
Look at every chart Mr. Anil has posted on Tradingview and one will see consistencies. Instead of being jealous, then appreciate that there is one person who is committed to teaching us amateurs a thing or two. Thank you Mr. Mangal for your free knowledge and helping me becoming a better trader.
His trading style is based of ''Elliott Wave Theory'' and that means there are ''STRICT RULES'' one has to be familier with and if all ''The Einsteins around'' have problem with his strategy- then stay away and leave the gold for us.
MartinVlaev
⋅
yes, what about the macd divergence?
Dinkan
⋅
He just said that sell the breakout. That simply means, right now it is not to sell, if it breaks out the yellow line there is a possibility to sell. When it breaks out and the divergence is still there you can put this question. Right now, we see if it breaks out.
MartinVlaev
⋅
ok, about 10 pips below the yellow line, the divergence is still there :) Is it a break out?