Ichimoku_Trader
Long

EURGBP Planning Chart (July 11-15)...

FX:EURGBP   Euro / British Pound
610 10 37
///Last week, I published 9 Pistachio charts .. all of them were within the limits of the plan///
H4 Pistachio charts are for weekly trade planning. These charts are not intended for trading. They are meant to align you with the market by giving you the direction of the market ( bullish / bearish / ranging) and the expected limits where price should move during the week.
Try to trade with the trend by waiting for price to go into the buy/sell zone before taking a position according to your trading style. Also, be realistic in your targets by using the target zone as a possible area where price could correct or even reverse.
Note: Some weeks you will notice that price will trade against my trend direction but will never break the market limits. That is just a sign that market is in a correction phase
** You can access all my Pistachio charts by clicking the 'PCP tag on my page
Comment: MONDAY EVENING BRIEFING:
waiting to enter the buy zone
Comment: TUESDAY MI-DAY REVIEW:
I'm not expecting a deep retracement on this pair, so let's start watching for entry signals
Comment: looking for a signal
Comment: let's see tomorrow...
still going down, no signal for buy yet
Reply
I'm on this one
Reply
on which time frame are you looking for ?
Reply
H4
+1 Reply
If EURUSD short tomorrow as you said, but long GBPUSD. This idea will not work then.
Reply
lol
ok
+1 Reply
xiiimik Ichimoku_Trader
Interesting. Why you think it might work?
Reply
actually, I don't consider correlation when I trade
It confuses me...
+1 Reply
xiiimik Ichimoku_Trader
Would you enter long AUDUSD and long NZDUSD? As I see it. The problem is that this kinda of trades increase risk, probability is higher for simultaneous losers or winners. Since you are experienced in trading, I wonder why you do not consider correlations.
And if you take for example long AUDUSD and NZDUSD, how you manage your position sizing? Twice less for each than normal position sizing?
Thanks. Too much questions)
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