Carrying on from my previous GBPUSD trade
which would've been a real nice trade
had i not been skeptical about the entry.
However, that's the game.
Looking to get in on this and ride it until the previous high
(1.25695) is taken out.
starting to use a smaller stop (30 pips)
reasons are:
strong/simple equity management
allows to put more capital behind the...
Some accumulation happening
likely to break out to the upside
some fairly even lows forming at the bottom
if they're taken out my order will get filled
and then hopefully a nice break to the upside
ECB interest announcement in around half an hour
there shouldn't be any change therefore a sell off takes place
price gets volatile nearer the announcement so thats the reason for no stop loss.
If price can get back to 0.76200
then I feel its a great entry to be short
This idea comes from the recent no change in interest rates
No change = Sell :)
Never really trade the short time frames,
never really been good at judging them,
however price is fractal so ill give it a shot.
Price swept the liquidity on the lows
clearing out the stops (shown by trend line)
Target is an area i feel it should reach back into
for price stability.
Looking to get in at 113.206, this price is beneath the recent lows, I'm looking for it to clear these out and then move on down to around the 106.860 area. I wont be discouraged if it takes a little while to get to that point, however I strongly feel it will get to that area and fill in the previous inefficient price movement.
Optimal Entry - 113.206
Stop Loss...
Looking for yesterdays big range to get filled in,
giving me the ideal entry I'm looking for.
Risk reward is great on this one,
have other trades running so will probably use smaller lot sizes to manage risk.
Trying to catch some decline in this pair before the pound weakens and sells off.
As always this is just an idea and as many of you know, anything can happen.
Haven't been looking at gold Recently, which is why Im so late to catch this move,
however i feel it still has room to move and I hope i can get in to capture the rest of the move.
So, the recent decline we've seen since 07/11/16 looks fairly efficient on the DAILY.
However, It looks quite nice on the WEEKLY and appears as it wants to return to the low of a...
Possible retracement to fill the liquidity down into 1.32000 for a nice institutional level, beneath there lies a nice area of accumulation before the rally up off the trend line, this being the area I'm looking for it to return to and therefore fill the liquidity inefficiency and hit our target.
Risk Reward isn't too bad on this one, worth taking the chance for...
