1.0500? no way. You have to learn about trading ranges. EURUSD doesn't move that way. 100 points per week, 200-250 per month tops it. Daily we got 40-60 max range. It's a slow mover, same as USDJPY pretty much. best strategy in this market is TP10 ...

EURUSD

will review/revise later on Tuesday. 1120//1130 still a viable setup for short selling, if we get it ofc.

EURUSD

pulled the plug on EU shorts, entry was @ 1100 exit @ 1101 (-1 point).

EURUSD

if 1st entry fails we lose 5 points big deal. second re-entry 1120-1130 SL max 10-15. TP 1040//1050. So either way it's a great risk:reward setup, risk 15-20 max to get 50-80 points in 2 shots.

EURUSD

if 1100 short fails now I think we got 2 options. Either short from overhead (see chart below). and/or scale sell stops below market price (1100 minus some buffer, say 15 points). Only interested in short selling EURUSD until we get some red items ...

EURUSD

I've adjusted SL to 1105. risk 5 points max. If this fails, I will scale with sell stops below market price later. My target is 1040//1060 on Tuesday.

EURUSD

no. I don't see that impacting EURUSD price too much today. if you are scared use a 5 point stop loss (1105) and/or move SL to BE once you get 5-10 points in the trade.

EURUSD

yes

EURUSD

re-shorting 1100 SL 1115. TP open.

EURUSD

how is it going, team? Making progress with gold. Bounce very likely soon. If you missed the initial entry, selling into a bounce makes sense to me. Cluster of sell stop orders: 1490 and 1478 and 1476 big orders.

Daily Trading Ideas

pulling the plug on this setup. Revised setup - see chart below. Short selling from overhead, TP 1050. SL 10-15 max.

EURUSD

both setups killed due to pending news(data) - vote in Parliament later today (election).

High probability live trades

maybe you are right. but news/data can override any TA. So I will wait for data and check the market reaction later today before taking up any positions.

Cable Update (GBPUSD)

true. GBPLFX (GU index) is a much more appropriate measure of GU strength. So far GLFX H1 pa is locked in CZ.

Cable Update (GBPUSD)

nice. thanks for a heads up.

Cable Update (GBPUSD)

ok lets see. No one got a time for the vote today? If the Parliament sissies vote for Dec elections today, is that positive or negative for GU? I guess it's a positive outcome, if they vote for it. Anyone got other ideas?

Cable Update (GBPUSD)

Indian Hollywood.

Cable Update (GBPUSD)

election vote later today? anyone got the time for that?

Cable Update (GBPUSD)

any major updates on brex later today?

Cable Update (GBPUSD)

SSI data is mixed, but myfx is NET short, one of the arguments that bulls still got left in play.

Cable Update (GBPUSD)