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Buy limit on EURGBP

Getting ready with a buy limit on EURGBP just below current prices. I cannot enter at market prices because my risk would be too high, therefore I am waiting for a retracement entry. Stop below previous low, take profit will be a 1.5036 for 1:3 ratio. Risk at 1% of my account as always.

EURGBP H8 (07-14-2016 0648)

PA going long EURGBP

A trade signal this morning on EURGBP

EURGBP

EURGBP

Another PA idea on EURGBP

Waiting for bullish pressure on EURGBP.

EURGBP

EURGBP

EURUSD stopped out, EURGBP looking good

My EURUSD trade got stopped out on a retrace, but the EURGBP is looking ok, I’ll consider trailing the stop soon.

EURUSD stopped out

EURUSD stopped out

EURGBP

EURGBP

Going long EURGBP

A trade setup has formed on EURGBP. Good upward trend, RSI has been retracing and is now up, EMA is sloping up, stop loss at previous fractal. Go long.

EURGBP long

EURGBP long

Price Action : EURGBP idea

On EURGBP wait for breakout and retest to go long and play with the prevailing market condition. Only take a short on the retrace from resistance if clear downward pressure shows up.

EURGBP idea

EURGBP idea

Just took two trades involving cable

Just entered two trades involving cable (GBP).

GBPUSD short

GBPUSD short

EURGBP long

EURGBP long

Going short EUR/GBP

Lots of trade signals tonight. Am going short EUR/GBP. Keep risk low at 1 to 1,5%. Three open positions now so I’ll add no more. One trade at risk zero.

short ichimoku signal

Short trade on EUR/GBP

Loss on EUR/GBP : -68pips

A follow-up on this morning’s setup, I’ve just been stopped out of my EUR/GBP trade. My stop level was at the fractal indicating most recent low. The trade looked good for quite some time (reaching at least R1) but quite a sharp reversal started mid-morning (actually it is voting day in the UK and the latest surveys starting giving conservatives the lead so that boosted the GBP) but I didn’t move, let the trade play. I coul dhave taken the decision to exit at the break of Kijun but wasn’t in front on my screen at that time. Anyway, rule of thumb is to keep losses small, as I mentionned in my strategy section my risk is at 1,5% most of the time so I’m perfectly fine with these lossses.

EUR/GBP Ichimoku loss

Loss of 68 pips on EUR/GBP on Ichimoku system