Sill holding my short, lets see where this thing take us , my order for another short from last week at 0.8987 still stand. Usdoutlaw , it looks like your bias is long and mine is short, hehehehe!!! It really doesn't matter as long as we both come out with cash lol!! It is actually possible that we can both have opposing views about the direction of the market and both of us make money
Quite wrong ... all I need is an hourly reversal indicator so I can take 500k for 10 pips ... that will make up for my losses in eurgbp thats all I want hehe
looks like a hammer is forming now near the original price the eurgbp reversed the down trend last week time to buy almost
ok it wasnt an hourly hammer ... I think its called a dragon fly which is even better (right?) Ok I opened @9013 but the 5 minute candles are not cooperating ... oh well stop @9000 (2 pips below the most recent 5min chart low) target @9041 (the estimated 20EMA on the hourly, 20EMA seems to be resistance on the hourly chart for the current hourly downtrend over the past few days) again the 5 min chart price action is making me nervous ... but the 5 min macD says the eurgbp is currently extended to the downside ... Cheers!
That's easy, just buy @0.9000, or even here at 11 for 10 pips 'take 500k for 10 pips', 50k a pip, sheeesh! :eek: Why Eur/Gbp though, bit slow isn't it? 1 pip....2 pips....tic toc tic toc.....3 pips.....lunch...4 pips 5 pips....
no its umm 5 100k contracts which is 500k so its like umm $50 a pip but since it is eurgbp its like $80 per pip with 5 100k contracts I think that is right wow this 5 minute price action is not cooperating ughh ehh front running / anticipating moves seems pretty stupid now
What, even with those previous lows? How about split the trade up, half here, half at 8985, you wouldn't have to wait long to find out if you're wrong!
ehh stupid bet lets leave it at that hourly candles obviously are not reliable here ... I looked it over more closely and hourly hammers etc dont really signal trend reversals in this pair especially in a protracted down trend I am the goat bahhhh back to the majors usd pairs