GBPUSD thoughts

[willoneau]

Cheers ….. FX is currently in the "transition zone" …… No trades for me at the moment

Can you explain what you mean by transition zone?

 

[willoneau]

OK here we go first position of the week , long at 2855

 

[Triple B]

GBP AUD trying to bounce. needs to break downtrend resistance and previous high for me to go long

 

[willoneau]

When are you expecting that to come

"twilight zone"

Seeing weakness in UJ and taking profits in AUDUSD, EURUSD shorts. Not trading GBPUSD because any political news on Brexit decisions will impact currency.

out as i don't follow news peter2

 

[Triple B]

Got a target will or just close at end of week?

 

[willoneau]

Got a target will or just close at end of week?

Always close end of week as market can do anything over weekend

 

[willoneau]

You watching Tripple B ? might have support at 2850

 

[barney]

"twilight zone"

Seeing weakness in UJ and taking profits in AUDUSD, EURUSD shorts. Not trading GBPUSD because any political news on Brexit decisions will impact currency.

Hey @peter2 …. I confess I haven't traded FX for a while but saw the boys thread (Will and Triple) and got a bit excited lol ……..

Rule number 1 with FX … watch the news … or …. appreciate your input as always.

PS @willoneau .... When I said "transition zone", I was purely reacting to how the Pairs were behaving (ie. not clear) … so the "money" is positioning itself and it could go either way …

As Pete has pointed out …. News is due so "positioning" is totally expected …

In a sense I am happy that I picked that up from price action alone … but on the flip side, it tells me why I often fail at FX trading …. lack of discipline ……. I still love Forex lol

 

[Triple B]

Yep big volume . Dont forget short sellers will be covering there. I need to see double bottom then break of downtrend resistance and break of double bottom resistance before a long on these. My counter trend long rules.

 

[Triple B]

NZD CAD closed at BE. EUR CHF closed 2x R win.. woohoo back on track after week of drawdown.
Now just need gold to hit $1200

 

[willoneau]

Gre

NZD CAD closed at BE. EUR CHF closed 2x R win.. woohoo back on track after week of drawdown.
Now just need gold to hit $1200

at to hear Tripple

 

[willoneau]

Looking at 2920 and possibly 3000 but only a thought as possible targets

 

[Triple B]

GBP NZD just filled short to 1.9011 . better stop typing here so i can fill out the log! Back Soon

 

[willoneau]

GBP NZD just filled short to 1.9011 . better stop typing here so i can fill out the log! Back Soon

Still long GBPUSD but just

 

[willoneau]

Closed half position at 2852

 

[Triple B]

Did you leave any room for the second test of support? What I notice is that the short sellers cover, then selling continues as shorts try for positions above support. then as support is reached a second wave of buyers usually comes in creating a double bottom. only after that will i consider a trade. long as described above and short after support is broken, tested then rejected

 

[willoneau]

Just used my exit trigger and also reduced my risk

 

[willoneau]

If it breaks back up will go long with new position

 

[Triple B]

AUD looks ready for another short run!

 

[willoneau]

Hey @peter2 …. I confess I haven't traded FX for a while but saw the boys thread (Will and Triple) and got a bit excited lol ……..

Rule number 1 with FX … watch the news … or …. appreciate your input as always.

PS @willoneau .... When I said "transition zone", I was purely reacting to how the Pairs were behaving (ie. not clear) … so the "money" is positioning itself and it could go either way …

As Pete has pointed out …. News is due so "positioning" is totally expected …

In a sense I am happy that I picked that up from price action alone … but on the flip side, it tells me why I often fail at FX trading …. lack of discipline ……. I still love Forex lol

Barney i trade 5 minute the news will either take me out or move in my direction