imho the break out of the gray area is not significant enough for a big bounce. This is my sequence in a chart. image

EUR/GBP - What a great pair to trade!

for me 1670 is the obvious place to buy. image

The Really Useless Thread

Excuse me for interrupting. 1860 is mid to 2166 imho it may be heading there.

The Really Useless Thread

missed by 5 pips. cancelled. too risky now. .8835 is next in my sequence. image

EUR/GBP - What a great pair to trade!

I think i may be wrong here. a reciprocal and the 50% fib level align perfectly on .90191 this means tight stop possible. target = .8835 ish. it would be nice if EU 1.1880 would hit at the same time. image

EUR/GBP - What a great pair to trade!

NL25EUR i don't know what it means. image

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mistake: Always use a stop loss. If something happens you will not blow your account. Then if your stop loss is hit, forget about the setup. You do not want to engage in revanche trading.

The Really Useless Thread

I am good, thanks. UJ i have a pending short @ 115.12 Will check the RUT thread.. cheers..

PTLs Next Generation Levels

I have .7476 want to short ej to 117 ish.. don't have a level though. maybe 135.83 but this could be the top. image i might try 134.19/38 for these reasons image could become a triple top. image

PTLs Next Generation Levels

I wasn't here while the order expired. I did not think it would still happen. I screw up like that. this one too, its traumatic. I could have been more accurate.

EUR/GBP - What a great pair to trade!

.8996 could be a first turning point. Technically its not a bat since point B is wrong. But the other points are correct and there is an ABCD pattern. image

EUR/GBP - What a great pair to trade!

If .8835 happens its a buy. After that .9142 is a sell. After that .8577 a buy.

EUR/GBP - What a great pair to trade!

really.... did not get it... expired image right now .8833 ish is a buy..

EUR/GBP - What a great pair to trade!

bat still possible. image

The Really Useless Thread

Perhaps.. I have pending buy at .8816. sl .8809 its normal before .887

EUR/GBP - What a great pair to trade!

ok. I got stopped out though after area got respected for a few hours. got to respect the stop loss... if some more convincing bulls come in usually 0.881 gets revisited.

EUR/GBP - What a great pair to trade!

here a chart. Am bullish atm. I'd buy a retest of the gray square with a sl below it. so 10 pips risk. image

EUR/GBP - What a great pair to trade!

I think 0.858 is desired before 0.94. but the bears also want 0.815. It seems 0.914 is a place to short towards 0.858. That will be my strategy. In the mean time i will look to long toward 0.914.

EUR/GBP - What a great pair to trade!

The last candle first it went up. then down. image

The Really Useless Thread

Will try short gu @ 3158 I posted the long term reason before. reason is its a decision point to be tested. image zooming out to 4h chart we see the same happened before in this tf. image

The Really Useless Thread