Monday, 14 March 2011

short EURGBP



It's not quite perfect trade but I've took it.

Some bearish divergence, MACD histogram decreasing and possible retrace to the 50-100 SMA area, with this time bigger risk/reward ratio.

So Short EUR/GBP @ 0.86504, SL 0.87050 (55 pips), TP 0.85550 (95 pips)

3 comments:

  1. Hi, kingich,
    I noticed this divergence too, but took a SL because of weekend gap. Good luck on this.
    How about Your trading results, is gooing up? Are You publishing them somewhere maybe?

    Regards

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  2. Hi Darius,

    yeah I know it's quite a slow pair, it also hit daily bollinger band and droped back down, as tested previous highs also. We'll see, there's nothing sure :-)

    Yeah, I'm my weekly trade results recap, you can find them on the blog, from the last week results are http://mytradingway.blogspot.com/2011/03/last-week-recap.html

    thanks for reading me

    best regards,

    ivan

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  3. P.S. Shame it stopped you on market opening, and then closed a gap and went south... I'm not happy with overweekend positions also, trying to end up my trades within one trading week.

    ReplyDelete