Oh well agree with you that it was a perfect strategy trade but just my opinion here, should we have kept an eye on gold as at the same time we took the trade, gold had a baby silver cross up and was therefore well supported, should we look at gold in future.
Only my opinion H and i am still learning but your input appreciated on above
Lets move on to next one and losses happen in Forex, i am still a happy chappy and thanks for all your input
Hi, Thanks for your comments. Yes we can look at gold but in my opinion it was the USD driving the market and EU higher. USD weakness and gold price rises.
In regards to gold as a trade setup itself, yes, it was a good 15 min silver cross. A trade in its own right.
Paul I agree with you re Gold looking bullish, that made me nervous too. As well as EU being supported on yesterdays lows and the 4hr stoch being rubbish. It was the only setup to attempt but not perfect in my opinion.
also yesterdays low had not been broken on 30 min chart so maybe something to look for in the future as well, we all learn from experience and lets move on
totally agree John & Hemal, just wanted to throw open a short term debate on trade and nothing negative and you are right 90% of the time “H” so as they say there is always a reason not to trade so not going to look too much further into this and move on to next one and thanks for all the comments guys
I am still a happy larry
I just thought i’d add my 10 cents to this debate as we can always learn something new from a trade. I don’t know if this sounds like novice talk and forgive me if it does but i’ve noticed that after a sharp (almost vertical)move up or down a currency will often pull back a little and then continue on in it’s original direction, forming what looks like an ‘h’ shape (in a short trade) or an inverted ‘h’ in a long. Now, if you look at EURGBP that is exactly what happened here, starting about 7am yesterday. If you go back through the charts they are everywhere. I presume the reason is because the original move was so strong, the pullback just can’t get anywhere. This could have given us reason to doubt the EU short. Having said that I took the trade like the rest of you and like you say H it was a perfect strategy trade so not concerned and would do it again, but perhaps taking into consideration some of the things we have mentioned here.
Comments (10)
Oh well agree with you that it was a perfect strategy trade but just my opinion here, should we have kept an eye on gold as at the same time we took the trade, gold had a baby silver cross up and was therefore well supported, should we look at gold in future.
Only my opinion H and i am still learning but your input appreciated on above
Lets move on to next one and losses happen in Forex, i am still a happy chappy and thanks for all your input
Hi, Thanks for your comments. Yes we can look at gold but in my opinion it was the USD driving the market and EU higher. USD weakness and gold price rises.
In regards to gold as a trade setup itself, yes, it was a good 15 min silver cross. A trade in its own right.
Hope that helps.
Regards,
H
the is still young
either way yesterday was a marvellous day for me anyway. I am well pleased with all of you 
#haveaniceday x
Well done Kajsa!
Paul I agree with you re Gold looking bullish, that made me nervous too. As well as EU being supported on yesterdays lows and the 4hr stoch being rubbish. It was the only setup to attempt but not perfect in my opinion.
also yesterdays low had not been broken on 30 min chart so maybe something to look for in the future as well, we all learn from experience and lets move on
I agree with your comment Mark. There were reasons to not enter but this was the best setup with a fresh X.
No worries Hemal most of the time you are absolutely spot on
Keep that strategy going
totally agree John & Hemal, just wanted to throw open a short term debate on trade and nothing negative and you are right 90% of the time “H” so as they say there is always a reason not to trade so not going to look too much further into this and move on to next one and thanks for all the comments guys
I am still a happy larry
Good day all,
I just thought i’d add my 10 cents to this debate as we can always learn something new from a trade. I don’t know if this sounds like novice talk and forgive me if it does but i’ve noticed that after a sharp (almost vertical)move up or down a currency will often pull back a little and then continue on in it’s original direction, forming what looks like an ‘h’ shape (in a short trade) or an inverted ‘h’ in a long. Now, if you look at EURGBP that is exactly what happened here, starting about 7am yesterday. If you go back through the charts they are everywhere. I presume the reason is because the original move was so strong, the pullback just can’t get anywhere. This could have given us reason to doubt the EU short. Having said that I took the trade like the rest of you and like you say H it was a perfect strategy trade so not concerned and would do it again, but perhaps taking into consideration some of the things we have mentioned here.
Regards,
Ben