Weekly Thread: Sep. 21 - 26

Little move in favor of eurgbp position now, but there is a serious support level at 0.6885. Stops will be readjusted as follows:
once/if price (ask) reaches 6910, stop to entry level,
once/if price (ask) reaches 6895, stop to 6920 (lock 10 pips)
 
Quote from rezo_s:

once/if price (ask) reaches 6995, stop to 6920 (lock 10 pips)
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I thought your stop-loss was at 6985, why a new trailing stop at 6995? Seems a little contradictory
 
Quote from CPTrader:



I thought your stop-loss was at 6985, why a new trailing stop at 6995? Seems a little contradictory
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Ye, you're right its once it gets to 6895, I edited that post, typo.
 
Quote from rezo_s:


Ye, you're right its once it gets to 6895, I edited that post, typo.
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I guessed you meant 6895 and I just wanted to alert you so that you clarified yourself. You've been quite upfront and I don't want you to leave yourself open to criticisms from those who enjoy doing so.

All the Best - Trading,

Best Regards,
 
Huge seloff on street, and still euro and others don't manage to establish new highs...If I add the candle on dailies and couple more signs I will not talk about, I say good chances we are going to see nice correction for the start. But no selling for me yet (talking euro). I need couple more signs - maybe next week...will see. If we are going down, we are going to 1.1220 area (see recent post with chart), so there is +250 pips from now. If I get half of that - its great. If not - no big deal.
 
Holding open position: short EURGBP@6930, and as promised, I just moved stop to entry level, because low of 6910 was just hit. Plan remains unchanged:
once/if price (ask) reaches 6895, stop to 6920 (lock 10 pips)
target is same : 0.6770
 
I'm done for this week. Holding the eurgbp over the weekend if it will not be closed at b/e.

Have a great weekend everyone,

Regards,

Rezo.
 
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