EURGBP - Retracement Trade (excellent ratio)

EURGBP H1 Chart - Retracement Setup

It appears that support is holding at current levels, and the pair is due for a fall. The ratio here is excellent. Trades like this open up a lot of freedom if they stay open for a long time. I have some ideas for this trade if it ends up going correctly (adding to the position size, while maintaining the same amount of risk, partial profit targets, etc.)

I have placed a SELL LIMIT above the market price:
entry: 0.88235
SL: 0.88435 (-20 pips)
Initial target: 0.87095 (+114 pips... **subject to move)

EURJPY - BLOG POST failed to update!! (TRADE UPDATE!)

EURJPY Breakout trade

The post in which I described this trade failed to update, and such there is no posting. However, the trade was still made under the blog's account and will be represented win or lose in the account statement for the blog. Anyway, it can be used for educational purposes as we see what it does from here.

I entered at 117.65... -35 for the stop, +65 for the TP

UPDATE 1:

EURJPY Update 1 - SL moved to BE

I have moved the SL on the EURJPY order to breakeven.

USDJPY - Trade of the Day

I have added a signal on the Trade of the Day page (about 4 hours ago) and have since posted the first update.  The trade is a sell limit order, above market.  If the order is not reached before my expected down move is confirmed, I may modify the trade to a market order.

• UPDATE 1 ADDED
• UPDATE 2 ADDED - Removed limit order, entered at market!

EURUSD - Intraday Analysis for March 31 UPDATED

EURUSD 1HR - Intraday Analysis for March 31

The third wave of a five wave downward impulse could begin today. If the pair were to meet resistance at 0.618 retracement, a break below the 0.236 expansion would be plenty of confirmation for wave 3. However, entering at the top (that is at 0.618) will give the best risk:reward ratio for the trade.

UPDATE!!


The 0.618 resistance level has been hit, and my limit order has been opened.  Cheers.

Entry Made