Currency Trading; October

[Newtron Bomb]

Long of todays DB @ 1.6930
Initial Target @ 1.7020
Stop 1.69 to be moved to 1.6925 if price can move and hold above 1.6980 or BO todays range, which ever comes first
R/R 1/3

Trade is taken with a view to trade range until a BO in either direction

 

[Newtron Bomb]

stop loss met -30

 

[Newtron Bomb]

An ever changing picture:!:

Long again @ 1.6915
Stop @ 1.6995
Target 1.6945/50
Target if BO North 1.7040

 

[Newtron Bomb]

Added to long @1.6945
Taget 1.7040 area
Stop @1.6930

consideration for reversal if False BO or patten failure @1.6930
If triggered Target 1.6880
Add to short on BO of low of day
Target if triggered 1.6800/1.6780

 

[Newtron Bomb]

Its nice to come back to sometimes :cheesy: Kill Bill BTW is pretty good if you like a blood fest

Depending on which time frame you look at there is a bull flag, triangle or a pullback.
The chart is the 10 min and if there is a BO @ 1.6970 with a 40ish pip target to 1.7010
The 60 min chart shows a pos 65 pip move giving a target @ 1.7025 Which all ties in quite nicely with the larger dec. tri. with a target 1.7040

Whatever happens am not expecting much activity due to the time but anything can happen.
Stop loss to break even on the second entry and raised the first entries profit stop to 1.6940

 

[Newtron Bomb]

Hiya folks

All the gbp targets falling in line nicely with each other :cheesy:
1.7034 has been achieved so far

The chart shows a couple of scenarios again depending on the time frame.
A small asc. tri. with a 35 pip target has already broken @ approx 1.7015 giving a target to 1.7050 which may provide resistance at the top of a possible channel and again falls nicely in line with the larger dec. tri. target @1.7040
Stops moved to 1.6990

And with that am off back to bed :cheesy:

Happy trading
NB

 

[Newtron Bomb]

A bit late to mention now but added to long @ 1.7025 after the price retraced further and bounced off yesterdays high

Targets met and trading @1.7070
reassessing position
Profit stop @ 1.7025

 

[neil]

Good trades on the 5min /$ chart