eurgbp d1 and h4 short - set and forget · 15/11/2013 eurgbp d1 and h4 short - supply and demand...

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15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room www.set-and-forget.com/forum/trading-rooms/forex-cross-pairs/euro-cross-pairs-aa/3556-eurgbp-d1-and-h4-short 1/7 Home Forum Sw ing Trading Rooms Forex Cross Pairs EURO cross pairs FORUMS SWING TRADING ROOM THE CLASSROOM Search EURGBP D1 and H4 Short SUBSCRIBE POSTS LATEST ACTIVITY ms Junior Member Join Date: Oct 2013 Posts: 107 #1 EURGBP D1 and H4 Short 11th November 2013, 04:44 AM Price is at D1 demand now but it is a CP countertrend demand, so D1 shorts against it are ok. There is a valid D1 CP supply to short at, and also a H4 supply within it if a tighter stop is preferred. Comments are welcome please! Post Reply Page 1 of 1 Filter Search alfonso

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15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

www.set-and-forget.com/forum/trading-rooms/forex-cross-pairs/euro-cross-pairs-aa/3556-eurgbp-d1-and-h4-short 1/7

Home Forum Sw ing Trading Rooms Forex Cross Pairs EURO cross pairs

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EURGBP D1 and H4 Short

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msJunior Member

Join Date: Oct 2013Posts: 107

#1 EURGBP D1 and H4 Short11th November 2013, 04:44 AM

Price is at D1 demand now but it is a CP countertrend demand, soD1 shorts against it are ok. There is a valid D1 CP supply to shortat, and also a H4 supply within it if a tighter stop is preferred.Comments are welcome please!

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alfonso

15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

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Attached Files

EG D1.png (338KB, 1 view)

EG H4.png (306KB, 1 view)

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dz

Join Date: Oct 2013Posts: 167

#2 11th November 2013, 09:12 AM

Yep i was about to post this, order in for the CP daily monthlycombo.

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ro

Join Date: Oct 2013Posts: 44

#3 11th November 2013, 09:17 AM

Good morning Ivan, This pair in in a nice down trend on the weekly,so I agree with your analysis. The only thing I don't like is the factthat we are right in the middle on every TF.

15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

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dz

Join Date: Oct 2013Posts: 167

#4 11th November 2013, 09:29 AM

Yes but we need to be a robot and sell all valid levels on Dailysupply right ? Level is valid so i will take it

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poJunior Member

Join Date: Oct 2013Posts: 174

#5 11th November 2013, 06:13 PM

I agree with both comments. Now think about this one. This is amomentum trade on the weekly & 240 TF's so is a valid setup.However it depends on your rules. Do you take all valid levels oronly certain trade types i.e. if your more of a location or location &momentum trader then this is not for you. Good analysis by all.

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dz

Join Date: Oct 2013Posts: 167

#6 11th November 2013, 06:59 PM

I am in this one . Lets see what happens

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15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

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is

Join Date: Oct 2013Posts: 91

#7 12th November 2013, 06:18 AM

I got triggered yesterday for this pair also.

Took the limit order on a D1 perspective since I do not see clearbasing on my H4 chart. The pair is in a strong down trend that's whyI plan to put my sell limit order on it.

So let's what will the market can give to us on this trade.

BTW, I have split 2 TPs on this trade. TP-1 is 2:1 RR ratio and TP-2is set on the next H4 Demand area within D1 demand area (SL notto be moved to BE).

Attached Files

EURGBP Short -12112013.png (989KB, 1 view)

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ro

Join Date: Oct 2013Posts: 44

#8 12th November 2013, 10:16 AM

I didn't look at it this way myself Tyrone, but your absolutely right.

Originally posted by po

I agree with both comments. Now think about this one.This is a momentum trade on the week ly & 240 TF's so isa valid setup. However it depends on your rules. Do youtake all valid levels or only certain trade types i.e. if yourmore of a location or location & momentum trader thenthis is not for you. Good analysis by all.

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15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

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ro

Join Date: Oct 2013Posts: 44

#9 12th November 2013, 10:18 AM

Hi, would you please use the "quote button", I value yourreaction, so I don't want to miss it. If you use the quote, I'll be

notified

Originally posted by po

I agree with both comments. Now think about this one.This is a momentum trade on the week ly & 240 TF's so isa valid setup. However it depends on your rules. Do youtake all valid levels or only certain trade types i.e. if yourmore of a location or location & momentum trader thenthis is not for you. Good analysis by all.

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alfonsoAdministrator

Join Date: Sep 2013Posts: 471

#10 12th November 2013, 10:52 AM

News on the pound now in 5 minutes, CPI and PPI. Let's see what

price does with these news!

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dz

Join Date: Oct 2013Posts: 167

#11 12th November 2013, 10:59 AM

ouch ! Stop out on that one

2 comments

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#11.1 alfonso commented

12th November 2013, 11:10 AM

Bad CPI and PPI news for the pound, supply level removed!

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#11.2 isko1977 commented

15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

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12th November 2013, 11:12 AM

yeah... stopped out, on to next trade. :-)

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dz

Join Date: Oct 2013Posts: 167

#12 12th November 2013, 11:26 PM

Hey guys , any one considering thje next daily supply above ? I like

this one. Such a small risk, would be rude not to . Thoughts ?

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dz

Join Date: Oct 2013Posts: 167

#13 13th November 2013, 12:29 PM

Took 95 pips from the CP supply zone short , got out due toGBPUSD supply zone . Now short the GBPUSD .

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#13.1 alfonso commented

13th November 2013, 02:05 PM

Congratulations! You invite us all to dinner then

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#13.2 dz commented

13th November 2013, 02:26 PM

Hot dogs all round ! lol

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15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room

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f5

Join Date: Oct 2013Posts: 53

#14 13th November 2013, 02:19 PM

Still in the EURGBP trade, struggled with the GBPUSD CP thoughwether to close it or not. I did the opposite of what you did. Closedthe GBPUSD and let the EURGBP run.We'll see.

Trange though that price on my chart only made 75 pips.

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