15/11/2013 EURGBP D1 and H4 Short - Supply and demand forex and metals trading room
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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
www.set-and-forget.com/forum/trading-rooms/forex-cross-pairs/euro-cross-pairs-aa/3556-eurgbp-d1-and-h4-short 2/7
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
www.set-and-forget.com/forum/trading-rooms/forex-cross-pairs/euro-cross-pairs-aa/3556-eurgbp-d1-and-h4-short 3/7
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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
www.set-and-forget.com/forum/trading-rooms/forex-cross-pairs/euro-cross-pairs-aa/3556-eurgbp-d1-and-h4-short 4/7
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
www.set-and-forget.com/forum/trading-rooms/forex-cross-pairs/euro-cross-pairs-aa/3556-eurgbp-d1-and-h4-short 5/7
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
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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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