Tech Trading
  • Home
  • Join our trading community
  • Back to FXstreet.com

Tech Trading

How to profit from FX Markets by César B. Leiceaga.

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Intraday Techs
  • Medium & Long Term Techs
  • My Trading Diary
  • Uncategorized

Archives

Recent Comments

  • carlab on GBP/USD Dips after BOE minutes
  • César B.Leiceaga on A few lines to have in mind…
  • Amino on A few lines to have in mind…
  • Prakash on A few lines to have in mind…
  • César B.Leiceaga on EUR/AUD Strategy

Tags

aud audusd audusd trading aussie australian dollar cable cad chf eur eurgbp eurgbp technical analysis eurjpy eurjpy forex eurjpy intraday eurjpy technical analysis eurjpy trading euro eurusd eurusd forex eurusd intraday eurusd technical analysis eurusd trading forex forex trading fx gbp gbpjpy gbpusd gold gold trading jpy metals pound silver swiss franc swissy usd usdcad usdcad technical analysis usdchf usdchf forex usdchf technical analysis usdchf trading usdjpy yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

  • Trading FX Ideas
  • Trading Técnico
EUR/GBP Trade plan update

Posted on November 3, 2009 at 8:45 in My Trading Diary by César B. Leiceaga

I took shorts at 0,9052 and already moved my stop-loss to breakeven to limit my risk. The first proposed option:

(http://blogs.fxstreet.com/techtrading/2009/10/30/eurgbp-my-trade-plans/)

I’ve also added a new target to my plan, bearing in mind the fast reversal from resistance area. This target refers to the previous swing low made last week at 0,8910, in this case my order is placed above at 0,8920 to secure my take profit order.

César B.Leiceaga

Tags: eurgbp, eurgbp 3 november 2009, eurgbp technical analysis, euro, gbp

6 Responses to “EUR/GBP Trade plan update”

  1. on 03 Nov 2009 at 9:24 am1Alan

    Dear César:

    Tomorrow(Wedsdday) BoE maybe expand Quantitative Easing program, that will weaken Pound, the EUR/GBP will reverse sharply.

    Alan

  2. on 03 Nov 2009 at 9:47 am2César B. Leiceaga

    Dear Alan,

    I’m aware of BOE meeting thats one of the reason’s why I placed my stop to breakeven. You are really confident with the direction that the pound is going to take….let’s see what happens tomorrow.

    Regards.

  3. on 03 Nov 2009 at 11:43 am3carlab

    Hi Cesar:
    I am betting on Alan’s view as well. So hopefully you get done at .8920 and rebounds tomorrow. I think nowadays a lot of positions squaring (Refer to Mr. Roubini about dollar as a funding currency) because of drop in stock mkts. If it accelerates, eur/usd can hit easily 1.45

  4. on 03 Nov 2009 at 1:04 pm4Alan

    Dear César:

    Sorry, I made a mistake about the date of BoE event. It is on Thursday (Nov 5) at 7:00AM EST (12:00 GMT)

    Regards

    Alan

  5. on 04 Nov 2009 at 1:16 am5A-SOLTANI

    DEAR CESAR

    Although my target for EurGbp was .8800,but I think we have a corr. to .9070-.9120 then w3 will start for at least .8800.

    similary first attempt of EJ (leg A)already complited @131.57 and we have a nicly flat corr. probably @134.50-135,then Wave c will start toward 130.20 as i mentioned earlier.

    REGARDS

  6. on 04 Nov 2009 at 9:04 am6Tech Trading » EUR/GBP Closed my position

    [...] Comments A-SOLTANI on EUR/GBP Trade plan updateAlan on EUR/GBP Trade plan updatecarlab on EUR/GBP Trade plan updateCésar B. Leiceaga on EUR/GBP [...]

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.