Thread by @Liquidityhunter

$EURGBP this plan is part of a strategy that I’ve been testing on LTF. Let’s see how it plays out

Nearly at entry levels, the quicker price reaches to my entry the more confident I get on the idea

First entry hit, it’s game on now

$EURGBP second entry lock and loaded. I have one more entry just above .92 level should price spike towards it. This is a position trade I’m comfortable holding it for a while and let price do its things.

Nice reaction so far

For full transparency. I sold the first lower entry (0.91512) for only 3 pips gain because I believe I can get a better fill at a later stage. So only 1/3 positions open atm. Still having one above 0.92 that needs filling.

So far so good $EURGBP #FOREX

$EURGBP update:
Price spiked up taking my first position out at BE and filling the limit order at 0.92024. Not the best entry but it’s only a 1/3 of my standard position size. Daily is in an interesting area. Will keep an eye on 0.92263

4H Ideally I’ll cut the position off if price closes bullish above .92263 Old stops above .93 level look appealing and might provide a better entry in the future.

Stops in profit

Stopped.

Had this limit order fill on Friday before market close. Price rebound was inevitable so I felt comfortable holding it until that was fulfilled.

On a weekly perspective $EURGBP took out major stops. So I like to see a reversal from here and I’ll explain what I look for next.

On a 4H I want to see price make another attempt at the high but I don’t want it to see close above
.93 depending on the nature of the move up to that level of course. However if price spikes through and then reverses I’ll use the same level to get on board.

For those wondering what the red lines mean. Those are entry points for shorts. Same principle I used to get that top fill a few weeks ago at .91842 I think it was. Been perfecting this strategy for quiet a while now. I like to enter trades with limit orders.

$EURGBP Update: The only level that mattered was the .93850

Downside pressure was strong and once price broke through Monday’s low at .92475 was game over.

Always put my money where my mouth is

$EURGBP Update

$EURGBP 2 scenarios I’m looking at. I’m staying away from this choppiness atm. Once a breakout occurs then I can start looking for trades.

$EURGBP Update: took a short yesterday as price tried to spike higher but ended up trading back below an important level I was watching. Even today LO spike higher didn’t make it through that level so my stop was safe above Tuesday high. TP 1 didn’t trigger, loaded up a 2nd entry

I mentioned in yesterday tweet that I was waiting for a breakout to enter a trade but once you know price and how it seeks liquidity then it was easy to enter a trade in the middle of a range. It takes knowledges, I wouldn’t recommend.

Also confluence for my idea was $GBPUSD trading higher powered by dollar weakness

ATP 1 nailed