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glennmercer
2 mai 2018 19:20

GBPUSD Bearish Channel: Continued Downside After FOMC Short

British Pound/U.S. DollarFXCM

Description

Hey traders, I'm still in this GBP Short - I want to add here after the FOMC meeting and continued dollar strength. There are multiple bearish impulses continuing on the lower timeframe and we are contained inside of a bearish channel. Cheers

Trade fermée: cible de profit atteinte



T1 Achieved. BIG DOWNSIDE coming

Commentaire



Nice price action! Adding another short here

Trade fermée: cible de profit atteinte

T2 Achieved! Closing all positions. Cheers and have a great weekend!
Commentaires
tookhoo4u
How do you determine your T1 and T2?
glennmercer
@tookhoo4u, I use 1:1 R/R for T1 and T2 somewhere between 3:1 and 2:1 depending on Fibonacci confluence
tookhoo4u
@glennmercer, oh okay cool thanks for replying!
StoneFox_4X
what's next target, thanks, got that first T1, gonna be following you from now on! :)
glennmercer
@caboodle, Thanks for following! Be sure to make trades based on your own risk tolerance and not following ideas blindly :D - Next area of focus for me is 1.353. Cheers!
StoneFox_4X
@glennmercer, cool, thanks, yeah, i follow with my own two eyes because i'm learning, so i make sure and watch that it doesn't flip on me. I've had that happen WAY too many times! so best approach for now until i'm confident is to watch.
StoneFox_4X
@caboodle, just curious, what are MT4 EA's? yes, i'm a noob, but eager to learn!
StoneFox_4X
@caboodle, metatrader4, i know that, but what is it your offering?
glennmercer
@caboodle, I am a programmer as well. I can create custom expert advisors (trading algos) and indicators.
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