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eur gbp weekly trade idea


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Guest oilfxpro

Looks like a good trade , if you entered already.

 

cable is not that strong , eur usd is strong/bullish

 

Please ignore the following rules , they are from my own system on fx, use your own methodcable.jpgeuro pa.jpgeuro pa2.jpg

 

  • Trading EUR/GBP – Compulsory filter
  • Long positions - must have EUR/USD trending higher and GBP/USD must be trending lower.  
  • Short positions - must have EUR/USD trending lower and GBP/USD must be trending higher.  
  • EUR/GBP is a noisy pair with low volatility and trends. 20 pips move on EUR/GBP is noise because Cable is noisy.
  • Trade mainly systems hp10/20, macbos, trend retracement, classic trend breakout or double break rule.
  • Trending definition: prices must be above mas for longs or below mas for shorts on 30 MIN (with slope, channel and trend line).
  • Do not open new position after 60 pips made in one day.
  • Always use eur usd and Gbp usd  supports , resistances , trend lines and channels   to trade  eur gbp.
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