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EURGBP looks like it is going to bounce. Trying to join the fun.

已更新

I am trying to fight the short term trend (or dump) and join the longer term one.

I see several reasons we bounce here, and I do not see why not.
There are no signs the uptrend might be over (such as the obvious one being bearish RSI divergence at the top).
Many reasons we would go up, maybe it would retrace more, but right now we still have not bounced and we reahced 0.768 fibo of the last wave up, with bullish divergence on the 1 hour.
+ 5 and 15 minuets looks like clear V's.

A bet well worth it I believe.

交易進行

Messed up on that trade and went long much too high.
My system is too complicated lol but I have worked on simplifying it, it is always evolving. I think I stop touching it thought and focus more on my instinct/experience/gut now rather than try to quantify everything, I have enough rules and strategies. Let's say these fib, supports etc together are pretty good, but adding a rule on RSI being below/above a certain amount and or divergence pushes the winrate up so much! I don't know exactly maybe it goes from 40% to 60 or something. And instinct can push that to NO LIMIT depends how good you are imo.

Now I am hoping it dumps ,in the green box I get filled for 1 lot which would give me a decent average entry and a high RR.

註釋

Looking at several time frames and other indicators can help, but at some point it gets too complicated I don't even know if it is worth it.

At the least we should look at the chart over a period of a few weeks to get the general trend (daily timeframe or 3 days as I did, does not matter as long as the longer TF trend is visible.

註釋

New high, little bull spike. But week is over...
Feels like gambling, we'll see what happens when next week starts...

Why do we have to be friday evening?
Why did I not get fully filled?

Well it is still awesome to get POSITIVE slippage when you fight trends, this could scale so much, the market is pushing into your orders with volume, one could really get into a big position at a good price like this :)
<3 fighting trends.