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Having said that, I have traded this pair on M5 a few times on a...

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RickM

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19/06/18

13:12

Post #: 33796521
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Originally posted by RickM ↑

Hi Tela

The EURGBP has been ranging like this since September 2017.
It always looks easy on a chart to trade the range on a pair like this but it personally does my head in. The issue is you can’t build into a trade with lots of positions, therefore you have to go big from first base which is fine for other traders, not me.
I like to be more confident in a trade direction before I enter any trade.

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Having said that, I have traded this pair on M5 a few times on a strong move because I have no directional Bias on M5. Wait till about 7pm or 8pm Monday to Thursday and see if the trend has developed.

Last edited by RickM: 19/06/18
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