Illya's Blog

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Day 2

Greetings community members.
This Friday I have a following trading results:
EUR/USD
1) BUY -16.3 pips
2) BUY +20 pips
GBP/USD
1)BUY +12.8 pips
2) SELL -13 pips
Total result: +12,395.64 USD
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Brent correlates today with other instruments!

Today I found that Brent came into corellation together with some pairs of GBP and starts to go UP. It gives me an optimistic view on my BUY positions with GBP/USD and GBP/JPY. I hope it will work out onto my side.
Wish everyone to have a good trades today. Don't forget about SL's.
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GBP/USD probably flag pattern ???

Will This flag perform it self or I just "married" on my position?
The price is moving down, and could do breakout on 1.43500 and continuously proceed down. Or It could be false breakout and price will go up. So I have a dilemma to close now, or to wait for some time.
Hey Trader! How often you have such dilemmas?
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GBP/USD probably flag pattern

For today I had seen a flag pattern on 4H TF. Considering the UpTREND I did BUY by 1.44704 and will keep my position till 1.46488. Anyway it could be an accumulation to the following SELL. I advice to keep an eye on a key price levels and possible Three Top pattern.
My vision of key levels:
  • Support is 1.438
  • Resistance is 1.4580
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