Short GBPUSD & EURUSD

8.25 bst

Just to be on-side with the system trades, I am adding the following shorts:

Short $10/pip EURUSD @ 1.3073. SL 1.3115.

Short $10/pip GBPUSD @ 1.5488, SL 1.5512.

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2 thoughts on “Short GBPUSD & EURUSD

  1. Daniel

    Hi Zen

    Out if curiosity, if you know your system is best when the market is trending, and you think we are now ranging, why are you still following your system? Because you never know when it’s ranging / trending until it happens?

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    1. ZenFXTrader

      Exactly right, Daniel. We can never be sure if the next signal will be a breakout or just more ranging. I have worked out my system performance including such periods of choppy ranges and the results are good. So some losses during the range-trading is a small price to pay to catch the big swings.

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