FonF0n

FonF0n

After closing the GBP/USD position at 1.23, I will open another short position on this pair because, as often happens in FX, you usually have 2 or 3 (sometimes 4) chances to take a short position on the same valid setup. Therefore, the next position will be opened around 1.281 with a 1:1 stop-loss ratio, as I usually have on FX pairs, and without worrying about a...

FonF0n Updated 

Another simple GBP/USD short trade. I'm still keeping an eye on this pair, and it may be one of my favorites for trading (you can see in the history that there are three other instances where I decided to go either long or short on it). Here, it's another simple short at 1.228 as the take profit zone. I'm not ruling out the possibility of hitting 1.284, and if it...

FonF0n Updated 

Long long long 148.5 tp. Simple/ effective/ patient. Let s go

FonF0n Updated 

I'm about to share a position in the Forex market on the Bund, and I'd like to express the following: Although the Risk-Reward ratio stands at a modest 1.3, I'm confident in the validity of the setup. I believe that the 141 zone will likely be revisited sooner rather than later, possibly leading to the establishment of a new low in the Bund market. Therefore, my...

FonF0n

Another swing trade on GBP/USD is setting up, and the new stop-loss level is generous because it seems like the type of trade that needs room to breathe. A win ratio of 1/1 doesn't bother me, as long as my profit zone is expected to be reached in 1-2 months. The timeframe matters less to me. So, this is the entry zone, and I plan to add to it every 25% of the way...

FonF0n Updated 

After hastily closing my short position on GBP/USD, perhaps a bit prematurely, primarily due to DXY showing signs of waning upward momentum and a probable deeper retracement looming (I anticipate this after reaching the 106-106.5 zone), I've made the deliberate choice for GBP to stage a potential rebound. This area seems opportune to unwind late short positions....

FonF0n Updated 

I intend to initiate a short position from this zone, targeting a risk-to-reward ratio of 1:1. However, the probability of success seems remarkably high given our current circumstances, even suggesting the possibility of adjusting my stop loss to augment the position for the 1.231 area. Time will tell.