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-   -   EUR/GBP - What a great pair to trade! (https://www.forexfactory.com/showthread.php?t=204269)

smikester Oct 29, 2009 2:22pm | Post# 1

Just trying to get the price to move, really, now that the markets have closed. So near to TP.

sooshans Oct 29, 2009 3:59pm | Post# 2

it seems that EUR will have an a bullish trend in the 2 or the 3 days to come.
it seems that a flag is about to form.

what do u think? what is ur suggestion to enter?

smikester Oct 30, 2009 3:11am | Post# 3

it seems that EUR will have an a bullish trend in the 2 or the 3 days to come.
it seems that a flag is about to form.

what do u think? what is ur suggestion to enter?
Could you post a chart? Thanks.

Pak Tiger Oct 30, 2009 6:35am | Post# 4

Smikester!!

Could you please enlighten us on why you think that this is a great pair to trade? Would appreciate your reasoning and experience about it as its always helpful to get to know about new things! Thanks!!

smikester Oct 30, 2009 7:21am | Post# 5

OK
 
Smikester!!

Could you please enlighten us on why you think that this is a great pair to trade? Would appreciate your reasoning and experience about it as its always helpful to get to know about new things! Thanks!!
Hey Pak Tiger

As usual I was making a joke as Europe and London had just closed and the price slowed down to a snail pace. I could have closed but I was close to a TP.

So I thought I'd start this thread and maybe someone with a few million to spare would gap it down a few pips. That could have been you! But you were too late.

Sooshans has posted his thoughts but I would like to see a chart because I don't necessarily agree and I don't like to give trade calls (or query them) unless I'm pretty sure.

It is a great pair to trade, though. Makes firm moves and usually trends well over a number of days and usually respects S/R levels. Small spread, so good for scalping. Moves reasonably slowly so you can get a fill even when scalping. So, unlike GBP/JPY.

Pak Tiger Oct 30, 2009 7:35am | Post# 6

Hey Pak Tiger...

Hahah!! that was funny

Well my broker offers me a spread of 5 pips on this pair which basically puts me off otherwise what you are telling, it really sounds good for scalping!!!

Enjoy your trades buddy!

smikester Oct 30, 2009 8:43am | Post# 7

5 pips spread. It should be around 2. What are they giving on EUR/USD?

Pak Tiger Oct 31, 2009 4:25am | Post# 8

5 pips spread. It should be around 2. What are they giving on EUR/USD?
3 pips on EUR/USD (I'm with FXSOL UK )

cannarek Nov 2, 2009 3:37am | Post# 9

1 Attachment(s)
next possible entry. now waiting to pull back and good price action up.
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cannarek Nov 2, 2009 4:50am | Post# 10

next possible entry. now waiting to pull back and good price action up.
long at 9005, SL 8990, TP 9090

cannarek Nov 2, 2009 5:39am | Post# 11

1 Attachment(s)
although stop was close (1 pip) now it looks really good
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cannarek Nov 2, 2009 7:36am | Post# 12

1 Attachment(s)
we are higher but need to cross over the next level...
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cannarek Nov 2, 2009 8:53am | Post# 13

half position closed +20

cannarek Nov 2, 2009 11:28am | Post# 14

still holding the half of position...

cannarek Nov 2, 2009 12:39pm | Post# 15

still holding the half of position...
closed by hand +25

smikester Dec 8, 2009 3:34am | Post# 16

Bearish
 
Price action on the monthly and the weekly looks bearish to me. That means it might be bearish in the next 2 - 3 months. We are testing 9000 as usual.

9000 is the level to drop through and a daily close below 9000, a solid close without too much pin, will see me shorting this pair for a while.

dinofx Dec 8, 2009 3:46am | Post# 17

where charts climb ?
 
have you ever seen charts jumping outside your screen ?

smikester Dec 8, 2009 4:43am | Post# 18

have you ever seen charts jumping outside your screen ?
This does not happen to me often... I take it you are very bullish on this pair, then? Would you like to explain?

monikroc Dec 8, 2009 10:08am | Post# 19

EUR/GBP TRADE ???
 
Hey Guys,I think this is the best pair to trade $1=1.76 currently trading a mini on forex.com 1,5 min charts only but peek at the 15,1hr,4hr for trend confirmation,happy trading!!!

smikester Dec 8, 2009 10:32am | Post# 20

OK here's a chart
 
1 Attachment(s)
10 pips a day? How about 50? Here's a chart:

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I can see an 8 hour pin bar off a swing high in adown trend. It's off previous resistance - Look to the left of the chart.

It's also off a 50% fib retracement with a clear rejection of 61.8

Don't bother trading it because it probably won't work out. I don't give trade calls. I will trade it, though. Target 1 is </=9000. Target 2 I'll let you know if we get there.


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