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-   -   GBP/USD and EUR/USD (https://www.forexfactory.com/showthread.php?t=347563)

Tsar Mar 13, 2012 9:14am | Post# 1

Hello Traders,

I opened these thread for discussion, analysis & trading GBP/USD and EUR/USD currencies. And EUR/GBP pair as Related.

All traders in this Thread can use for :

  1. Trade and Exchange ideas with own Trading Style's.
  2. Discussion & Share his/her experienced.
  3. Analysis, Estimate & Outlookwith Tehcnical Analysis [TA] or Fundamental.



In many situations the Technical chart patterns and Associated trade setups may look similar for both the EUR/USD & GBP/USD as an Example.

Suppose a Trader predicts the US Dollar weakness against both the Euro and the British Pound, but wants to avoid 'Double exposure' to the Dollar in the event it strengthens instead of weakens. Should the trader Sell the EUR/USD / Sell the GBP/USD ?

The answer to this question may become easier upon inspection of the EUR/GBP. If this cross currency pair is trending Upward it indicates the Euro is stronger than the Pound. In this scenario, a Trader wanting to BUY either the EUR/USD or the GBP/USD, buying the EUR/USD would be 'the better' option. Since the Pound is weaker relative to the Euro, if it proves to strengthen against the US Dollar it is likely to strengthen less than the Euro – hence the EUR/USD is a better Long trade than the GBP/USD



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All the Best,
Tsar

Tsar Mar 13, 2012 9:29am | Post# 2

H4 Chart
 
1 Attachment(s)
Cable in H4 Chart...

Perfect TRIANGLE and Conform with Bearish Candle Signal
Click to Enlarge

Name: 2012-03-14_GBP H4 Chart.jpg
Size: 173 KB

Tsar Mar 13, 2012 9:47am | Post# 3

H4 Chart
 
1 Attachment(s)
Euro in H4 Chart...

Double Top, Head and Shoulders and Conform with Bearish Candle Signal
Click to Enlarge

Name: 2012-03-14_EUR H4 Chart.jpg
Size: 183 KB

Tsar Mar 13, 2012 12:26pm | Post# 4

H4 Chart - Harmonic Pattern
 
1 Attachment(s)
Cable in H4 Chart - Harmonic M3 Pattern

Price HIGH @ 1.5992 and Price LOW @ 1.5600
Click to Enlarge

Name: 2012-03-14_GBP H4_Harmonic M3.jpg
Size: 242 KB

Tsar Mar 13, 2012 12:38pm | Post# 5

H4 Chart - Harmonic Pattern
 
1 Attachment(s)
Euro in H4 Chart - Harmonic W9 Pattern

Price HIGH @ 1.3487 and Price LOW @ 1.2973
Click to Enlarge

Name: 2012-03-14_EUR H4_Harmonic W9.jpg
Size: 220 KB

Tsar Mar 13, 2012 12:56pm | Post# 6

Merrill's Pattern - Part 1
 
3 Attachment(s)
Merrill's Patterns

.
M Patterns is mean UPward
W Patterns is mean DOWNward
.
Click to Enlarge

Name: Merrill's Patterns.jpg
Size: 43 KB
Name:  M Pattern.jpg
Views: 26735
Size:  110 KB
Name:  W Pattern.jpg
Views: 26135
Size:  106 KB

Tsar Mar 13, 2012 1:12pm | Post# 7

Merrill's Pattern - Part 2
 
2 Attachment(s)
Merrill's Patterns

Traditional Technical Patterns which includes

.

Click to Enlarge

Name: Traditional Patterns.jpg
Size: 54 KB
Click to Enlarge

Name: Traditional Technical Patterns.jpg
Size: 185 KB

Tsar Mar 13, 2012 1:47pm | Post# 8

Harmonic Pattern
 
1 Attachment(s)
Harmonic Pattern...
.
Click to Enlarge

Name: Harmonic Pattern.jpg
Size: 108 KB

Tsar Mar 13, 2012 1:51pm | Post# 9

Well...

Who will make the FIRST Post ?

_BBKing_ Mar 13, 2012 2:25pm | Post# 10

hello :-)
only now noticed it!

oh well! nice!
see ya soon here then

fxtyrant Mar 13, 2012 2:30pm | Post# 11

Congrats Tsar
 
Hey tsar, just received your PM and yes, i will do my best to share my analysis and insights here as well as the GBPUSD thread...

though i have much to learn since im only 19, life all about learning everyday in our lives anyways...

But still Congrats with you new thread and i will surely be rooting for you Tsar!!

_BBKing_ Mar 13, 2012 2:31pm | Post# 12

as you know i try do do my best with PA trading.
will post here trades if i see good.

good luck and bybye i'm switching off for dinner and sleep time.
had a very busy day with GU today!

Tsar Mar 13, 2012 2:43pm | Post# 13

hello :-)
only now noticed it!

oh well! nice!
see ya soon here then
Hi Bro,

Welcome and you're the First Post made...

Feel like your home and here We will make PRO Trader

Thank's

Tsar Mar 13, 2012 2:47pm | Post# 14

Hey tsar, just received your PM and yes, i will do my best to share my analysis and insights here as well as the GBPUSD thread...

though i have much to learn since im only 19, life all about learning everyday in our lives anyways...

But still Congrats with you new thread and i will surely be rooting for you Tsar!!
Hi bguguen,

I'm very glad to see you and join in Here
We need you, One of the Best Fundamental Trader (got skill in Technical Analysis too)

I believe in you... Trust me

Tsar Mar 13, 2012 2:52pm | Post# 15

as you know i try do do my best with PA trading.
will post here trades if i see good.

good luck and bybye i'm switching off for dinner and sleep time.
had a very busy day with GU today!
I see...

2.00 am (GMT +7) in my Country, Late night... I need to Rest too.
See you tomorrow, Bro.

fxtyrant Mar 13, 2012 3:54pm | Post# 16

Hi bguguen,

I'm very glad to see you and join in Here
We need you, One of the Best Fundamental Trader (got skill in Technical Analysis too)

I believe in you... Trust me
i try my best tsar i try my best!

kill56 Mar 13, 2012 6:39pm | Post# 17

sh eur
 
congrats bro keep it up

Tsar Mar 13, 2012 10:03pm | Post# 18

i try my best tsar i try my best!
Very Good...

Tsar Mar 13, 2012 10:14pm | Post# 19

congrats bro keep it up
Thank's so much and I will do the Best, Bro

Tsar Mar 13, 2012 10:26pm | Post# 20

Cable Sideway and Euro ranging too.
Price will broke Support or Not....

I'm still waiting Good Point for Setup... for Scalp

Tsar Mar 13, 2012 11:22pm | Post# 21

Cable in M15 Chart
 
1 Attachment(s)
Scalp Long...
Click to Enlarge

Name: 2012-03-14_Cable H1.gif
Size: 27 KB

Tsar Mar 14, 2012 12:46am | Post# 22

Scalp Long...
Out... Just got a few Pips only

B'cause must pick up my Son go Home.
Close the Trade for awhile, I'll be back at LONDON Market's will Open.

egkid Mar 14, 2012 3:25am | Post# 23

Wish you all success bro
Will try to post when got time
Green ++

abdul_halim Mar 14, 2012 3:35am | Post# 24

Welcome...


Hallo Traders,

I opened thread for discussion, analysis and trading GBP/USD and EUR/USD currencies (only)

I don't give many rules too much (additional later)

Just give the sign ICON Pounds / Euro when Posting.
With the mark, the other Members can understand the Trading post.

You can choose One pair or Both of the Trade...


Cheers
my congratulation

Tsar Mar 14, 2012 3:57am | Post# 25

Wish you all success bro
Will try to post when got time
Green ++
I really appreciate you and many thanks...

fxtyrant Mar 14, 2012 3:59am | Post# 26

Im Away
 
Hey folks, just a heads up...
i will be away today because im having university to head to today.... pretty much all day today

so i wont be able to help much
will probably be free on friday onwards to help anyone out

A little hint for Today... Watch out for Ben Bernanke's statement today... if he mentions anything about QE3, we can expect a big of retracement upwards for most of the risk pairs like EURUSD, GBPUSD, AUDUSD etc....

just be aware and i strongly recommend not to trade 1 hour or so before he speaks

Tsar Mar 14, 2012 3:59am | Post# 27

my congratulation
Thank's a lot. We're waiting your action in this Room

Tsar Mar 14, 2012 5:10am | Post# 28

Cable in H4 - Fibo Fan
 
1 Attachment(s)
Cable in H4 Chart - Fibo Fan

This is my Estimate about Cable, use Picture yesterday.
Target Upward @ 1.5766 and Target go Down to 1.5493 (?)


IMHO
Click to Enlarge

Name: Cable_H4 - Double Fibo Fan_Small.jpg
Size: 173 KB

_BBKing_ Mar 14, 2012 6:07am | Post# 29

1 Attachment(s)
ehehhe
good morning


missed the train in GU @5660. i was sleeping :-((((((((

btw i took this other train.
wrong entry, wrong SL wrong timing.
but for what i know about EU, the more shows going down, the more is time to try a buy. and so i did.

falling wedge helping i hope
Click to Enlarge

Name: eu.gif
Size: 12 KB

_BBKing_ Mar 14, 2012 6:11am | Post# 30

1 Attachment(s)
GU showing strenghten near 5694 previous well known line.
nice.
actually rising and erasing down move from 5750 and bad uk data.

not yet a buy. i wait i have a plan ready for her, but things are not well lined up yet.

patience is the key ;-)

EVENT OF THE DAY: eur chf 1.2105 while writing!!!!! looks like the mirroring between EU and usd chf came to an end. let's see where will close daily.
Click to Enlarge

Name: gu.jpg
Size: 67 KB

Tsar Mar 14, 2012 6:12am | Post# 31

ehehhe
good morning


missed the train in GU @5660. i was sleeping :-((((((((

btw i took this other train.
wrong entry, wrong SL wrong timing.
but for what i know about EU, the more shows going down, the more is time to try a buy. and so i did.

falling wedge helping i hope
Welcome back, Bro.

Good afternoon in here...
I was setup at 6 Hours before, it's really make Confuse...
Almost Loss, because Trend Ranging...

_BBKing_ Mar 14, 2012 6:35am | Post# 32

Welcome back, Bro.

Good afternoon in here...
I was setup at 6 Hours before, it's really make Confuse...
Almost Loss, because Trend Ranging...
yes not really easy market must be careful there is not a clear direction.
IMo when this happens, is possible a change in direction. i mean the recent one.

about GU i really see no reasons to short. could be wrong but i will be looking to go long there.

the more goes down the more my buy interest increases in GU!
lets see what happens today ;-)

i will be busy whole day so don't know if i will post again. maybe later into NY

good luck meanwhile n trade safe as always

UbuFamily Mar 14, 2012 6:52am | Post# 33

yes not really easy market must be careful there is not a clear direction.
IMo when this happens, is possible a change in direction. i mean the recent one.

about GU i really see no reasons to short. could be wrong but i will be looking to go long there.

the more goes down the more my buy interest increases in GU!
lets see what happens today ;-)

i will be busy whole day so don't know if i will post again. maybe later into NY

good luck meanwhile n trade safe as always
Ahaa....gotcha!

UbuFamily Mar 14, 2012 6:54am | Post# 34

Welcome back, Bro.

Good afternoon in here...
I was setup at 6 Hours before, it's really make Confuse...
Almost Loss, because Trend Ranging...

Ahaa! u not posting in Cable thread anymore?

UbuFamily Mar 14, 2012 7:08am | Post# 35

GOOD LUCK
 
and congratulations for this new Thread Tsar

Tsar Mar 14, 2012 7:08am | Post# 36

Ahaa! u not posting in Cable thread anymore?
Good to see you again. In here I live now...

Tsar Mar 14, 2012 7:21am | Post# 37

and congratulations for this new Thread Tsar
Thank's... and don't hesitate to come Here

fxtyrant Mar 14, 2012 9:36am | Post# 38

Hey Tsar, disable the filter buddy let everyone come in this thread... some one in GBPUSD thread reporting that they cannot post here because of the filter...

GDR3k Mar 14, 2012 5:02pm | Post# 39

1 Attachment(s)
lets see where this goes. long eurusd 30251.

I'm waiting for cable to break out the triangle that its in, however if eurusd moves north, cable probabaly will too.
Click to Enlarge

Name: eurusd.jpg
Size: 95 KB

_BBKing_ Mar 14, 2012 5:22pm | Post# 40

1 Attachment(s)
cable today nearly unchanged...
a lot of pips moving up down but helll... still here 5670. actually no showing good to go long. i wait new daily

i hope then tomorrow will take a direction
anybody here have ideas about the chf things? talks about rising floors tomorrow?

tks
Click to Enlarge

Name: gu.gif
Size: 28 KB


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