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EURGBP

  • #421
  • Feb 9, 2017 5:56am Feb 9, 2017 5:56am
Seems that the pair is declining towards 0.8450-45 horizontal-line.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4_MT_09022017.png Size: 30 KB
  • #422
  • Mar 7, 2017 12:18pm Mar 7, 2017 12:18pm
Hello everyone. Here's a snap of a low probability trade but potential big reward. Stop is tiny, at 16 pips, just above the highs of the marked hourly bar. Entry was on on the break of the low of the previous hourly bar (green line). At that point, it was the third time in the last 24 hrs that the price broke the lows of an hourly bar, without having advanced much.

Conservative target would be at yellow line, but I am greedy and want more!

Low probability trade because obviously countertrend.

To win over time in trade you want to get trades with tiny risk, low probability of success and big potential reward, or
trades with large risk (large SL necessary), high probability of success and small reward.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP hourly short 7Mar17d.jpg Size: 148 KB
  • #423
  • Mar 7, 2017 12:30pm Mar 7, 2017 12:30pm
Quoting ItsAtrap
Hello everyone. Here's a snap of a low probability trade but potential big reward. Stop is tiny, at 16 pips, just above the highs of the marked hourly bar. Entry was on on the break of the low of the previous hourly bar (green line). At that point, it was the third time in the last 24 hrs that the price broke the lows of an hourly bar, without having advanced much. Conservative target would be at yellow line, but I am greedy and want more! Low probability trade because obviously countertrend. To win over time in trade you want to get trades with...
Interesting, what's your timeframe for this?
  • #424
  • Mar 7, 2017 1:50pm Mar 7, 2017 1:50pm
Quoting KovanTrader
{quote} Interesting, what's your timeframe for this?
I believe that this pair will move to sub 80 before continuing its long term rise, so I am trying to position myself for the next big leg down. There is no sign of reversal on the dailies though. Usually, on the daily chart, I'd wait to see a daily bar's LOW get broken, then price to wobble somewhat over the next few days and then break yet another daily bar#s low, at which point I'd enter short.

But occasionally I'll gamble on the hourlies waiting for similar set ups. They are much lower probability than dailies, which are lower probability set ups than weeklies
  • #425
  • Mar 7, 2017 2:51pm Mar 7, 2017 2:51pm
Whats your outlook on eurgbp? I.m currently in a long position. Entry point was 0.8679, price is currently 0.8660. I was going for 10 pips. There is resistance at 0.8699.
Thanks
  • #426
  • May 10, 2017 1:49am May 10, 2017 1:49am
Triangle looks more for drop

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 23 KB
My email: Fxjohn78@Gmail
  • #427
  • May 14, 2017 5:28pm May 14, 2017 5:28pm
EURGBP
Pattern : Channel
If price could not break the channel

Sell -> After AO (indicator) Signal
StopLoss = 0.84950
Take Profit = 0.84100

Telegram Channel : https://goo.gl/MDNkK0
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 40 KB
  • #428
  • May 14, 2017 5:34pm May 14, 2017 5:34pm
Quoting M.Nasiri
EURGBP Pattern : Channel If price could not break the channel Sell -> After AO (indicator) Signal StopLoss = 0.84950 Take Profit = 0.84100 Telegram Channel : https://goo.gl/MDNkK0 {image}
Your AO has nothing to do with price going down! You got to think differently.Your way of thinking is exactly why 95% of traders lose money.

Price is moved by dynamic traders who have the funds to move it and they are not looking at Oscillators to place their orders.
In trading, you have to be defensive and aggressive at the same time
  • #429
  • May 14, 2017 5:54pm May 14, 2017 5:54pm
Quoting Davit
{quote} Your AO has nothing to do with price going down! You got to think differently.Your way of thinking is exactly why 95% of traders lose money. Price is moved by dynamic traders who have the funds to move it and they are not looking at Oscillators to place their orders.
AO is one trade base only
Nothing More !!!
  • #430
  • May 15, 2017 8:20am May 15, 2017 8:20am
Quoting Davit
{quote} Your AO has nothing to do with price going down! You got to think differently.Your way of thinking is exactly why 95% of traders lose money. Price is moved by dynamic traders who have the funds to move it and they are not looking at Oscillators to place their orders.
Davit you are very quick to jump the gun. I have been on the trade from 10th of may and my comment simply referred to a re-entry point
  • #431
  • May 21, 2017 12:52am May 21, 2017 12:52am
Quoting Davit
{quote} Your AO has nothing to do with price going down! You got to think differently.Your way of thinking is exactly why 95% of traders lose money. Price is moved by dynamic traders who have the funds to move it and they are not looking at Oscillators to place their orders.
i see the EURGBP bearish too. With the current price at 8590 and a stop about 20 pips above yesterday’s high at 8635, the stop-out is under 100 pips. With support a couple of big figures lower this leaves ample room for profit, thus giving a good risk/reward profile of around 1:2. There could be some support on the shorter-term lower parallel in the low-8400s, but only viewed as a potential speed-bump at this time.
Trade Criteria:
Entry: Market price
Stop: 8635
Target: 8300/50
Attached Image (click to enlarge)
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  • #432
  • May 22, 2017 1:39pm May 22, 2017 1:39pm
It seems the climb continues... I'm waiting for confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 155 KB
  • #433
  • May 22, 2017 6:58pm May 22, 2017 6:58pm
EUR/GBP .8650

Got this one completely wrong in the short term but long term this cross will dive and will add to shorts further up.

The higher euro goes the more likely the other members will be suffering. Merkel thinks EUR is under valued. Watch the pain on the other member states.

Of course once UK pulls out of EU Germany will lose its 3rd biggest export and if sanctions happen lets see how it performs then .
  • #434
  • May 23, 2017 12:14am May 23, 2017 12:14am
Potential medium-term shorts setup near 0.8670 towards 0.8430
Eyes on EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP 23May17.png Size: 87 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #435
  • May 23, 2017 7:22am May 23, 2017 7:22am
Potential top @ 0.8675 for medium-term shorts, as both EURUSD and EURGBP are breaking minor channel lines.
Elliott Wave for optimum entry, exit and risk management of trades
  • #436
  • Edited Jul 14, 2017 10:53am Jul 13, 2017 4:27pm | Edited Jul 14, 2017 10:53am
I enter long @ 0,88807 potential up till 0,90446 and will most likely reverse then.
  • #437
  • Jul 13, 2017 4:46pm Jul 13, 2017 4:46pm
Might look like this
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 25 KB
  • #438
  • Edited Jul 14, 2017 10:28am Jul 13, 2017 8:15pm | Edited Jul 14, 2017 10:28am
If it approv the support line of building bullish rectangle (white trendlines) now it has good requirements for a fly up to 0,90221 minimum next week.
My entry point will be still @ 0,88807 , i am also long GBP/USD so it's a conflict pair for me i suggest to trade it conserative.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-bullishrectangle.png Size: 60 KB
  • #439
  • Jul 13, 2017 9:02pm Jul 13, 2017 9:02pm
Trading with TDI. Overall market sentiment hits 30 (exhausted) and I notice a little divergence sign. Good chance it'll bounce back up?

Edit*: If you switch to 30m time frame, you can see the divergence better
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170713-185954.jpg Size: 598 KB
  • #440
  • Edited 11:03am Jul 14, 2017 1:55am | Edited 11:03am
Quoting xphysics
Trading with TDI. Overall market sentiment hits 30 (exhausted) and I notice a little divergence sign. Good chance it'll bounce back up? Edit*: If you switch to 30m time frame, you can see the divergence better {image}
I am not working with TDI. This conflict pair has "good" prospects for a bounce up but regarding to the current conditions it might not go above 0,8875 before monday. If it approves (did not) the support of bullish rectangle once again, then there are good prospects for a flight upwards to minimum 0,90221.

but still...
Quoting M.Goldstein
My entry point will be still @ 0,88807 , i am also long GBP/USD so it's a conflict pair for me i suggest to trade it a bit conserative
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