EUR/GBP - What a great pair to trade! | Page 185 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/GBP

Similar Threads

How to create synthetic pair: GBP/SEK using Gbp/usd*usd/sek 4 replies

Price info indicator needed - one pair's price x another pair 5 replies

Great System to an EA, needs 1 entry per pair 1 reply

Multi-pair trading or Few-Pair Trading. [poll] 15 replies

Post your weekly cross-pair charts: EUR/AUD Looking great now 0 replies

Attachments: EUR/GBP - What a great pair to trade!
Exit Attachments

EUR/GBP - What a great pair to trade!

  • #3,681
  • Oct 19, 2017 12:34pm Oct 19, 2017 12:34pm
Sell based on last week n monthly candle....SL 30 pips...TP 60 pips...
  • #3,682
  • Oct 20, 2017 3:43am Oct 20, 2017 3:43am
Things always look so clear in hindsight. Missed this little scalp opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 62 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #3,683
  • Oct 20, 2017 4:45am Oct 20, 2017 4:45am
Opened long position @8975, small one,
Let see if we can reach again that .9 before nc
  • #3,684
  • Oct 23, 2017 2:44am Oct 23, 2017 2:44am
adding second long @8910
same size
  • #3,685
  • Oct 24, 2017 2:40am Oct 24, 2017 2:40am
a bullish trend..
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 44 KB
  • #3,686
  • Oct 25, 2017 12:03am Oct 25, 2017 12:03am
third long @.8950
target all @.9
  • #3,687
  • Edited 8:45am Oct 26, 2017 2:49am | Edited 8:45am
I like the price action for shorts just here. I don't advise anyone to follow my sentiment as this pair seems very volatile and non-trendy.
Who would want to be non-trendy?

I give my reasons as follows:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp171026m1.PNG Size: 36 KB


This shows an almost engulfing monthly bearish candle off .9000 overshoot, historically the realistic high for this pair.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp171026w1.PNG Size: 30 KB


The weekly chart shows a bear flag/tweezer rejection of the highs of .9000. So, you can see I'm looking at longer term trading and I'm entering here, on a 15 minute divergent candle with a very small trade and a wide stop loss, adding at 25 pip increments on the way down, again with wide stop losses.

If I'm wrong - and let's face it, even I can be wrong - I won't lose much.
Gone to a better place
  • #3,688
  • Nov 7, 2017 9:17am Nov 7, 2017 9:17am
I think 0.858 is desired before 0.94.
but the bears also want 0.815.
It seems 0.914 is a place to short towards 0.858.
That will be my strategy. In the mean time i will look to long toward 0.914.
  • #3,689
  • Nov 7, 2017 9:34am Nov 7, 2017 9:34am
Quoting longshot_nl
I think 0.858 is desired before 0.94. but the bears also want 0.815. It seems 0.914 is a place to short towards 0.858. That will be my strategy. In the mean time i will look to long toward 0.914.
here a chart. Am bullish atm.
I'd buy a retest of the gray square with a sl below it. so 10 pips risk.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 42 KB
  • #3,690
  • Nov 7, 2017 11:16am Nov 7, 2017 11:16am
Quoting longshot_nl
{quote} here a chart. Am bullish atm. I'd buy a retest of the gray square with a sl below it. so 10 pips risk. {image}
Nice idea. Thank you for your input.
Gone to a better place
  • #3,691
  • Nov 7, 2017 1:20pm Nov 7, 2017 1:20pm
Quoting smikester
{quote} Nice idea. Thank you for your input.
ok. I got stopped out though after area got respected for a few hours. got to respect the stop loss...
if some more convincing bulls come in usually 0.881 gets revisited.
  • #3,692
  • Nov 8, 2017 2:13am Nov 8, 2017 2:13am
Quoting longshot_nl
{quote} ok. I got stopped out though after area got respected for a few hours. got to respect the stop loss... if some more convincing bulls come in usually 0.881 gets revisited.
Excuse me but you are far too precise for this market. Your set up played out perfectly, given the time of day - London close and New York winding down in Eur and Gbp trading. We now see an "Adam & Eve" bottom on the hourly chart, with a notional target of .8870:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp171108m15.PNG Size: 34 KB
Gone to a better place
  • #3,693
  • Nov 8, 2017 2:21am Nov 8, 2017 2:21am
Pending long at .8835, SL at .8825, TP1 at .8870. I think I can sail that course.
Gone to a better place
  • #3,694
  • Nov 8, 2017 2:47am Nov 8, 2017 2:47am
I have mentioned .8830 a few times before:

Attached Image (click to enlarge)
Click to Enlarge Name: .8830.PNG Size: 51 KB
Gone to a better place
  • #3,695
  • Nov 8, 2017 6:57am Nov 8, 2017 6:57am
Quoting smikester
{quote} Excuse me but you are far too precise for this market. Your set up played out perfectly, given the time of day - London close and New York winding down in Eur and Gbp trading. We now see an "Adam & Eve" bottom on the hourly chart, with a notional target of .8870: {image}
Perhaps..
I have pending buy at .8816. sl .8809 its normal before .887
  • #3,696
  • Nov 8, 2017 9:49am Nov 8, 2017 9:49am
0.9000-0.9050 area in next 24h
Attached Image (click to enlarge)
Click to Enlarge Name: imgur-2017_11_08-18:38:41.png Size: 110 KB
  • #3,697
  • Nov 8, 2017 11:46am Nov 8, 2017 11:46am
Quoting bingo60
0.9000-0.9050 area in next 24h {image}
Really? That's good news
Gone to a better place
  • #3,698
  • Nov 8, 2017 12:47pm Nov 8, 2017 12:47pm
Quoting smikester
{quote} Really? That's good news
My brother, I swear to you
  • #3,699
  • Nov 8, 2017 1:07pm Nov 8, 2017 1:07pm
what about trendline from april low? I see it was broken recently twice, but today at least it was tested and rejected.

Maybe price will rise, but in 24 hours looks very optimistic imo.

What I notice is double bottom at daily chart, which makes me think this will go up, but on the other hand dailypriceaction.com wrote https://dailypriceaction.com/daily-s...targets-0-8744 sell at 0,884. That was october 30 before double bottom, so maybe this is not valid anymore.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #3,700
  • Nov 9, 2017 6:04am Nov 9, 2017 6:04am
Last week candle very bullish and divergent... I'm staying bullish and the move this morning - was this because the government is Gombal?
Gone to a better place
6 traders viewing now