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UK joining the Euro? EURGBP at 1.0000 ?

  • #61
  • Edited 3:06am Dec 18, 2008 1:56am | Edited 3:06am
lol. I reentered at 1.9250. this is like the easiest pair to trade for me right now.
edit: got half at 0.94
  • #62
  • Dec 18, 2008 5:08am Dec 18, 2008 5:08am
We reached 0.95.... I'm reading now more rumors of EURGBP reaching parity...
When I started the thread saying that we where at 0.83.
After 1200 pips... now reading eurgbp wants to reach parity.... Now it is 1200 pips late...
what worries me is that if everybody sees parity now... it may do the opposite. So I will let this ride to parity.. and if not.. I'm out of it by now...
  • #63
  • Dec 18, 2008 6:56am Dec 18, 2008 6:56am
the gods of the market have spoken , i am not going short the pair until it reaches 1.1
  • #64
  • Dec 18, 2008 8:53am Dec 18, 2008 8:53am
We have a FALSE break out IMHO
next target is 0.83-0.81 area
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  • #65
  • Dec 18, 2008 2:55pm Dec 18, 2008 2:55pm
if this happens


god save the queen
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  • #66
  • Dec 30, 2008 6:21pm Dec 30, 2008 6:21pm
hello... how is it going... I am still riding the thing until parity as I said.... but it is hard.... I almost closed it today at 0,98 because I saw it as a strong resistance and possible double top... now it seems attacking again... will scale out half and half at 1.0. it is better to get some than nothing.

Many new trading opportunities will come in the new year. volatility is not going to die soon... the crisis is good for us, traders. Just don't trade the wrong way!

Happy new year!!!
  • #67
  • Dec 30, 2008 8:59pm Dec 30, 2008 8:59pm
Guess if pulling out the monthly charts of EURUSD & AUDUSD, it seems 0.98 handle is a ceiling.. Whether UK is joining the EUR zone, my bet is not so soon.. the EURGBP one month movement is just too spiky to fit the picture though.. just a thought and is a puzzle that i'm looking at too..

Wishing everyone a Happy & Peaceful New Year in 2009!
  • #68
  • Dec 30, 2008 9:27pm Dec 30, 2008 9:27pm
Quoting TurtleOnion
Guess if pulling out the monthly charts of EURUSD & AUDUSD, it seems 0.98 handle is a ceiling.. Whether UK is joining the EUR zone, my bet is not so soon.. the EURGBP one month movement is just too spiky to fit the picture though.. just a thought and is a puzzle that i'm looking at too..

Wishing everyone a Happy & Peaceful New Year in 2009!
Spiky you say? Parabolic move to say the least. These are the moves that correct quite violently. Can you say "Oil" anyone? "Aussie Dollar" maybe?

I don't know if it will actually make it to parity or not. However, I do know that one nasty correction is in the cards for 2009. Europe hasn't even begun to clean up it's own mess. UK and USA has. The Euro is going to get it's a** handed to it in '09 in my opinion. I know Trichet says there is no need to cut. He said that last year too, then cut.

Of course, I wait for the charts to lead the way.....My opinion doesn't move the market.

Clockwork
  • #69
  • Dec 30, 2008 10:25pm Dec 30, 2008 10:25pm
Quoting clockwork71
Spiky you say? Parabolic move to say the least. These are the moves that correct quite violently. Can you say "Oil" anyone? "Aussie Dollar" maybe?

I don't know if it will actually make it to parity or not. However, I do know that one nasty correction is in the cards for 2009. Europe hasn't even begun to clean up it's own mess. UK and USA has. The Euro is going to get it's a** handed to it in '09 in my opinion. I know Trichet says there is no need to cut. He said that last year too, then cut.

Of course, I wait for the charts to lead...
Yup... spiky... and indeed any movements which are spiky just as you mentioned oil and aussie etc are good enuff to put on my radar screen... UK and US in the process of spring cleaning... and no clear sign from EUR yet...
But as always the 2 camps are betting against each other..
  • #70
  • Dec 31, 2008 5:07am Dec 31, 2008 5:07am
I did a good choice getting half at 0,98.... it formed a double top at 0,98... let's see how much it corrects before going up again...

I won't make decisions on spikes with this international economic situation because what was a spike before... it is nothing now... I mean... if you look a chart of the existing dollars on the street... you can't see the spikes of previous crisis because the current spike is so big that all previous spikes are a flat line.
  • #71
  • Dec 31, 2008 5:28am Dec 31, 2008 5:28am
Hello emda and others. Yes it was a good idea to close partial or full at the double top, as we can always reenter later. Bearish classic divergence on the 4hr with a confirmed bearish crossover. Lets see if she maintains to keep the bearish crossover. Accoring to master trader Igrok this divergence has minimum "must reach" target @ the low of 19th this month @ 0.9282. And them divergences are like the unpayed debt that market will come back to pay sooner or later if you know what i mean I came back too late to play the short of the double top. Ok first now lets see how she deals with the high of 18ths this month and the ascending 4hr TL, thats 0.9550 - 0.9500 on price

Cheers
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  • #72
  • Dec 31, 2008 8:24am Dec 31, 2008 8:24am
based upon the forthcoming rate differential between em
the parity is a more than assured
lets just wait for the eventual wave 4 to finish above 0.93
very good investment so far

if they join or not the EZ it is another issue
  • #73
  • Jan 9, 2009 3:35pm Jan 9, 2009 3:35pm
another point of view
http://www.telegraph.co.uk/finance/c...tastrophe.html
  • #74
  • Jan 9, 2009 4:30pm Jan 9, 2009 4:30pm
Quoting MaggBeauty
England is being pressured by the bad economic conditions to think about changing the currency in its country (if Barroso words are correct) but the overall spirit in that country wouldn’t let that thing happen they need a referendum to complete the change.
However GPB has fallen and now try to reach EUR.
In terms of the general dislike of the euro, that will never subside in England. There are so many barriers in terms of the attitude against joining, which I can never see altering.

The government and the euro mob have even deprived the English of a referendum on certain aspects of the eurozone, and the single currency is being forced upon us.

I can say one thing for sure, any government that forces the euro on us will be swiftly ejected, there would be strikes and protests etc as there is no appetite for the euro.

I love to trade it, but love the sterling too much to vote for the euro. So dont speculate on that ever happening!!!!!

There would be civil unrest, not seen since the poll tax riots under Thatcher.

"We shall go on to the end, we shall fight in France,
we shall fight on the seas and oceans,
we shall fight with growing confidence and growing strength in the air, we shall defend our Island, whatever the cost may be,
we shall fight on the beaches,
we shall fight on the landing grounds,
we shall fight in the fields and in the streets,
we shall fight in the hills;
we shall never surrender" Winston Churchill
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #75
  • Jul 7, 2009 10:18pm Jul 7, 2009 10:18pm
This topic might alive again second try I believe
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  • #76
  • Aug 7, 2009 1:09pm Aug 7, 2009 1:09pm
...since I am relocating I find the time (and desire) to be a little bit more active in posting on FF.

To all of you, have a great weekend!
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  • #77
  • Edited 3:32pm Sep 16, 2009 3:22pm | Edited 3:32pm
No I didn't, and will not! I don't trade EURGBP, nor position trade. Just thought of following through, that's all. GT.
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  • #78
  • Last Post: Jul 28, 2010 3:18am Jul 28, 2010 3:18am
Anyone here would consider buying the Swiss on Friday? I am looking at the optimistic outlook for the KOF Economic Barometer.. Any opinions are warmly welcomed… : D
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