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  • #141
  • Aug 27, 2009 10:44am Aug 27, 2009 10:44am
How we looking Dazzer...
  • #142
  • Edited 5:58pm Aug 27, 2009 5:45pm | Edited 5:58pm
Well I don't mind admitting I've been very wrong over the last few days, but thats the way it is sometimes. Equities have rallied for the 8th day in a row and the £ and the $ have suffered bigtime. Despite being on the losing end more often than not, I still reckon its a "pump and dump" situation and its just a matter of time. I'll just sit tight and wait for this one to reverse. Fortunately it hasn't made too much a hole in my account. I've stopped loading up on shorts for the time being though. MM will not allow it..

How you doing?? Hope you caught those big moves north and made some dough..

Dazzer
  • #143
  • Aug 27, 2009 7:40pm Aug 27, 2009 7:40pm
Quoting Dazzer
Well I don't mind admitting I've been very wrong over the last few days, but thats the way it is sometimes. Equities have rallied for the 8th day in a row and the £ and the $ have suffered bigtime. Despite being on the losing end more often than not, I still reckon its a "pump and dump" situation and its just a matter of time. I'll just sit tight and wait for this one to reverse. Fortunately it hasn't made too much a hole in my account. I've stopped loading up on shorts for the time being though. MM will not allow it..

How you doing?? Hope...
Hi Dazzer, I think you will be ok if you can hold it out, market always retrace to breakout point she still has to go back to 61.8% if she want up hard. I make all my pips yesterday on G/J longs hehe! +50 as usual for the day is my quota. I make a bit extra but gamble it away Today I take only strict Ichimoku trades on G/J or E/J just looking for my +50 as usual to try and make +250 for the week
  • #144
  • Aug 28, 2009 2:09am Aug 28, 2009 2:09am
Quoting sinner-
Hi Dazzer, I think you will be ok if you can hold it out, market always retrace to breakout point she still has to go back to 61.8% if she want up hard. I make all my pips yesterday on G/J longs hehe! +50 as usual for the day is my quota. I make a bit extra but gamble it away Today I take only strict Ichimoku trades on G/J or E/J just looking for my +50 as usual to try and make +250 for the week
At this precise moment, PA is heading down, but of course that could change by the time you read this. Its friday, we've been bullish all week (except for me) and naturally there should be some positions closed for the weekend and month end. I'm still holding tight and should profit on the retrace.

Good luck

Dazzer
  • #145
  • Aug 28, 2009 2:42am Aug 28, 2009 2:42am
Quoting Dazzer
At this precise moment, PA is heading down, but of course that could change by the time you read this. Its friday, we've been bullish all week (except for me) and naturally there should be some positions closed for the weekend and month end. I'm still holding tight and should profit on the retrace.

Good luck

Dazzer
Please be careful Dazzer! News comes out in 50 mins from now, high impact on GBP! If she "better than expected" you win big otherwise euro might rally hard. She below daily open now so we can be short term bearish on EURGBP as long as we recognise the chance this is a pullback before the news to shoot up!

Good luck bro. Keep us posted.
  • #146
  • Aug 28, 2009 3:56am Aug 28, 2009 3:56am
Quoting sinner-
Please be careful Dazzer! News comes out in 50 mins from now, high impact on GBP! If she "better than expected" you win big otherwise euro might rally hard. She below daily open now so we can be short term bearish on EURGBP as long as we recognise the chance this is a pullback before the news to shoot up!

Good luck bro. Keep us posted.

News was slightly bullish for the pound, but not sure if it was enough to push this where I need it to go. My thoughts are that its the month end, lots of profit-taking and the steep rally this week will also naturally need to de-flate. I reckon this is more important than the news.

Stocks have gone up again this morning, which has been affecting the "flight to safety" currencies. I expect any downside action (if it happens) to probably be this afternoon as its a bank holiday here in the UK on Monday and traders will not want to hold on for 3 days.

Been wrong all week though, so we shall see.. I have to be right sometime mate...


Dazzer
  • #147
  • Aug 28, 2009 4:43am Aug 28, 2009 4:43am
Quoting Dazzer
Been wrong all week though, so we shall see.. I have to be right sometime mate...


Dazzer

Daily TF is rough but payoff is big if she hold! Rain green pips for Dazzer , next time you will watch H1 and M15 for your entry on the daily signal
  • #148
  • Aug 28, 2009 5:19am Aug 28, 2009 5:19am
Latest Helpful Charts 4 those who Care...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurGbp-6-6.gif Size: 21 KB
Click to Enlarge Name: EurGbp-6-6(1).gif Size: 32 KB
  • #149
  • Aug 28, 2009 5:33am Aug 28, 2009 5:33am
Quoting Hasnaa
Latest Helpful Charts 4 those who Care...

I like your charts hasnaa. Is that an indicator or do you draw those butterflies/Gartly patterns yourself??

What is your direction?
Come on lets rev up this thread..

Dazzer
  • #150
  • Aug 28, 2009 5:35am Aug 28, 2009 5:35am
Quoting sinner-
Daily TF is rough but payoff is big if she hold! Rain green pips for Dazzer , next time you will watch H1 and M15 for your entry on the daily signal
We'll see. When it drops eventually it should be dramatic.

The daily is looking promising for me at the moment, even though I'm staring at 6 potential losers. My risk is small, my stop is big, so I feel ok.

Probably tease for a bit though and maybe another test of the recent highs, then a range, then down (much to my annoyance).

Dazzer
  • #151
  • Sep 2, 2009 8:01am Sep 2, 2009 8:01am
the eur/gbp was moving inside the 8830 and 8765 area, now it passed the 8765 resistance and is going to probably start a trend dowwwnn.

I'm on a short wave right now, the cci and rsi show downside pressure in the daily chart too.

Good trading people.
  • #152
  • Sep 2, 2009 8:26am Sep 2, 2009 8:26am
I shall make a long if it makes a clear regular divergence in the range of 200 SMA line in 1H chart........It is now at its daily support one and weekly pivot........

With regards
kawser
  • #153
  • Sep 3, 2009 4:26am Sep 3, 2009 4:26am
The Latest Helpful Charts 4 Those Who R Still Care To This Pair...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurgbp-6-12(1).gif Size: 32 KB
  • #154
  • Sep 18, 2009 2:30am Sep 18, 2009 2:30am
hey guys this is my first time looking at this pair any tips?
  • #155
  • Sep 19, 2009 10:04am Sep 19, 2009 10:04am
Quoting Hasnaa
The Latest Helpful Charts 4 Those Who R Still Care To This Pair...
Could you explain your chart? it's barish gartly pattern?

Thx
Vedanta - The End Of Knowledge. ~ J. Krishnamurti ~
  • #156
  • Sep 25, 2009 8:47am Sep 25, 2009 8:47am
I'm just looking for some kind of patterns here, as trading has been wacko since the G20 began yesterday.

An ascending triangle here on a shorter time frame. Bull flag on 4h.

Price may well trickle down a little further and end there at the weekend: traders taking profits and having a nice rest.

Saying this, EURGBP and GBPUSD have been closely correlated, and the cable is up and down like a jack hammer.
Attached Image(s) (click to enlarge)
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Probability Professor
  • #157
  • Sep 25, 2009 9:13am Sep 25, 2009 9:13am
What are peoples opinions on this pair? Another breakout or a retracement due?
Probability Professor
  • #158
  • Sep 27, 2009 10:50pm Sep 27, 2009 10:50pm
Quoting Galation
What are peoples opinions on this pair? Another breakout or a retracement due?
it looks like we are heading to 1.00

The british economy is being hit hard. It will depend if the euro can hold its levels, but the dollar is coming back with a vengeance.

.9319 is the next target of March 11, 2009. If it is breached then .95 is the next resistance level dating back 12/17/08, 1/25/09 and 3/17/09

my .02
  • #159
  • Sep 28, 2009 4:06am Sep 28, 2009 4:06am
I sold at the long term 61.8 retrace of this pair, I wanted to get in at the 1 hour pin but wasn't around so entered on the 4hr, its really moving down nicely.

I was long and managed to exit at around .928, now short. The 61.8 retrace is one of the only Counter trend trades I make, especially how the EG has been tearing it up lately.

Attached Image (click to enlarge)
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  • #160
  • Sep 30, 2009 3:24am Sep 30, 2009 3:24am
The Process 2b Completed...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EUR.GBP-7-8(1).gif Size: 27 KB
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