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EUR/GBP - What a great pair to trade!

  • #21
  • Dec 16, 2009 4:23am Dec 16, 2009 4:23am
Well, I'm still in the above trade. They say it pays to be patient and they are right. I took half off at 9035 as I was a bit concerned it wasn't going to go. I'm still waiting for an opportunity to close the other half.
Gone to a better place
  • #22
  • Dec 16, 2009 4:28am Dec 16, 2009 4:28am
hi guys.. here is my NEO WAVE COUNT..

may be it help you and guild you Where it his FOLLOW NEXT WAVE!!!


I dont know you people dont understand .


But Eur/gbp my count Subdivision and meaning is Mind blowing.

keep cool and Then Trade!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2qc0yrk.png Size: 232 KB
DRAGON-TECHNICAL ANALYSIS!
  • #23
  • Dec 16, 2009 4:40am Dec 16, 2009 4:40am
Don't worry we understand. Thank you for the chart. I keep wondering when it will go to 1.000 and I think your wave count looks correct. I have no knowledge of Elliot wave.

But I do see the support at 8840. And that upper trend line break is the one to look for.
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  • #24
  • Dec 16, 2009 7:25am Dec 16, 2009 7:25am
Sell .8896
Trader from Croatia
  • #25
  • Dec 16, 2009 9:21am Dec 16, 2009 9:21am
On Nov 16 the RSI was at 36 (Daily) and the trend changed and the RSI is same now .. what you guys think will happen.
  • #26
  • Edited 10:28am Dec 16, 2009 10:15am | Edited 10:28am
Quoting ILoveFF
On Nov 16 the RSI was at 36 (Daily) and the trend changed and the RSI is same now .. what you guys think will happen.
It looks like hitting support sometime soon - possibly 8840 and it may reverse. As you rightly say, this is the second stab at this level recently. It only needs a push to go right through. If we are looking at rsi we need to look at the weekly and monthly as well.
Gone to a better place
  • #27
  • Dec 16, 2009 1:21pm Dec 16, 2009 1:21pm
This is a game :-)
Now we can see the dance between .8906-.8883 (Above that SL..Not too close)
.0.8834-36 target price
After that....077x...
Trader from Croatia
  • #28
  • Dec 17, 2009 12:31am Dec 17, 2009 12:31am
Quoting Geene
Sell .8896
SL .8886

Safe play
Trader from Croatia
  • #29
  • Dec 17, 2009 1:18am Dec 17, 2009 1:18am
+ 10
Trader from Croatia
  • #30
  • Dec 17, 2009 8:07am Dec 17, 2009 8:07am
I closed the above trade at 8909 for anybody who's interested. Waiting now...
Gone to a better place
  • #31
  • Dec 20, 2009 9:15am Dec 20, 2009 9:15am
Can it be a Doji?

Attached Image (click to enlarge)
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  • #32
  • Edited 9:44pm Dec 20, 2009 9:39pm | Edited 9:44pm
Yes it can. Thanks for the heads up. I'm not too up on candle formation but this pair has hit a support level.

8850 became an important level 15 years ago where it was resistance. It now looks like becoming support. I think the time of year may be a factor and if I trade off this double bottom on the daily it will be carefully.

Interestingly Eur/Usd has reached a support level at 1.43xx

I think we could be in for an interesting New Year.
Gone to a better place
  • #33
  • Dec 20, 2009 9:54pm Dec 20, 2009 9:54pm
I would like to post a link to a post by a trader for whom I have lots of respect:

http://www.forexfactory.com/showpost...75&postcount=6
Gone to a better place
  • #34
  • Dec 21, 2009 4:09am Dec 21, 2009 4:09am
Source-ECPluse

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp21_12_2009.gif Size: 28 KB


The potential reversal zones of our previous explained ideal [BAT] pattern is still under preparation. The secondary image explains the ratios studies of the pattern, which the royal pair is still respecting. Henceforth, we keep our bullish outlook on the intraday basis. Stochastic added further confirmation and AROON down is moving freely below the value of 30.00.
The trading range is among the key support at 0.8690 and key resistance now at 0.9070.
The general trend is to the upside as far as 0.8020 area remains intact with targets at 1.0000 followed by 1.0400 levels.

Support0.88650.88200.87900.87200.8700Resistance0.89050.89600.90000.90300.9070RecommendationBased on the charts and explanations above our opinion is, buying the pair from 0.8885 targeting 0.9000 and stop loss below 0.8800 might be appropriate.
  • #35
  • Dec 21, 2009 4:44am Dec 21, 2009 4:44am
Quoting ILoveFF
Source-ECPluse

Attachment

The potential reversal zones of our previous explained ideal [BAT] pattern is still under preparation. The secondary image explains the ratios studies of the pattern, which the royal pair is still respecting. Henceforth, we keep our bullish outlook on the intraday basis. Stochastic added further confirmation and AROON down is moving freely below the value of 30.00.
The trading range is among the key support at 0.8690 and key resistance now at 0.9070.
[size=2]The...

Indeed very good pattern work yes I agree with Bullish Bat

but Just correction or just a Correction the Pattern doesn't tell you.. And just try The measurment on daily chart if 8971 It Back down 0.382% of D to E ..

so we having Bullish CRAB on Daily Chart so EG below 8640 level..

DRAGON-TECHNICAL ANALYSIS!
  • #36
  • Dec 21, 2009 1:19pm Dec 21, 2009 1:19pm
Source-Ecpulse

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp21_12_2009_2.gif Size: 29 KB


In accordance with our morning analysis, the royal pair inclined steadily, forming a bullish candlestick formation on the four-hour chart which assisted it to attack the pivotal resistance level of 0.8905. Our previous explained ideal [BAT] pattern is still in progress. Therefore, we keep our overview to the upside for the rest of the day.
The trading range is among the key support at 0.8690 and key resistance now at 0.9070.
The general trend is to the upside as far as 0.8020 area remains intact with targets at 1.0000 followed by 1.0400 levels.
  • #37
  • Dec 21, 2009 1:59pm Dec 21, 2009 1:59pm
Quote
Indeed very good pattern work yes I agree with Bullish Bat

but Just correction or just a Correction the Pattern doesn't tell you.. And just try The measurment on daily chart if 8971 It Back down 0.382% of D to E ..

so we having Bullish CRAB on Daily Chart so EG below 8640 level..

here is my post on one of our site, this shd give the actual picture of EURGBP, am long till 0.9000

http://www.4xsimplified.com/trades/e...erm-over-view/
  • #38
  • Dec 22, 2009 5:21am Dec 22, 2009 5:21am
News provided the Fuel to the Trend!!!

Attached Image (click to enlarge)
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  • #39
  • Dec 22, 2009 6:07am Dec 22, 2009 6:07am
Quoting ILoveFF
News provided the Fuel to the Trend!!!

Attachment
How did you attach the table to your message? I have been experiencing difficulty pasting tables or charts in my postings.

Thanks
  • #40
  • Dec 22, 2009 6:49am Dec 22, 2009 6:49am
Here you are: http://www.forexfactory.com/showthre...t=53366&page=3
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