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Eur/Gbp 30

  • #21
  • Dec 22, 2009 2:50pm Dec 22, 2009 2:50pm
I managed to catch 21 pips from 8938 to 8914 plus spread.
I see we have a new high from yesterday,which might mean we are gaining strenght!
First chart caught me out so added the fib levels again.
GBP/USD was going towards news at the time ,must remember NEWS NEWS NEWS dam-it.Never trade towards /during news time.
We also had a 50% retractment from the high.
  • #22
  • Dec 22, 2009 2:57pm Dec 22, 2009 2:57pm
Interesting how it keeps kissing the 55EMA on M15!
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 55 KB
  • #23
  • Dec 22, 2009 3:21pm Dec 22, 2009 3:21pm
Lets see if we break another new high tomorrow !@8945
Attached Image (click to enlarge)
Click to Enlarge Name: eur11.gif Size: 60 KB
  • #24
  • Dec 22, 2009 5:40pm Dec 22, 2009 5:40pm
Looking at the H4 chart ,and i see a Head and shoulders appear!
Whoopy.
Hope im looking in the right places .
Attached Image (click to enlarge)
Click to Enlarge Name: eur10.gif Size: 61 KB
  • #25
  • Dec 22, 2009 5:57pm Dec 22, 2009 5:57pm
The way i see GBP/USD going down all the while , makes me wonder.Which way is this going to go.Seems as though it is all pointing up.But will only know when we break the one of the support lines for real!
Between 8850 or 8920.So i will take note and chill out/sleep .If we hit a new high tomorrow ,then theres the support at 8920!
Thats the plan.Happy trading all!
  • #26
  • Dec 22, 2009 6:47pm Dec 22, 2009 6:47pm
Maybe we will test the lows first of all,before we try for a new high.
Just a thought.
00:40GMT 23 Dec.Something tells me we wont break 8945.
High inpact NEWS tomorrow from Bank of England (BOE), Monetary Policy Committee (MPC)
The lows/support!
1:8883
2:8890
3:8910
  • #27
  • Dec 26, 2009 9:39am Dec 26, 2009 9:39am
As you can see we tested our low of the day,to within 1-3 pips .And whent past our High of 8945.
Now we have broken the channel,up up we go.
But hold on, we have to ask ourselves why this has happened GBP/USD weakness.Be careful as it seems it does not want to break the 1.6000 mark .Great support there .need to check,wait is going on with that pair before we trake a trade!
Attached Image (click to enlarge)
Click to Enlarge Name: eur101.gif Size: 76 KB
  • #28
  • Dec 31, 2009 12:37pm Dec 31, 2009 12:37pm
Happy New Year Everyone
  • #29
  • Jan 2, 2010 11:44am Jan 2, 2010 11:44am
I see we have returned to the downside!
Maybe we will return to the upside,as there was good support @8850.
Lets see if we can break 8920...
Will wait and see, whats in store in the channel.
Attached Image (click to enlarge)
Click to Enlarge Name: channel.gif Size: 80 KB
  • #30
  • Jan 4, 2010 4:18pm Jan 4, 2010 4:18pm
I see we have brocken the channel. And whent onto a high of 8965.
The thing which puzzled me was, why didnt it retrace from 8930.
Guess it was the, good old GBP/USD weakness.
Still was good for 30 pips from 8965 to 8935.
Attached Image (click to enlarge)
Click to Enlarge Name: channel11.gif Size: 79 KB
  • #31
  • Jan 5, 2010 4:26am Jan 5, 2010 4:26am
I am begining to wonder if we are about to test the high of the 30th of Dec09.@9054
That would make a perfect upside-down Head & Shoulders.
Attached Image (click to enlarge)
Click to Enlarge Name: fib.gif Size: 77 KB
  • #32
  • Jan 5, 2010 6:28am Jan 5, 2010 6:28am
Quoting Tvrspeed12
Im starting out again trying to work out where the heck ,im going wrong with my trading .
Here We Go...!
You might start by forgetting head and shoulder formations as the chart you have posted does not show one, and concentrate on support and resistance levels and where these affect the trend. This pair has been ranging for 10 weeks and I am keeping my money under the mattress until it breaks. Hope you don't mind this criticism.
Gone to a better place
  • #33
  • Jan 6, 2010 10:21am Jan 6, 2010 10:21am
Quoting smikester
You might start by forgetting head and shoulder formations as the chart you have posted does not show one, and concentrate on support and resistance levels and where these affect the trend. This pair has been ranging for 10 weeks and I am keeping my money under the mattress until it breaks. Hope you don't mind this criticism.
No i dont mind your criticism.
Feel free ,whenever you think im on the wrong trak
will look more closley at S&R
  • #34
  • Edited 10:29am Jan 6, 2010 10:29am | Edited 10:29am
Chart from yesterday ,nice bounce off the fib 61.8
  • #35
  • Jan 6, 2010 10:31am Jan 6, 2010 10:31am
Helps if i put a chart
Attached Image (click to enlarge)
Click to Enlarge Name: fib1.gif Size: 72 KB
  • #36
  • Jan 6, 2010 5:27pm Jan 6, 2010 5:27pm
Like to share some charts ,where my S&R support & resistance are!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: support h1.gif Size: 75 KB
Click to Enlarge Name: support h4.gif Size: 79 KB
  • #37
  • Jan 6, 2010 5:36pm Jan 6, 2010 5:36pm
Todays charts
Nice move upwards!
Attached Image (click to enlarge)
Click to Enlarge Name: fib.gif Size: 72 KB
  • #38
  • Jan 7, 2010 5:03am Jan 7, 2010 5:03am
Quoting Tvrspeed12
Todays charts
Nice move upwards!
Really nice on this, hope u get your profit
  • #39
  • Jan 10, 2010 1:16pm Jan 10, 2010 1:16pm
Quoting TipTop
Really nice on this, hope u get your profit
Yes thanks ,i only took my 30 pips
Leave some on the table for other to take profit
  • #40
  • Jan 10, 2010 1:23pm Jan 10, 2010 1:23pm
Really slow day
Attached Image (click to enlarge)
Click to Enlarge Name: fib.gif Size: 78 KB
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