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

EUR/GBP - What a great pair to trade!

#241
Jan 21, 2010 1:58pm Jan 21, 2010 1:58pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

there is too much indesition with all the china stuff and obama's new banking rules, no body wants to take it anywhere, but when it takes off is going to go far me think, and I think is down, but I have no idea, because most of my indis are unsinc so I better get a nap and wake up at sidney, later guys, smikester thanks for all, you are the man

The Chonchy

#242
Jan 21, 2010 2:29pm Jan 21, 2010 2:29pm

Leche Mocha
| Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts

Agree the trend is still down on the higher TF's.

It will probably be in a tight range until the London session then it may break down to the .85's. I wouldn't look for a significant bounce until it hits that LTL on the weekly chart.

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#243
Jan 21, 2010 3:13pm Jan 21, 2010 3:13pm

fxvoilaaa
| Joined Jan 2010 | Status: Trader | 732 Posts

Quoting Leche Mocha

Disliked

Agree the trend is still down on the higher TF's.

It will probably be in a tight range until the London session then it may break down to the .85's. I wouldn't look for a significant bounce until it hits that LTL on the weekly chart.

Ignored

thanks for the chart, will keep a look out.

also, how exactly do you use bollinger bands? are they good for s.r?

#244
Jan 21, 2010 10:35pm Jan 21, 2010 10:35pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting Leche Mocha

Disliked

Agree the trend is still down on the higher TF's.

It will probably be in a tight range until the London session then it may break down to the .85's. I wouldn't look for a significant bounce until it hits that LTL on the weekly chart.

Ignored

good chart

The Chonchy

#245
Jan 22, 2010 4:16am Jan 22, 2010 4:16am

dswk
Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts

Quoting Leche Mocha

Disliked

Agree the trend is still down on the higher TF's.

It will probably be in a tight range until the London session then it may break down to the .85's. I wouldn't look for a significant bounce until it hits that LTL on the weekly chart.

Ignored

Not so sure, for me on weekly we really have sign of return... + look @ my post some pages b4... The Bullish Garltley on Daily chart just well working now... I'm plan to close ALL my short is we pass 0.8750

note: Currently we fight with the 30M 200SMA...(@0.8724 + resistance 2) Look here if we pass it ... signs of bulls are back...

GL and good Trades ! Be patient with eurgbp it's a tricky pair !

#246
Jan 22, 2010 5:27am Jan 22, 2010 5:27am

smikester
Joined Mar 2007 | Status: Trader | 8,618 Posts

On the other hand... For me this looks like a bearish flag. I have set my chin break out alert on the borders of this flag and I will trade any convincing price action break out below. If it's a bearish flag then 2 - 300 pip further fall?

Chart:

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Gone to a better place

#247
Jan 22, 2010 6:50am Jan 22, 2010 6:50am

dswk
Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts

If we close upside 0.8755... for me, forgot sell.
Currently now i've a BEARISH Gartley on 15M/30M and H1.. let see how this develop...
looking now @H4 chart, for me price could up to 0.8780/90 zone before, eventually, another drop.... but on the weekly chart i see a turn.. so, from me, the "eventually'" drop should be limited.

#248
Jan 22, 2010 8:14am Jan 22, 2010 8:14am

Shad
| Additional Username | Joined Dec 2009 | 244 Posts

It's Flying Just Like A Missile !

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* Never Trust To Any Indicator *

#249
Jan 22, 2010 11:05am Jan 22, 2010 11:05am

dswk
Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts

no more bearish gartley no. Invalidated. Weekly Bullish Gartley Still in place.
We will see 0.88 perhaps before the market close.

#250
Jan 22, 2010 11:21am Jan 22, 2010 11:21am

Jhig
Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts

I've been Long.
I'm playing the Inside Bar on the daily chrt. Look for bullish continuation on the start of Sunday.

#251
Jan 22, 2010 12:10pm Jan 22, 2010 12:10pm

dswk
Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts

Talk that a UK clearer has been executing a rather large EUR/GBP buy order and this is being given as part of the reason for the sharp sell-off in cable. As mentioned in earlier commentary EUR/GBP buy interested had been noted at the 09:00 GMT fix.
Cable has slumped to 1.6110, EUR/GBP up at .8765 having been as high as .8777.
EDIT: TALK HAS IT THAT THE EUR/GBP BUY INTEREST HAS BEEN IN REGION OF EUR 2 BILLION
Suffice it to say, it’s been a hefty interest whatever the actual amount.

source : http://www.forexlive.com/tag/eurgbp

#252
Edited 1:38pm Jan 22, 2010 1:11pm | Edited 1:38pm

dswk
Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts

Based on the H4 Chart :

I'm going now sell @ 0.8775 SL 0.8820 TP open

reasons:
1- we touch the H4 50MA (i use it for trend)
2- Stoch(10.3.3), %RW, MOM and RSI look overbuy.

keep in mind : Weeky have a beautiful Bull Gartley

-> a bear correction is due now...

GL

don't follow my advice, check your chart and demo trade until you are sure ;-)

#253
Jan 23, 2010 7:39am Jan 23, 2010 7:39am

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

my 4H saids up

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and my daily saids more up, unless obama is being cut having secrets talks with president Putting from rusia

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and I'm on demo dswk

The Chonchy

#254
Jan 23, 2010 8:30am Jan 23, 2010 8:30am

Nene
| Additional Username | Joined May 2009 | 2,719 Posts

All I can say is......WOW!!!

Jim

Quoting Shad

Disliked

It's Flying Just Like A Missile !

Ignored

#255
Jan 23, 2010 8:39am Jan 23, 2010 8:39am

virgilum
| Joined Nov 2009 | Status: Trader | 30 Posts

Hello guys,

what do you think about this?

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What do you think if I say that this is just a retracement up to 38.2 of Fibo (0,8794) and then it goes down again...so it can follow EUR/USD... ???

Thanks in advance

#256
Jan 23, 2010 12:21pm Jan 23, 2010 12:21pm