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EUR/GBP - What a great pair to trade!

  • #321
  • Jan 28, 2010 4:55am Jan 28, 2010 4:55am
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alittle messy but here goes....


smikester, not DBS...just a small fish swimming amongst the sharks....6mths in and trying to stay afloat


btw, just got back frm your side of the world
it had seemed so obvious at the time
  • #322
  • Jan 28, 2010 5:05am Jan 28, 2010 5:05am
Just let me put on my shades... Thanks archimede!
Gone to a better place
  • #323
  • Jan 28, 2010 5:11am Jan 28, 2010 5:11am
I have started feeling this pair as the Worst One ... It doesnt have his own identity.

No Indicator or chart will work ... Its all correlation

The Conditions

EUR/GBP will be UP if GBP/USD is DOWN and EUR/USD will UP or FLAT.

EUR/GBP will be DOWN if GBP/USD is UP and EUR/USD is DOWN or FLAT.

It all depends upon on GBP/USD and EUR/USD , if I want to trade EUR/GBP then I have to check EUR/USD and GBP/USD, then if I invest that much time to see there trend then why shouldnt I trade them, as the EUR/USD and GBP/USD been traded by 98% of traders at least it follow the technical analysis.

Its my just my opinion.
  • #324
  • Jan 28, 2010 5:14am Jan 28, 2010 5:14am
gosh....just when i thought the posts by others were messy....mine takes the cake.....lucky no ichimoku stuff etc

looking to scale in at 8596...pound pairs looking to retest?
it had seemed so obvious at the time
  • #325
  • Jan 28, 2010 5:17am Jan 28, 2010 5:17am
Quoting ILoveFF
I have started feeling this pair as the Worst One ... It doesnt have his own identity.

No Indicator or chart will work ... Its all correlation

The Conditions

EUR/GBP will be UP if GBP/USD is DOWN and EUR/USD will UP or FLAT.

EUR/GBP will be DOWN if GBP/USD is UP and EUR/USD is DOWN or FLAT.

know how u feel....i given up on eurchf too....except when SNB intervenes
eurchf now on a bullish bat pattern....look at H4 for the last 5 days....geez its killing me
it had seemed so obvious at the time
  • #326
  • Jan 28, 2010 5:24am Jan 28, 2010 5:24am
See now EUR/USD going UP but EUR/GBP going down coz GBP/USD going up too.

At least EUR/USD listened to RSI and going UP, 15 min chart.
  • #327
  • Jan 28, 2010 5:31am Jan 28, 2010 5:31am
lost my bet... -5pips

This babe drive me crazy... currently @ S3 0.8614
  • #328
  • Jan 28, 2010 5:34am Jan 28, 2010 5:34am
ILoveFF,

I dont look at the correlation with EU much....swissy pretty much rules, and its inverse relation with EU is strong....too many charts to monitor at the same time and gets tiring, it does conflict with my decision making in the end....i just zoom in on a pair when certain criteria is met

one thing i dont do is go long on EU and short swissy or vice versa the same time...asking for trouble

my 2 cents
it had seemed so obvious at the time
  • #329
  • Jan 28, 2010 5:38am Jan 28, 2010 5:38am
Quoting dswk

This babe drive me crazy... currently @ S3 0.8614

this could be it...1.27 bullish pattern complete on H1.....i'm still looking for that climax sell to 8575ish area

got my limits on....logging off now

good luck everyone and happy pipping
it had seemed so obvious at the time
  • #330
  • Jan 28, 2010 6:11am Jan 28, 2010 6:11am
What will happen if Bernanke loose its position?

On all USD pairs?
  • #331
  • Jan 28, 2010 6:29am Jan 28, 2010 6:29am
Quoting ILoveFF
I have started feeling this pair as the Worst One ... It doesnt have his own identity.

No Indicator or chart will work ... Its all correlation

The Conditions

EUR/GBP will be UP if GBP/USD is DOWN and EUR/USD will UP or FLAT.

EUR/GBP will be DOWN if GBP/USD is UP and EUR/USD is DOWN or FLAT.
Man, that's a huge advantage on it. simple correlation analysis. And it trends hard.

Got SL hit on a small position taken on a Weekly PB (posted earlier), not a "Classical", but I took the chance.... I'm right now waiting for some will to go up, then I'm in... usually the trends last for a good time in this pair...

Cheers!
Many share my views with me. But I don't share them with them...
  • #332
  • Jan 28, 2010 6:32am Jan 28, 2010 6:32am
Quoting HouseTrader
Man, that's a huge advantage on it. simple correlation analysis. And it trends hard.

Got SL hit on a small position taken on a Weekly PB (posted earlier), not a "Classical", but I took the chance.... I'm right now waiting for some will to go up, then I'm in... usually the trends last for a good time in this pair...

Cheers!
Are you looking to short or go long?

Thanks in advance.
  • #333
  • Jan 28, 2010 6:46am Jan 28, 2010 6:46am
Quoting forexstrah
Are you looking to short or go long?

Thanks in advance.
Well, as good ole tdion sig says.... "my ideas are never trade advice"...

ATM I'm out. got SL hit, so my up bias is on hold for now. If we see a break of the last swing at .8800 maybe I'll take a shot (watching D1). I guess (that's all I can do...) that it can tank a little more, till strong (W1) support at .8500.. then I could think to go long again... until then, I'm just sittin on my itching hands...

I try never to anticipate the market.... just follow it when I can...

Hope that helps... Cheers!
Many share my views with me. But I don't share them with them...
  • #334
  • Edited 7:27am Jan 28, 2010 6:54am | Edited 7:27am
Quoting HouseTrader
Man, that's a huge advantage on it. simple correlation analysis. And it trends hard.
I agree with that. And I get away with half baked analysis if I only got one right...
Gone to a better place
  • #335
  • Jan 28, 2010 7:19am Jan 28, 2010 7:19am
Another Daily Low ....
  • #336
  • Jan 28, 2010 8:41am Jan 28, 2010 8:41am
Quoting swano
ok this is going to sound dumb but

trading usd jpy now selling

but have a question on fib retracement when the price is down?

do you start at the top of the higest candel to the lowest candel top( high price) or bottom( low price)?


or undernethe the top candel
to undnether the bottom candel

bit of a derh question
http://www.fibonacciqueen.com/public/939.cfm
The Chonchy
  • #337
  • Jan 28, 2010 8:46am Jan 28, 2010 8:46am
Quoting ILoveFF
What will happen if Bernanke loose its position?

On all USD pairs?
well I don't know what will happen to the usd but I'll make a big party
The Chonchy
  • #338
  • Jan 28, 2010 9:15am Jan 28, 2010 9:15am
Quoting chonchy
well I don't know what will happen to the usd but I'll make a big party
LOL ..

See man GBP/USD going down like rocket ... What happened ... Did he said some thing ...
Treasury Sec Geithner Speaks
  • #339
  • Jan 28, 2010 9:22am Jan 28, 2010 9:22am
i don't understand the current move
  • #340
  • Jan 28, 2010 9:35am Jan 28, 2010 9:35am
i like volatility.down down down
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