EUR/GBP - What a great pair to trade! | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/GBP

Similar Threads

How to create synthetic pair: GBP/SEK using Gbp/usd*usd/sek 4 replies

Price info indicator needed - one pair's price x another pair 5 replies

Great System to an EA, needs 1 entry per pair 1 reply

Multi-pair trading or Few-Pair Trading. [poll] 15 replies

Post your weekly cross-pair charts: EUR/AUD Looking great now 0 replies

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

EUR/GBP - What a great pair to trade!

  • #361
  • Jan 29, 2010 5:10am Jan 29, 2010 5:10am
Quoting forexstrah
Hi,

Can you explain what you mean by the pin bar? I am still learning so I hope I do not sound daft.

Also, would we still be looking for a retracement up before heading lower?

Thanks!
Pin is short for pinnochio. It tells a lie about where the price is going. I am attaching some pdf's so that you can study these because it is not a good idea to take any pin bar.

As far as retracement or heading lower, your guess is as good as mine. I will only be posting my thoughts when I've got something useful to say. This is not the only pair I trade. I will wait for days or weeks for a good set up. In between I might take a few "dodgy" set ups but I won't publish those.

Anyway here is some quality material provided by the James16 thread off the commercial section. Well worth a visit but read the first few 20 - 30 pages before posting on the thread.

Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 502 downloads

Attached File(s)
File Type: pdf Pin bars-advanced.pdf   113 KB | 452 downloads
Gone to a better place
  • #362
  • Jan 29, 2010 5:16am Jan 29, 2010 5:16am
Quoting smikester
Pin is short for pinnochio. It tells a lie about where the price is going. I am attaching some pdf's so that you can study these because it is not a good idea to take any pin bar.

As far as retracement or heading lower, your guess is as good as mine. I will only be posting my thoughts when I've got something useful to say. This is not the only pair I trade. I will wait for days or weeks for a good set up. In between I might take a few "dodgy" set ups but I won't publish those.

Anyway here is some quality material provided by the James16 thread...

Thanks heaps for the info. I really appreciate it!
  • #363
  • Jan 29, 2010 6:47am Jan 29, 2010 6:47am
Gartly !


Attached Image (click to enlarge)
Click to Enlarge Name: EG-1-29-Weekly.gif Size: 10 KB
* Never Trust To Any Indicator *
  • #364
  • Jan 29, 2010 7:08am Jan 29, 2010 7:08am
Quoting smikester
That's what I'd call almost a pin bar, on my feed. It might go but I won't be trading it. The pin does pierce the support level and we are in a downtrend. Somebody should post this on the J16 thread so they can tear it to bits...
Exactly, Mike... the meaning is what matters.... rejection of some S/R... but, I'm still waiting... got a buy stop if it brakes north...

Cheers!
Many share my views with me. But I don't share them with them...
  • #365
  • Jan 29, 2010 7:09am Jan 29, 2010 7:09am
EG, where art thou headed? pop or drop?
it had seemed so obvious at the time
  • #366
  • Jan 29, 2010 7:20am Jan 29, 2010 7:20am
Quoting archimede
EG, where art thou headed? pop or drop?
That's the 1-million pip question...
Many share my views with me. But I don't share them with them...
  • #367
  • Edited 8:29am Jan 29, 2010 7:26am | Edited 8:29am
Quoting archimede
EG, where art thou headed? pop or drop?
Looks bullish at the moment, but beware of bear bat on 1/2 hr chart.

PS: update, bear bat pattern failed guess bulls are winning now.

Another Bearish Gartley formed right after that last pattern failed, looks like tug of war right now...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp bear bat on 30 min.gif Size: 36 KB
Click to Enlarge Name: eurgbp bear bat on 30 min pattern failed bulls winning.gif Size: 38 KB
  • #368
  • Jan 29, 2010 8:49am Jan 29, 2010 8:49am
Quoting 45Fxguy
Looks bullish at the moment, but beware of bear bat on 1/2 hr chart.

PS: update, bear bat pattern failed guess bulls are winning now.

Another Bearish Gartley formed right after that last pattern failed, looks like tug of war right now...

roger you....but i see daily R2 max for now on 30M...got that horizontal red line S turned R on daily zoom out

we'll see....GU seems to have a bull pattern ard 1.6000 area, but then again swissy might just take over with a move up


my 2 cents
it had seemed so obvious at the time
  • #369
  • Jan 29, 2010 8:51am Jan 29, 2010 8:51am
oops forgot the chart sorry....another thing....could be just a shallow retrace as its 30M

Attached Image (click to enlarge)
Click to Enlarge Name: chart12.jpg Size: 192 KB
it had seemed so obvious at the time
  • #370
  • Jan 29, 2010 9:16am Jan 29, 2010 9:16am
Quoting archimede
roger you....but i see daily R2 max for now on 30M...got that horizontal red line S turned R on daily zoom out

we'll see....GU seems to have a bull pattern ard 1.6000 area, but then again swissy might just take over with a move up


my 2 cents
I hear you I can see price is bumping it's head up against those R2 lines in this template on renko 10 pip chart, but price is still some distance from the cloud so it may still pull up again.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: temp on renko 10 pip bricks.gif Size: 42 KB
  • #371
  • Jan 29, 2010 10:07am Jan 29, 2010 10:07am
today why isnt this pair volatile? have you idea about it?
  • #372
  • Jan 29, 2010 7:06pm Jan 29, 2010 7:06pm
Quoting fantom
today why isnt this pair volatile? have you idea about it?
well... EUR/GBP isn't what I'd call a volatile pair... check the ATR and match it to JPY pairs....

Chart: Interesting rejection.... a 2-day "almost" PB... my long stop is waiting it at .8700 to go north....
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 157 KB
Many share my views with me. But I don't share them with them...
  • #373
  • Edited Jan 31, 2010 6:13am Jan 30, 2010 9:32pm | Edited Jan 31, 2010 6:13am
guys check this out , is cool I downloaded it and I'm using it, you just hightlide the text and it read it for you while you are loking at the charts

http://www.naturalreaders.com/
The Chonchy
  • #374
  • Jan 31, 2010 6:31am Jan 31, 2010 6:31am
reversal bullish
Attached Image (click to enlarge)
Click to Enlarge Name: eg weekly.gif Size: 70 KB
  • #375
  • Jan 31, 2010 5:10pm Jan 31, 2010 5:10pm
bullish gartley [0.618/0.500/1.618]
, very clear and nice , Sl below D point, aiming for .91 ish
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 20 KB
  • #376
  • Jan 31, 2010 6:19pm Jan 31, 2010 6:19pm
Alright the Market has opened and the Sunday candle has closed. Still currently Long on EUR/GBP @ 0.8666. I have now reduced my initial risk on the trade by 40.91%. Will look for buying pressure to continue during London and US Sessions.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-daily.jpg Size: 121 KB
  • #377
  • Jan 31, 2010 11:34pm Jan 31, 2010 11:34pm
Took a short order at 0.8690, aint sure if it'll really go down.

Cheers,
Clairvoyant
  • #378
  • Feb 1, 2010 2:06am Feb 1, 2010 2:06am
Order got eaten, but took a short order at 0.8710
odds seem higher now.
  • #379
  • Feb 1, 2010 7:06pm Feb 1, 2010 7:06pm
Exited all my shorts in EURGBP, damn it ><
  • #380
  • Feb 1, 2010 11:39pm Feb 1, 2010 11:39pm
Might be considering going long in EURGBP. Not for certain, but i entered a long order 1 or 2 hours back at 0.8720.. Hopefully it goes well.

Cheers.
8 traders viewing now