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EUR/GBP - What a great pair to trade!

  • #561
  • Apr 22, 2010 9:57am Apr 22, 2010 9:57am
Well all my market orders were picked up and now I'm waiting for the price to bounce properly. Divergence, trend lines and support levels are all calling this move finished.
Gone to a better place
  • #562
  • Apr 23, 2010 12:02am Apr 23, 2010 12:02am
right behind you smikester....i just hope euros are bought across the board....bearish 1.27 bfly structure on swissy complete

greece and portugal are broke....with this seesawing rescue deal playing out, will EU see 1.3000 nxt wk? not today pls
it had seemed so obvious at the time
  • #563
  • Apr 23, 2010 12:54am Apr 23, 2010 12:54am
long EG 0.8615 (H4 bullish 1.618 bfly)

short GU 1.5377 (5M bearish 0.786 gartley at DP)

SL to -10pips before london session
it had seemed so obvious at the time
  • #564
  • Apr 23, 2010 2:32am Apr 23, 2010 2:32am
the shakeout by GU at open has happened again....will bull move continue? data in nxt hr....


GU stopped out +3pips, bad trade in the sense greed prevailed when +50 and took none then..... holding on to EG long
it had seemed so obvious at the time
  • #565
  • Apr 23, 2010 3:53am Apr 23, 2010 3:53am
So do we think this is another wave up to .9137? Or will the Greece situation make it down to .84?
  • #566
  • Apr 23, 2010 4:24am Apr 23, 2010 4:24am
Quoting forexstrah
So do we think this is another wave up to .9137? Or will the Greece situation make it down to .84?
your guess is as good as mine 0.81 or .91.....but .91 would be nice, ha...only becos i'm in the money...

seriously though, would like to see a matching bull candle on daily at least for a tweezer-like bottom....wkly huge bear candle retrace to half @0.8720 possible?

will take some profit there and then by golly enough patience higher, not liking the greece situation and weekend gaps too much

Attached Image (click to enlarge)
Click to Enlarge Name: chart14.jpg Size: 169 KB
it had seemed so obvious at the time
  • #567
  • Apr 23, 2010 4:57am Apr 23, 2010 4:57am
i expect cable to fall seriously as a result of the bad news,but dont worry it will fall badly remember am still bullish on eurgbp am still tergetting 0.91 region.just dont be temted to bujy cable for now.becos the market sentiment will change agains it in any moment.this is my stand and opnior.
trade save.........
  • #568
  • Apr 23, 2010 9:33am Apr 23, 2010 9:33am
I still expect the bullish continuation since greece problem is reducing.
  • #569
  • Apr 23, 2010 1:03pm Apr 23, 2010 1:03pm
It depends on your horizon

ATM, short-therm, I'm bullish E/G.... BUOB forming on daily against support. Just closed my shorts on the open of this candle, good profit. Longer therm I'm still bearish, so I'm sitting on my hands wating for the downtrend to resume to jump again...

Cheers!
Many share my views with me. But I don't share them with them...
  • #570
  • Apr 23, 2010 1:09pm Apr 23, 2010 1:09pm
Quoting HouseTrader
BUOB forming on daily against support.

May i ask yyou what is BUOB? support is at 0.8610 ish, no?
  • #571
  • Apr 23, 2010 11:55pm Apr 23, 2010 11:55pm
Quoting smikester
It is a great pair to trade, though. Makes firm moves and usually trends well over a number of days and usually respects S/R levels.
Hey Smikey!

Nice to see your thread, like E/G, is still chugging along. I've gotta pop in here more.

(Oh yeah... I've gotta get you first [inside joke] )

Inserted Video
  • #572
  • Apr 24, 2010 7:16am Apr 24, 2010 7:16am
Quoting FXSurfer
Hey Smikey!

Nice to see your thread, like E/G, is still chugging along. I've gotta pop in here more.

(Oh yeah... I've gotta get you first [inside joke] )

http://www.youtube.com/watch?v=r_4jrMwvZ2A
Hi Surfer You may have noticed I have stopped posting the roof surfer for fear of being boring. I suppose that's me in the video, is it? Anyway I deserve it for all the times I got you thinking I am so funny... Anyway, Surfer it's good to see you around and one last time for those who don't get the joke:

Attached Image
Gone to a better place
  • #573
  • Apr 24, 2010 9:28am Apr 24, 2010 9:28am
Quoting jackdan
May i ask yyou what is BUOB? support is at 0.8610 ish, no?
As House is obviously on the beach partying I will answer that. BUOB stands for Bullish Outside Bar as described in the James16 thread.
Gone to a better place
  • #574
  • Apr 26, 2010 3:09am Apr 26, 2010 3:09am
Still waiting for my bullish trades to take off. The conventional (James16 advisory) trade here is place a market order above the bullish daily bar and a stop loss below it, with probably a 10% buffer. This gives quite a good R:R if the target is the ubiquitous .8830 weekly/monthly resistance. It also ensures the trade is taken off a break above .8700 where we just bounced back down.

Cable seems to be doggedly chasing 1.5500 at the moment and until it has exhausted that option my aggressive entries on EUR/GBP at and around .8650 and around will be enduring drawdown.

Price is currently a bargain at .8633 if you think it can break .8700.
Gone to a better place
  • #575
  • Edited 4:58am Apr 26, 2010 4:46am | Edited 4:58am
is it gettin into the buy zone
  • #576
  • Apr 26, 2010 4:55am Apr 26, 2010 4:55am
surely eur is going to be bad because of grecce

havnt looked at charts yet so just guessing
  • #577
  • Apr 26, 2010 5:05am Apr 26, 2010 5:05am
buy EG @ 6810
TP 27
SL 6798

how does this trade look like
  • #578
  • Apr 26, 2010 7:59am Apr 26, 2010 7:59am
Quoting tech niche
buy EG @ 6810
TP 27
SL 6798

how does this trade look like
I like it but don't follow me! (I take it you mean as buy .8610 TP .8720 SL ??? because I don't think you'll get it at .6810)
Gone to a better place
  • #579
  • Apr 26, 2010 8:03am Apr 26, 2010 8:03am
Quoting swano
surely eur is going to be bad because of grecce

havnt looked at charts yet so just guessing
My view is Greece is already priced in. GBP has its own problems speaking fundamentals.

Also: Note: If Euro countries issuing bonds at 5% and 6% can't get a sale what rate are they borrowing at? What does this say about base rates for the Euro? I don't know, but if anyone has an opinion on this I would be interested.
Gone to a better place
  • #580
  • Apr 26, 2010 8:49am Apr 26, 2010 8:49am
Quoting smikester
I like it but don't follow me! (I take it you mean as buy .8610 TP .8720 SL ??? because I don't think you'll get it at .6810)
yes
sry bro
it was typo
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