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EUR/GBP - What a great pair to trade!

  • #601
  • May 14, 2010 6:10am May 14, 2010 6:10am
Quoting smikester
Pin bar on the 8 hour off 0.8600. Closing my longs. Sigh... Down we go again I suspose.
Smikester, I trade the 4 hour chart and it looks bearish too. I'm short @ 0.8583, TP 0.8500, SL 8620.

Regards
Nectarios
  • #602
  • May 14, 2010 6:17am May 14, 2010 6:17am
Quoting Nectarios
Smikester, I trade the 4 hour chart and it looks bearish too. I'm short @ 0.8583, TP 0.8500, SL 8620.

Regards
Nectarios
Looks good to me. Friday will work in our favour this time I think. (Those are almost exactly my trades)
Gone to a better place
  • #603
  • May 14, 2010 6:21am May 14, 2010 6:21am
Quoting archimede
smikester, nice patience on your part to 8600....i'm looking at 8640 confluence area of weekly pivot, DTL and 61.8 fib expansion of A-B-C projection (9410-8600-9150) on weekly chart

now what i need is a little of your patience
Thanks. It doesn't get much better than that, eh? Now your calculations are looking a little too complicated for me. Care to post a chart?
Gone to a better place
  • #604
  • May 14, 2010 7:06am May 14, 2010 7:06am
it doesnt look gd now.....make or break time....bear flag on lower TF

also, might be abit of a reach but if GU breaks 4470 low....got a limit 4340 waiting

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it had seemed so obvious at the time
  • #605
  • May 14, 2010 7:15am May 14, 2010 7:15am
ha....went long at 8564 targeting 8640....on the tightest stop my sexy broker would allow


3 drives up to complete the bear flag?.....8660 the max i give it...thats if it gets back up to the recent high at all
it had seemed so obvious at the time
  • #606
  • May 14, 2010 9:45am May 14, 2010 9:45am
got ugly pretty quick after market open....i guess its dont-touch-euro week....at least on the buy side
it had seemed so obvious at the time
  • #607
  • May 14, 2010 5:35pm May 14, 2010 5:35pm
Quoting smikester
Pin bar on the 8 hour off 0.8600. Closing my longs. Sigh... Down we go again I suspose.
Great analysis smikester

just wondering..... 8hr pin bar??
which platform you're using to get 8hr charts?
  • #608
  • May 15, 2010 6:15am May 15, 2010 6:15am
Quoting IdentifyTren
Great analysis smikester

just wondering..... 8hr pin bar??
which platform you're using to get 8hr charts?
There are several programs which make MT4 change the bar multiples but on the H4 the feed is important, too as there are 6 possible H4 bars. Experience helps, and sometimes I just draw them on graph paper. I'll post the multiplier if you want it.
Gone to a better place
  • #609
  • May 17, 2010 3:05am May 17, 2010 3:05am
Quoting smikester
There are several programs which make MT4 change the bar multiples but on the H4 the feed is important, too as there are 6 possible H4 bars. Experience helps, and sometimes I just draw them on graph paper. I'll post the multiplier if you want it.
coooll... sure please post the multiplier... thanks again
  • #610
  • May 17, 2010 8:43am May 17, 2010 8:43am
Here is the multiplier: http://www.forexfactory.com/showpost...2&postcount=12

It was Jarroo who usually posts on the James 16 thread who introduced me to this concept. It seems to work well, but doesn't always combine bars how you want. That's why I sometimes take the OHLC of a given period and just draw it on graph paper.

Here is another interesting thread on the same lines. I have not investigated it but sounds encouraging: http://www.forexfactory.com/showthread.php?t=206301
Gone to a better place
  • #611
  • Edited 1:54pm May 17, 2010 1:39pm | Edited 1:54pm
Short 0,8540...tp 0,8500... SL around 0,8565
Will BE once i'm in profit

Today ain't a good day...i should rest...cya later!
COT: The precious data ignored
  • #612
  • May 18, 2010 4:17am May 18, 2010 4:17am
Last sells stopped at break even. Hmm can't win em all. The price is racing up to .8600 and I'm looking for an excuse to short off this level which looks good value.
Gone to a better place
  • #613
  • May 18, 2010 4:35am May 18, 2010 4:35am
Quoting smikester
Last sells stopped at break even. Hmm can't win em all. The price is racing up to .8600 and I'm looking for an excuse to short off this level which looks good value.
hmmm.. better gbp news, worser EUR ZEW news .. and EURGBP goes up
  • #614
  • May 18, 2010 4:44am May 18, 2010 4:44am
Looks like reversing at .8599 on my feed. That is only good news. With a weekly close last week below .8600 the price is now jammed there.
Gone to a better place
  • #615
  • May 18, 2010 5:35am May 18, 2010 5:35am
Quoting IdentifyTren
hmmm.. better gbp news, worser EUR ZEW news .. and EURGBP goes up
Came to see if I was the only one who noticed this.

Anyone got ideas on what it means?
  • #616
  • May 18, 2010 5:44am May 18, 2010 5:44am
It means EUR/GBP is going down but only after we get a bit more liquidity.
Gone to a better place
  • #617
  • May 18, 2010 5:44am May 18, 2010 5:44am
Quoting smikester
Looks like reversing at .8599 on my feed. That is only good news. With a weekly close last week below .8600 the price is now jammed there.
I just went short @ .8590, 50% TP .8550 + 50% .8500, SL .8615

Regards
Nectarios
  • #618
  • May 18, 2010 6:00am May 18, 2010 6:00am
Thanks Nectarios, we needed your 10 billion
Gone to a better place
  • #619
  • May 18, 2010 6:05am May 18, 2010 6:05am
Quoting smikester
Thanks Nectarios, we needed your 10 billion
lol I'm 9.999.990.000 short.... :-)
  • #620
  • May 18, 2010 6:24am May 18, 2010 6:24am
it'll be a very nice area 4 loading SHORT !



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