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EUR/GBP - What a great pair to trade!

  • #761
  • Jul 1, 2010 2:33am Jul 1, 2010 2:33am
Oh my god, where is it going?!
  • #762
  • Jul 1, 2010 2:46am Jul 1, 2010 2:46am
This is going down soon enough. We'll be sure after it goes through 0.8200
  • #763
  • Jul 1, 2010 2:48am Jul 1, 2010 2:48am
I think the EUR PMI is gonna be better than forecasted, seeing the country-based reports I just saw.
Watch out guys, things could go ugly in 12 minutes!
  • #764
  • Jul 1, 2010 2:53am Jul 1, 2010 2:53am
Quoting Liberteh
Manufacturing PMI of the GBP will be better than forecasted, what's your thought on this one?
I wouldn't guess it but it's one of my favourite news releases. Why? Because Thomson Reuters subscribers get the information 2 minutes before everyone else. So If you see a strong move at 9:28 BST then you can be sure it will move more at 9:30.

Just a bit of fun. Don't do it!
Gone to a better place
  • #765
  • Jul 1, 2010 3:00am Jul 1, 2010 3:00am
EUR PMI the same as forecast, no shock there..soo, going down?
  • #766
  • Jul 1, 2010 3:01am Jul 1, 2010 3:01am
indeed stayed at 55.6. Is this good? (for the downtrend)
  • #767
  • Jul 1, 2010 3:05am Jul 1, 2010 3:05am
Quoting Liberteh
indeed stayed at 55.6. Is this good? (for the downtrend)
In a way yes, we should wait for the GBP PMI and we'll know for sure. We still havent broken the resistance at 0.8218, and all indicators show it will go bearish soon. So let's wait untill more unfolds, and lets get this baby down to about 0.8131.
  • #768
  • Jul 1, 2010 3:08am Jul 1, 2010 3:08am
I'm -12 @ my available marge right now. I hope my accounts can keep it up (with the uptrend at the moment) for another 20-25 minutes.
  • #769
  • Jul 1, 2010 3:15am Jul 1, 2010 3:15am
-18.50 :-(

Hope this is gonna be downtrending real soon, or I'll be broke.
  • #770
  • Jul 1, 2010 3:21am Jul 1, 2010 3:21am
Ah it was too early to enter, but in 10 minutes GBP PMI, whats your SL?

Edit: PMI about the same, no sign of change thus..
  • #771
  • Jul 1, 2010 3:33am Jul 1, 2010 3:33am
I lost it
  • #772
  • Jul 1, 2010 3:40am Jul 1, 2010 3:40am
Im going for another run (10k units max)
I think it'll go up for a while now, so bet for a uptrend?
  • #773
  • Jul 1, 2010 4:21am Jul 1, 2010 4:21am
This looks like a good selling area... I might post a chart soon.
Gone to a better place
  • #774
  • Jul 2, 2010 1:19am Jul 2, 2010 1:19am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp100702h8.png Size: 64 KB


We can see from this chart that, in a downtrend, we tested and rejected this level .8240 on June 9th. Broke through on 25th and now we are retesting. I'm scaling in here for another run at .8000.
Gone to a better place
  • #775
  • Jul 2, 2010 1:39pm Jul 2, 2010 1:39pm
Pin bar on weekly chart + divergence on daily = risky trade, buy order at the high of today candle
Attached Image
  • #776
  • Jul 2, 2010 3:05pm Jul 2, 2010 3:05pm
Quoting gsfx
Pin bar on weekly chart + divergence on daily = risky trade, buy order at the high of today candle
Yes good call. my stop losses were murdered on this pair and we're looking bullish the now, as we say here in Scotland.
Gone to a better place
  • #777
  • Jul 5, 2010 8:12pm Jul 5, 2010 8:12pm
Sold EURGBP on this downtrend channel


http://2.bp.blogspot.com/_8texnURUcC...600/EURGBP.bmp

http://www.myfxbook.com/widget?id=38...pe=1&color=red
"There's a big difference between looking successful and being successful"
  • #778
  • Jul 6, 2010 5:31am Jul 6, 2010 5:31am
Quoting oldmaster
Sold EURGBP on this downtrend channel
I'm sure that's a good trade. I entered for completely different reasons. I entered short at .8300. We are still in a downtrend on the daily chart. We bounced off .8300 - .8250 area and then broke down to .8100. Now we are retesting the .8300 level prior to another test of .8000. That's the theory, anyway. Here's a chart with some good divergence off .8300:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp100706.gif Size: 17 KB
Gone to a better place
  • #779
  • Jul 6, 2010 6:24am Jul 6, 2010 6:24am
Opened long at the retest of 0,8250 , my stop is a little lower of 0,8200, s/r level were if price bounce we might see a HS pattern ,if break next s/r level 0,8070.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.JPG Size: 80 KB
  • #780
  • Jul 6, 2010 11:50am Jul 6, 2010 11:50am
broadening bottom playing out? heading to 8420-40 before 8407 right shlder of H&S?

Attached Image (click to enlarge)
Click to Enlarge Name: egwkly.jpg Size: 95 KB
it had seemed so obvious at the time
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