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EUR/GBP - What a great pair to trade!

  • #841
  • Jul 9, 2010 7:20am Jul 9, 2010 7:20am
Quoting forexsaint
Now as we all know that all of us are short.
And as we also know that retail traders are always wrong.
And as we also know Big Boys are always on the other hand of the trade

Hence
We are all going to bang our head against SL, at last on this.

P.S. Sorry for my weird talk
I was thinking the same...LOL...
  • #842
  • Jul 9, 2010 7:40am Jul 9, 2010 7:40am
Quoting Rednose
I was thinking the same...LOL...
OMG... i just got another proof.. my weird talk can be hard Truth.

Ting Tong ! I am Friday!


P.S. Starting to wrap 'cloth' to save my A$$ ! Advise you the same friends ...lol
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #843
  • Jul 9, 2010 7:45am Jul 9, 2010 7:45am
Another FIB view...
But still holding short..
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpfibs.gif Size: 22 KB
  • #844
  • Jul 9, 2010 7:56am Jul 9, 2010 7:56am
Quoting jimbo86
HI
This is the areas i will be watching
50 day SMA at 0.8393
red and green lines for resistance, yellow and purple for support
bias at the moment is short, back to 0.825, below that 0.81-0.809 (29/6 close), possibly down to 0.79 if this turns into an expanding wedge
0.8 area is strong support though, was strong resistance through 2008

roger you jimbo.....we were discussing the broadening bottom scenario before....at least i was pushing it.....price seems to be respecting your down channel

price could head to 8208 H&S next week.....wonder if price will go nowhere tonite and close as a hammer on the Daily?
it had seemed so obvious at the time
  • #845
  • Jul 9, 2010 8:42am Jul 9, 2010 8:42am
Loving SL hit @ 8370 for all shorts.
Its Fry'Day ! Got Fri'ed
See you next week.

Hope you guys can keep up
Hastalavista



P.S. RIP for those who lost the farms
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #846
  • Jul 9, 2010 8:54am Jul 9, 2010 8:54am
Have a great weekend. I moved my stops up to .9000 LOL. They can have the other $2.00
Gone to a better place
  • #847
  • Jul 9, 2010 8:56am Jul 9, 2010 8:56am
Nice weekend guys.Till next week!
  • #848
  • Jul 9, 2010 9:06am Jul 9, 2010 9:06am
Quoting smikester
Have a great weekend. I moved my stops up to .9000 LOL. They can have the other $2.00


have a gd wkend ppl.....cya nxt week
it had seemed so obvious at the time
  • #849
  • Jul 11, 2010 1:23pm Jul 11, 2010 1:23pm
Quoting archimede
roger you jimbo.....we were discussing the broadening bottom scenario before....at least i was pushing it.....price seems to be respecting your down channel

price could head to 8208 H&S next week.....wonder if price will go nowhere tonite and close as a hammer on the Daily?

hope you all had a good weekend
I definatley see the broadening bottom as a possibility, also the h and s.
Price rising towards end of friday was disapointing, was looking for a red close on the daily, gbp seemed to get smashed by most crosses near end of trade.
price closed below my TL and also below the 50 day SMA.
0.83994 is also the lowest the pair went in 2009 and 0.84492 being the lowest weekly close
from a fundamental viewpoint, i think gbp will be stronger over longer term, euro has to many possibilitys for problems, all it takes is one of them to have another problem like greece and euro will sink.
i favour shorts, leaving tp open
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp daily.jpg Size: 104 KB
  • #850
  • Jul 12, 2010 1:42am Jul 12, 2010 1:42am
i think the market favors gbp but as of now the funnymental facts are against it.
  • #851
  • Jul 12, 2010 4:26am Jul 12, 2010 4:26am
buy limite @ 0.8360 sl 0.8326 tp 0.8420
A little beginner trader since 2006
  • #852
  • Jul 12, 2010 4:34am Jul 12, 2010 4:34am
at the bottom of channel on hourly, see where it goes from here
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp 60 min.jpg Size: 101 KB
  • #853
  • Jul 12, 2010 4:48am Jul 12, 2010 4:48am
Quoting Naseri13
buy limite @ 0.8360 sl 0.8326 tp 0.8420
sl -34
tp +60

lets wait
A little beginner trader since 2006
  • #854
  • Jul 12, 2010 8:13am Jul 12, 2010 8:13am
heres some possibilities i see
h and s, retest of green tl, or a bear flag in the making, or none of the above. 50 day SMA is at 0.8392
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp 60 min.jpg Size: 100 KB
  • #855
  • Edited 10:01am Jul 12, 2010 10:00am | Edited 10:01am
small sell @ 8395 78.6.% ret, SL 25pips.....please dont hurt me

8450 now a bridge too far?
it had seemed so obvious at the time
  • #856
  • Jul 12, 2010 10:12am Jul 12, 2010 10:12am
Quoting archimede
small sell @ 8395 78.6.% ret, SL 25pips.....please dont hurt me

8450 now a bridge too far?

i think there is a lot of resistance between here and 0.845,
50 day SMA, the green tl i have, that seems to be holding so far, monthly pivot resistance and the 09 lowest price.
do you have a target for this?
cheers
  • #857
  • Jul 12, 2010 10:34am Jul 12, 2010 10:34am
bought @ 0.8375, SL @ 0.8320
Twitter: @forexpokerpro
  • #858
  • Jul 12, 2010 9:22pm Jul 12, 2010 9:22pm
EURGBP is pretty much standing still at the moment
Attached Image
Twitter: @forexpokerpro
  • #859
  • Jul 12, 2010 10:19pm Jul 12, 2010 10:19pm
Quoting jimbo86
i think there is a lot of resistance between here and 0.845,
50 day SMA, the green tl i have, that seems to be holding so far, monthly pivot resistance and the 09 lowest price.
do you have a target for this?
cheers
adjusted sell limit to 8455 right at the top of broadening channel....also midpoint of wkly R1 8435 and wkly R2 8488....H4 fib combo 0.786/1.27 too

sorry abt the no chart, rushing out....taken on a hunch and in part chickening out on previous sell decision.....increased lot size on this one, targeting 8300..... SL 8495

later jimbo....cheers
it had seemed so obvious at the time
  • #860
  • Jul 12, 2010 11:01pm Jul 12, 2010 11:01pm
A couple of big news releases this morning will make this pair move. UK inflation figures and German business sentiment.
Gone to a better place
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