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EUR/GBP - What a great pair to trade!

  • #1,061
  • Aug 31, 2010 6:52am Aug 31, 2010 6:52am
From what i can see the PA has been very one sided, meaning there is little contest of where we are heading, no real tries for downward movement, that we are used to seeing. Just one deal for me as of yet today.
My signature is: "Classified".
  • #1,062
  • Aug 31, 2010 7:43am Aug 31, 2010 7:43am
Wow..
8260 till now.
Pretty sexy move with approx. average volumes.
As expected and posted!
Though i was not able to catch the 2nd part of this move past 8136
I had some levels at 8643. So tight stops loved to book.

@ fammira
Yes..thats a nice point. Though i never traded that purely. I remember i have had this info passed to me by someone in a trader chat room (run for one of the thread on FF)
Pretty common but as like other info. Probability stuff !

@ archi
been long !
short ? or long?
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,063
  • Aug 31, 2010 8:17am Aug 31, 2010 8:17am
Quoting forexsaint
@ archi
been long !
short ? or long?
hey forexsaint....beens awhile, how u been? hear you been long ...closed mine for a loss 8255

will have 2nd bite at a short @ 8311 if it gets there

rgds
it had seemed so obvious at the time
  • #1,064
  • Edited 8:47am Aug 31, 2010 8:37am | Edited 8:47am
sold @ 8270 witch is 161.8 fib on my chart
lets see...i go for a few pips, Daily and H4 gann hilo is crossing down
Buying Tops, Selling dips xP
  • #1,065
  • Edited 9:45am Aug 31, 2010 9:35am | Edited 9:45am
Alright..
8272 is a important level for me. EG is stretched presently.
Just IN short @ 8267
Attached Image (click to enlarge)
Click to Enlarge Name: Short.jpg Size: 20 KB

Looking for 8244 at least and 8235 and even 8220 for TP's (will trail tight)
Stops: AT BE now (days high is done IMO)
Lets WnW

@Archi
Trading is fine though less as working on some automated strategies. (EA's) and some more personal work. But Sept will be quite active i think for me.
Lets mint together...!
oops.....Shhhh...lets keep it secret else our broker will shut us down
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,066
  • Aug 31, 2010 10:43am Aug 31, 2010 10:43am
Quoting forexsaint
...
Stops: AT BE now (days high is done IMO)
...
Stopped out.
Lol this thing isn't stopping... must have f**ked the shit out of occasional Small TF bears !
Re-entered SHORT @ 8286
Attached Image (click to enlarge)
Click to Enlarge Name: short2.jpg Size: 16 KB

As 8290 is another important R-level for me.
TP's same 8254, 8244 at least and even 8220

As usual WnW. (But EG isn't boring today ..lol)
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,067
  • Edited 11:26am Aug 31, 2010 11:02am | Edited 11:26am
Can this be the daily high? Looks like with the previous H1 bar
Saw this long (25 pips+) H1 pin (pseudo-pin though) after a long time.
Lets WnW

EDIT: I added more SHORTS now to above @8280 (i am double size rht now)
Same TP's and no SL's as of now, highly stretched ATM IMO
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,068
  • Aug 31, 2010 1:31pm Aug 31, 2010 1:31pm

Ok..presently 8265 !
Although i would like to book here some 36+pips (of double size), due to the dead nature of movement, i wont and presently moving all stops to entry level 8286.
Overall looks like, just a retracement movement in very thin market
Lets WnW (till tomorrow)
Cya guys !

100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,069
  • Aug 31, 2010 9:59pm Aug 31, 2010 9:59pm
Ah same dead slow retracement.
Presently Clocking 8251. 1st TP 8254 reached, but not booking.
Anyway All Stops moved to 8267 (31 pips locked)
Can hit 8244 soon (Looking to book most of the size there)
lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,070
  • Sep 1, 2010 12:35am Sep 1, 2010 12:35am
Hey Saint what are we looking at today, some more retrace since yesterdays roof breaking?

My CCI tells me slowdown of the retrace within next 4H candle, coming into that in 25 mins.
My signature is: "Classified".
  • #1,071
  • Sep 1, 2010 1:29am Sep 1, 2010 1:29am
Present low 8247.
8244 missed by 3 pips
Anyway All Stops moved to 8258 (50 pips locked)
Lets WnW

Quoting yaed
Hey Saint what are we looking at today, some more retrace since yesterdays roof breaking?
I already posted about that before. Overall i think (with open) there will a quick dip to those level 8244 (or 8247 was all?) and even 8220 and then there will be another move up (8310 is a level there). Who knows!
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,072
  • Sep 1, 2010 1:33am Sep 1, 2010 1:33am
I'm targeting 0,8200 for now...then 0,8150
We'll see if the news help
COT: The precious data ignored
  • #1,073
  • Sep 1, 2010 1:55am Sep 1, 2010 1:55am
Quoting forexsaint
Anyway All Stops moved to 8258 (50 pips locked)
spiked up and Booked by my quick trail EA !
Got to exercise a bit. Cya guys!
Lets see later..around the news !
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,074
  • Edited 4:02am Sep 1, 2010 3:53am | Edited 4:02am
Sexy! As expected and posted !
So 8247 was in fact the retracement low.

Though Alas, I didnt get the time for entry, being busy
After 8310, next level is 8355-65 (n boy thats A BIG LEVEL ZONE )
Lets WnW.


P.S. What an H1 Bar...the last 1... Bull bodied 55 yrs(pip) vintage wine bottle ! Eg aint boring guyz
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,075
  • Sep 1, 2010 4:13am Sep 1, 2010 4:13am
Quoting forexsaint
Though Alas, I didnt get the time for entry, being busy
Been there, dont analyze/tune settings while looking for a setup. Thats really sharp spike by the way, somebody was really depending on that news for theyre orders.
My signature is: "Classified".
  • #1,076
  • Sep 1, 2010 4:38am Sep 1, 2010 4:38am
Quoting yaed
Been there, dont analyze/tune settings while looking for a setup.
Didn't get it?
Just to make myself clear...i was not quite over with my exercise. Thats what i meant, if u r thinking smthing else ! My major analysis mostly ends in the morning START-UP with High TF charts!
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,077
  • Sep 1, 2010 4:45am Sep 1, 2010 4:45am
Quoting forexsaint
Didn't get it?
Just to make myself clear...i was not quite over with my exercise. Thats what i meant, if u r thinking smthing else ! My major analysis mostly ends in the morning START-UP with High TF charts!
Yeah i do H4 on all pairs before London open, eliminates a lot of "Huh whats this!?" situations.
My signature is: "Classified".
  • #1,078
  • Sep 1, 2010 4:58am Sep 1, 2010 4:58am
lol..i think i again missed..i was actually flexing my biceps with my 30pound dumb-bells and that 12 stones "anthem of the undergod" got me engaged! and i had no idea of news
Infact in that loud music...my news alert must have been heard by the duck in my wallpaper only
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,079
  • Sep 1, 2010 6:55am Sep 1, 2010 6:55am
A few weekly levels between .8300 and .8350 to fight through, now, after that amazing rally. Added to those an upper trendline ( thank you XMzang - http://www.forexfactory.com/showpost...ostcount=73524 ) and a fib level off the last daily swing low. Lots of confluence. Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp100901d1.gif Size: 27 KB
Gone to a better place
  • #1,080
  • Sep 1, 2010 8:41am Sep 1, 2010 8:41am
IMO
I wont be surprised if someone buys EG again above 8300 with stops @8292 (1 pip below current H1).
Very Good RR for TP of 8355-8365 Zone ! (R:R of 1:7+)
(8355-8365 is a very important confluence zone on my charts with a IMPORTANT monthly level too .Depending upon PA, it can be shorted there, (if reaches, of course))

In fact i am IN, longed @ 8301
(would have cherished if i got in at 8295, where i was waiting for..but again was away from desk for a while)
If a new day high is made now , surely it will, i think.
Lets WnW, as always.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
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