EUR/GBP - What a great pair to trade!

And here it goes...

8399 now! NEW Days high and New Swing high!
All Stops @ 8363 (BE+).
Wont trail before successful retest !

Lets WnW

Looks like she wants to pull back a bit. I'll wait before going long. Chart does look good though...

Just added more on retest (Triple Sized... on higher end of MM...though i have often a relaxation formula for MM)
@ 8384
(R turning S..looks like)

All stops @ 8373 now (Averaged BE)

Lets Wnw

As quite common, i have more BE closed trades..lol.
Part and parcel of trading esp. when your first rule is "Save your A** first"!
Free trades are lot better than Stoploss trades .
Fx is a opportunity river, it just depends on whether one is holding a spoon or a bucket (or building a dam..lol...whatever)

Anyway.. GTG somewhere outside as of now.
Cya guys ..happy minting

At the time of writing we are right now only good for a scalp, if triggered IMO. direction unclear, we may have more pullback to come,

Its putzing round its daily pivot at .8360 I aLso got stopped out on a long earlier, on the head fake. It looked strong first thing, (european session).

I think we probably won't see much action now till the beginning of the US session.

First order, quick SHORT at .8357...minimum of 20 pips

First trade for TP

There's more for this pair..

Scalped at .8330, here we go...

Gotta run out so I am closing out with first trade of the trading day...

NOTE: Sorry about the quality, not sure what's happening..I keep changing to no avail.

This yellow line was were I was about to set a pending sell order about 4 hours ago.

On Forex Factory´s market section the spike is smaller..

.

Scalping it again...

Alright..
Look how the trendlines and levels in following chart are playing now:
http://www.forexfactory.com/showpost...postcount=1136

This is what the same chart is now after a week.
Trendlines acting like iron walls.


What has to bee seen is will this 50Pip Previous H1 Green bar will give the bulls what they need....
i.e. The break of that red upper trend line sitting at approx 8400 (Biggie level now..as posted before)

Lets WnW

Alright..
It re-kissed the same 8400 Level once again (slowly this is diminishing supply over there)

If we close anything above previous days open, it will be a "Effective" Bullish engulf on D1 TF

As of now, I am loading up longs till 8400 and more on its break & retest(if happens today)
IN @ 8373 ( 150% Size )

Lets WnW

P.S. Added More @ 8371 (Total'ing 200% Size)
1st major Target is IMO 8465-70 zone
with [email protected] 8430-35 zone

So, is this the time to breakout? or tomorrow?


Well i think, soon!
Fully Loaded

Lets WnW

Adding longs on Every Dip!
Added more now @ 8359

So the day was not yesterday. Let see... when!

On D1 TF, as expected there is a valid Bullish Engulf
Trend lines on D1 TF Chart posted are perfectly valid and repelling as till now!
IMO, as can be seen from my positions too, i m highly bullish presently on the pair.
(NOTE: Positions are due to Bullish bias and not vice-versa)
Lets WnW


P.S.1 Shorting level for me will be below 8300
P.S.2 My Posts are never a trading advise, unless mentioned. Everybody is responsible for his/her trades.

I'm watching these gaps in my feed at .8350 and .8260 ... Will they be filled? Do you have them forexsaint?

YES, i can see a gap on D1 TF between some 8250 and 8274.

But never been a fan of gap trading. All gaps are never filled. (esp. within a time period mentioned- other than infinity)
Further there is no TF guidelines anyway for when they will be filled.
Automated Gap trading was once my domain, smikester, left it, as its not-profitable over a period (with huge drawdowns)
So what are your positions currently? Watching this pair or something else?

Well I agree I don't trade to gaps but there is one from last weekend and one from yesterday, best viewed on the M15.

I have a small short at .8356, just entered. It's Friday - I had a good week trading the Euro and cable mostly. Well done with the longs - I stayed out because I'm bearish this pair as you know. Good trading.

M15 Gaps.. surely never traded them.
Yea.. the Friday surely is here..wild moves... my way?? ..lol (Though my Bullish bias is based on pre-friday Action)
Gr8 that u enjoyed EU and GU (Actually EG babe doesn't give me time for those..lately they constitute only 5% of my trades..may be even less)
Thanks for the compliments. I am really bullish presently. I think time for me being a Grizzly.. will be below 8300 (as posted)

As usual We have to WnW..thats all we can do

P.S. Looks like bullish flows are comin in
P.S. 2 Added more longs at 8363 (presently 350% Longs)

Looks like my babe is ready now
with a spike up breaking the neck of M5 Inv. HnS, with plethora of my orders (yesterday's & today's; all over the chart)


As i am writing this.. a kiss of Daily high, 8378
So lets WnW..how far this can go !


P.S. Added another Long now @ 8369 @ re-test of same neck ! (Total 375% Longs)