EUR/GBP - What a great pair to trade!

A Day of wait...and nothing! Darn !
No breakouts! Just as Daily IB at the end of the week!!
Holding most longs . (Some got stopped at BE)

We will have to watch next week.
Gap Down below 8300 will be difficult for Bulls for sure and Gap up useful, if there is any gap to be seen, in fact.
Any way... enjoy the weekend guys!
Cya

Alright guys..
Successfully Added to previous longs on break of resistance, in the morning, at 8356. Heavily loaded as friday.

So new Swing high (8410), again kissing the same trendline resistance, diminishing the supply again.

We have to Wait and Watch when will be the break. I am surely looking at it with longs (atleast till 8300 is breached on downside)

Surely will be adding on retest of breakout with momentum.
Lets WnW to see how long will be the push-up


P.S. Trying to test daily again (8397 Currently)

Looking for my signal...

http://www.forexrainbow.com/files/2l...xf5e1goewx.jpg

Alright..just added LONGS
after price moved back above another level
@8380 (Total Longs 400% . Extreme end of my Lot power!)

Will this breakout today? Million$ quesion

Lets WnW.

hi all,

am looking at a small sell if price reaches 8440 for a daily 0.786 gartley....RR 1:2 targeting 8370....moving SL to BE if it works out

a breach of 8525 (yellow line) shld confirm the bullish move to possible bigger 2ndary 0.786 gartley sell at 8650

rgds

After the nice move up we need to see the nature of the pullback to establish direction.On the 4 hourly the uptrend is weaking with deeper pullbacks, however on the daily an advance to .8500 seems likely.

Price action around the pivot point of .8381 on the 15 min might give us clues as to further pullback or reversal of the uptrend.

Euro this morning (european session) offered, if it breaks its pivot at 1.3070 there is quite a bit more downside for today on the cards and may pull EUR/GBP with it.

Cable looks neutral here with possible bias to the upside.
WIll consider short if I like the pattern, on a break of .8382 pivot.

Cable now also turned negative in the last few minutes, and that changes the EUR/GBP. What a difference a few minutes make!!

Cable will plunge!

So here comes the "Fruit" of Patience and
here goes the EG..breaking out
(a sarcastic being (whose frustration filled post got deleted)...might be calculating his short losses)

Daily High as of now 8434..and zooming!
Sexy bar on H1 TF
As i am heavily long.. will be easing out soon as profits are nice and entering AGAIN on successful retest of 8400 zone(if retraces)

IMO, if it gets turned into support..we are looking at 8600..as posted on 26th August !


Lets WnW..whats next
P.S. Stops already way above BE

yep...the money supply data came in worse yesterday....weakness all rd....looking for support at 5500?

data out in 45mins time

I guess no real retracement will happen here.

almost out by 1pip now SL 8469....gbp data came out worse and euro remains bid with a few successful auctions across the atlantic really helping with this move up....still though risked on this countertrend move

nice trade on your side of the pond forexsaint

I am going short for a 30 pip retrace. Its filled an 80pip range which is above average.

If it goes to .85 will load up and take the retrace from there back to where we are now.

Alright Guys....
Love such trades!They help you believe in your analysis and prevent yourself being panicky in presence of NOISE.
Fully enjoyed this move up with dedication of my analysis!
Inspite of many BE Trades trying to pick this move up (which are usually in my account due to my "First save the A** Rule" ), it really helped me have a good bunch to my %age return profit.

Daily high 8468 (Just Perfect)
8470 is the same level i have been ranting from past one week, as posted in
http://www.forexfactory.com/showpost...postcount=1151
http://www.forexfactory.com/showpost...postcount=1156
(8470-8480 is a Resistance zone : an important resistance level or may be point of retracement )

Today we broke that Upper Red trendline (neck of Inv HnS), as posted in D1 TF, which we discussed many days back. and so the sexy move!
http://www.forexfactory.com/showpost...postcount=1136

Booked all longs @ 8462. (Approx. 400 Pips+ for my usual Lot size)
Would be off for this day (most probably)

We will see thereafter where it is headed. Also depends upon the degree of retracement and its urgency.

Happy Minting Guys. Trade safe and responsibly.
EG babe is the best
Cya



Dont forget the Failing knife and launching rocket rule..mate! Just kiddin

ya...got burnt to a toast by your rocket exhaust today

Out +26

Long at .8440 up to .8480

Shorted at 85.40 look to get out at 85.20

Added to short at 85.61 still looking to close both trades at 85.40

roger u on that target.....will look to get in long at 8530 (61.8 exp# and weekly R3) for possible final push to 8630-40

first stop at monthly R3 8588

gd pipping oldregatian.....i got burnt by forexsaint's rocket ship ysterday

looks like just too much juice on this move....EG taking direction frm EU

still got that 8630 short target in mind...although 8610+ is the expansion 100%#

will scale in 2 orders 8610/30 stops 8650



GBPCHF H4 chart below shows broadening bottom?