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EUR/GBP - What a great pair to trade!

  • #1,501
  • Feb 24, 2012 7:37am Feb 24, 2012 7:37am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
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  • #1,502
  • Feb 26, 2012 6:44pm Feb 26, 2012 6:44pm
Should be a good opportunity to short now, shortet at .75, SL .85 (after last high) , and i'll let it run today, its absolutely overbought and i guess the Euro can't get any higher at this point of time - the g20 meeting today can let this drop very much.
  • #1,503
  • Feb 27, 2012 4:37am Feb 27, 2012 4:37am
Quoting Napoleon180
Should be a good opportunity to short now, shortet at .75, SL .85 (after last high) , and i'll let it run today, its absolutely overbought and i guess the Euro can't get any higher at this point of time - the g20 meeting today can let this drop very much.
I agree this pair is seripusly overbought and will soon start a journey downwards...

Olu
If you think you can or cannot do it you are correct
  • #1,504
  • Feb 27, 2012 2:18pm Feb 27, 2012 2:18pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
going UP....

going DOWN...
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  • #1,505
  • Feb 28, 2012 7:03am Feb 28, 2012 7:03am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
one bank short for this sites

http://www.forexlive.com/
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  • #1,506
  • Feb 29, 2012 3:09pm Feb 29, 2012 3:09pm
Where to from here, up to 84, or down to 83....
  • #1,507
  • Feb 29, 2012 3:27pm Feb 29, 2012 3:27pm
not sure, im waiting for further confirmation.
  • #1,508
  • Feb 29, 2012 3:58pm Feb 29, 2012 3:58pm
Quoting smikester
If you might be interested here's an interesting chart from someone I respect:

http://www.forexfactory.com/showthre...52#post5410852
..........Very nice chart Smikester, very nice in deed.......
The Chonchy
  • #1,509
  • Feb 29, 2012 4:00pm Feb 29, 2012 4:00pm
Quoting smikester
*So I was wrong again. I always get these wrong! Ask Chonchy and Condor. And they still listen to me. So the bear flag which I have been rattling on about since January has failed and like any failed chart pattern has exploded in the wrong direction, i.e. up. Next resistance is a biggy at .8500, or to be more precise I am seeing three distinct levels: .8480 .8495 and .8520

Good trading to you.

............we are always wrong some times buddy, don't feel bad, we are always wrong some times, if what we do with the wrong ones and what we do with the right ones, like fibbinarchie saids............
The Chonchy
  • #1,510
  • Edited 5:06am Mar 1, 2012 3:57am | Edited 5:06am
Quoting chonchy
............we are always wrong some times buddy, don't feel bad, we are always wrong some times, if what we do with the wrong ones and what we do with the right ones, like fibbinarchie saids............
Thanks Chonchy. Now you've made me post a chart here:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp120301d1.gif Size: 35 KB


Just an observation of how this pair likes the BRN's (big round numbers) to play around. In my humble opinion this means that this pair has a lot more to say about what cable and the Eur/Usd pairs do than most people realise.

We broke .8400 without even a pause and in fact it gapped through which means that there were loads of sell orders and stops at that level... So we are bearish? I think so. Next levels to look out for from memory are .8340, .8330 and .8300. .8360 was one of those levels but we already bounced off there and retested it.

Will we go back and retest .8400? I don't think so but I'm not sure. I'll be selling any rallies on this pair and I'm looking forward to testing the low of .8220 and beyond.

At the far left of the chart - sitting on support at .8360... Anyway, I could be wrong...
Gone to a better place
  • #1,511
  • Mar 1, 2012 6:37am Mar 1, 2012 6:37am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
gbp recovered all gap € -

Now I would say LONG for 1-2 days...

gbp up on last day month 29 (passed)
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  • #1,512
  • Mar 1, 2012 6:40am Mar 1, 2012 6:40am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
Quoting duca
one bank short for this sites

http://www.forexlive.com/

we took!
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  • #1,513
  • Mar 1, 2012 8:30am Mar 1, 2012 8:30am
0,8333 is 1,20 on GBP/EUR. Very important level.
  • #1,514
  • Edited 9:23am Mar 1, 2012 8:46am | Edited 9:23am
I agree.

Here's what I look for when I trade scalps or lower time frames:

Rejection of previous support at .8360:

Attached Image (click to enlarge)
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Gone to a better place
  • #1,515
  • Mar 1, 2012 9:24am Mar 1, 2012 9:24am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
range options to 18 march
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  • #1,516
  • Mar 1, 2012 10:31am Mar 1, 2012 10:31am
Getting this thread kick started again as I think this pair is getting interesting after weeks of consolidation. Who has a measure of consolidation? Asking seasoned traders here.

Here is an interesting link to someone who is no slouch when it comes to technicals and fundamentals:

http://www.forexlive.com/blog/2012/0...is-expecteing/
Gone to a better place
  • #1,517
  • Edited 2:32pm Mar 1, 2012 2:13pm | Edited 2:32pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
hold for the reasons I have mentioned above -
until March 6 max
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  • #1,518
  • Mar 1, 2012 2:44pm Mar 1, 2012 2:44pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
we must understand what the BOE wants to do before Thursday
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  • #1,519
  • Mar 1, 2012 4:51pm Mar 1, 2012 4:51pm
I like longs in this area too Duca.
  • #1,520
  • Mar 1, 2012 8:17pm Mar 1, 2012 8:17pm
EUR/GBP here!


Daily Pivots: (S1) 0.8456; (P) 0.8473; (R1) 0.8482
very nice, good price..!
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