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EUR/GBP - What a great pair to trade!

  • #1,621
  • Mar 28, 2012 6:24pm Mar 28, 2012 6:24pm
Breakout soon, but which way?
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  • #1,622
  • Mar 28, 2012 7:00pm Mar 28, 2012 7:00pm
Quoting KillerWhale
Breakout soon, but which way?
South please
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  • #1,623
  • Mar 30, 2012 7:21am Mar 30, 2012 7:21am
My strategy: Buy low, sell high!
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  • #1,624
  • Apr 4, 2012 8:16am Apr 4, 2012 8:16am
If today closes below the 78.6 monthly fib ( which it looks like it might )
We have a break out.

Judging by the momentum, if it closes below the psychological number 0.8250
( even more so the 82.20 ) in the near future, plenty of downside possible.

Lets see what the market gives us...
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Memories caught in time but never forgotten
  • #1,625
  • Apr 4, 2012 9:06am Apr 4, 2012 9:06am
short
  • #1,626
  • Apr 4, 2012 3:17pm Apr 4, 2012 3:17pm
Quoting Emanuel
short
I am currently long - my PO got triggered at 0.8297 . The price seems to have stabilized at the monthly pivot support level at present.


G/L
  • #1,627
  • Apr 4, 2012 4:01pm Apr 4, 2012 4:01pm
Eur/Gbp usually does these reliably. Just needs a few more hours with the lid on.

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Gone to a better place
  • #1,628
  • Edited 4:29pm Apr 4, 2012 4:14pm | Edited 4:29pm
smikester........are you looking at this as a move higher?.........rarely trade it but looked at the charts and looks pretty O/S on and 8H and D chart

the pain in Spain stays mainly on the ........
  • #1,629
  • Apr 4, 2012 4:30pm Apr 4, 2012 4:30pm
Quoting roro53
smikester........are you looking at this as a move higher?.........rarely trade it but looked at the charts and looks pretty O/S on and 8H and D chart
If it stays in this range until the London open I'll trade it whichever way it goes but I am careful how I go about it. It would be low risk.

We might expect a retracement to retest .8300? Not sure. The more we leave this consolidation (on the daily and weekly) the more determined the moves will be.

Earlier in the thread someone kindly pointed out that it is 1.2 in Gbp/Eur - a significant level which has been defended. Well it has gone now.
Gone to a better place
  • #1,630
  • Apr 4, 2012 11:34pm Apr 4, 2012 11:34pm
Quoting smikester
If it stays in this range until the London open I'll trade it whichever way it goes but I am careful how I go about it. It would be low risk.
.
Well it broke out long but I won't take that because London in another 30 minutes often reverses these earlier moves.
Gone to a better place
  • #1,631
  • Apr 5, 2012 3:56am Apr 5, 2012 3:56am
There is some support at these levels, Jan 2012, so this could be the area for the retest of .8300. I have opened a long at .8256, tight SL, targetting .8267 initially, hopefully aiming for .8300.
Gone to a better place
  • #1,632
  • Apr 5, 2012 11:22am Apr 5, 2012 11:22am
This pair reminds a lot of usd/jpy and usd/chf scenario,where it keeps plunging down and lower,and eventually just starts to range sometimes smaller,sometimes bigger,and when eventually all those who waited explosion into some direction get bored and close the trades or move onto something else,then big boys come in and hike it like there's no 2morrow,and after a day or two people are left confused as its risky to go against the new direction as it might be a false move,or if go with the flow its to late to jump the train as ir moved couple hound-read pips.Just my opinion
  • #1,633
  • Apr 9, 2012 6:33pm Apr 9, 2012 6:33pm
bearish and green since last week, thankfully. Not an easy call. I remain short; let's see what the markets will give us.
  • #1,634
  • Apr 12, 2012 11:45pm Apr 12, 2012 11:45pm
I don't know what's going on with my account, but i'm having trouble accessing my trades. Currently on the line with them.

Anyhow, I shorted when i could last week, i think i might have closed most of them a couple of days ago, but it isn't a big lot, so if it did go against my trade, it's a sustainable loss and a lesson for tomorrow.
  • #1,635
  • Apr 17, 2012 6:44am Apr 17, 2012 6:44am
Going long for a while, building positions off .8230. Here's a chart:

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  • #1,636
  • Apr 17, 2012 6:48am Apr 17, 2012 6:48am
Quoting Emanuel
I don't know what's going on with my account, but i'm having trouble accessing my trades. Currently on the line with them.

Anyhow, I shorted when i could last week, i think i might have closed most of them a couple of days ago, but it isn't a big lot, so if it did go against my trade, it's a sustainable loss and a lesson for tomorrow.
Well I hope all went well with your access problem. You should be able to phone your broker, you know. Alwatys worth a practise. It looks like you won't have lost (or gained) much.
Gone to a better place
  • #1,637
  • Apr 18, 2012 2:41am Apr 18, 2012 2:41am
Going long here at 81.9. TP 82.45 if it reaches this week. If not TP is 83.

Good trades.
  • #1,638
  • Apr 18, 2012 3:56am Apr 18, 2012 3:56am
Tradertuga I hope it goes well for you. I had to rethink my entry this morning. The Euro seems to be letting me down. I'm still looking for a PA candle to take me up. Perhaps I'm wrong. Surely not, again?
Gone to a better place
  • #1,639
  • Apr 18, 2012 4:04am Apr 18, 2012 4:04am
Quoting smikester
Tradertuga I hope it goes well for you. I had to rethink my entry this morning. The Euro seems to be letting me down. I'm still looking for a PA candle to take me up. Perhaps I'm wrong. Surely not, again?
Thanks mate. This pair accounts only for less than 1% of my trades ever. I always looked at it as the Eur/Usd but less leveraged. I don't think it's going to be the case in the near term. Regardless of the Eur/Usd I think the Pound is overvalued here against the Euro. Lets see how it goes...
  • #1,640
  • Apr 19, 2012 12:29am Apr 19, 2012 12:29am
Touches yearly lows... Long Long Long Long !!!

Going long at .8165 with SL at 8090 and TP at 8300

I think this trade will take look to touch 8300

Hoping Euro wont let me down atleast now..
Poker is for kids, I play FOREX.
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