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EUR/GBP - What a great pair to trade!

  • #1,641
  • Apr 19, 2012 3:30am Apr 19, 2012 3:30am
I'm in long now. In positive pips. Initial target .8200, of course. Then .8220. It looks like we may reverse there. I'll wait to see what happens.
Gone to a better place
  • #1,642
  • Apr 19, 2012 11:39am Apr 19, 2012 11:39am
Quoting smikester
I'm in long now. In positive pips. Initial target .8200, of course. Then .8220. It looks like we may reverse there. I'll wait to see what happens.
I picked up some longs as well, very stubborn here! Nice reversal then drops back down, then reverses strongly and drops again. Yawnnnn, come on 8210 to 8230 looks like a good area for profit.
  • #1,643
  • Apr 19, 2012 11:45am Apr 19, 2012 11:45am
Yes I've been patient and I'm still holding. One good thing about this pair is you have plenty of time.. Probably will break North before July.
Gone to a better place
  • #1,644
  • Apr 19, 2012 12:04pm Apr 19, 2012 12:04pm
I do not want to hold till July lol!
  • #1,645
  • Apr 19, 2012 3:18pm Apr 19, 2012 3:18pm
Quoting smikester
Yes I've been patient and I'm still holding. One good thing about this pair is you have plenty of time.. Probably will break North before July.
I don't see why we won't hit say 8230 in the short term, maybe tomorrow?
  • #1,646
  • Apr 20, 2012 4:32am Apr 20, 2012 4:32am
I'm not sure. Retail figures boosted GBP this morning but they were false, to some extent, inflated by panic buying in the face of a fuel strike. On the other hand, Germany posted some good figures which were real. So I'm still holding longs. Stops at .8158.
Gone to a better place
  • #1,647
  • Apr 20, 2012 4:47am Apr 20, 2012 4:47am
http://www.forexfactory.com/showthre...08#post5570308
Gone to a better place
  • #1,648
  • Apr 20, 2012 5:04am Apr 20, 2012 5:04am
Be careful ... new lows every week, doesn't mean some there's some incredible underlying strength. We don't have to oppose the market, buying all time longs and selling all time highs, do we.
Quoting atif089
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..
forget about tomorrow, just steal away into the night
  • #1,649
  • Apr 20, 2012 6:22am Apr 20, 2012 6:22am
Quoting spekitox
Be careful ... new lows every week, doesn't mean some there's some incredible underlying strength. We don't have to oppose the market, buying all time longs and selling all time highs, do we.
Exactly my friend, I realized that a bit :-)

Thankfully, the market didnt crush me and I took profit at .8200 today (45 green pips aint that bad), will wait for the next lower low for my for my future setup or vice versa.
Poker is for kids, I play FOREX.
  • #1,650
  • Apr 20, 2012 9:55am Apr 20, 2012 9:55am
Woah, if we can stay above .8195 then we should pop!
  • #1,651
  • Apr 20, 2012 11:06am Apr 20, 2012 11:06am
Yes. I'm thinking this pair should still retest .8300 before/if it goes back down so I have stops at BE now and I'm adding when we break .8200. Cable has reached resistance and is likely to retrace a bit.

Might only make .8220 - 30 though...
Gone to a better place
  • #1,652
  • Edited 11:18am Apr 20, 2012 11:08am | Edited 11:18am
It's also late in the day on a Friday, might have to wait till Sunday/Monday for the move.

It hasn't been able to close above 8190 since Wed,m now we're in the 90s which I think is a good sign (given we don't close below it). Then a break of 82 first res will be 8210, then 8330.
  • #1,653
  • Apr 20, 2012 11:38am Apr 20, 2012 11:38am
Quoting smikester
Yes. I'm thinking this pair should still retest .8300 before/if it goes back down so I have stops at BE now and I'm adding when we break .8200. Cable has reached resistance and is likely to retrace a bit.

Might only make .8220 - 30 though...
i see that (R - for cable) and S/R (1.6125/50ish) that goes back quite far too......1.6250 be the next big number higher?

i shorted cable the other night at 1.6025 and got out on the pullback yesterday morning so was lucky there.

i looked at your EG and so you have a b/e just above 81.65 or close?
  • #1,654
  • Apr 20, 2012 11:51am Apr 20, 2012 11:51am
The pair finally hit the bottom of the monthly cloud. The recent swing low at .8077 needs to hold, or it is on to .7949. A longer term UP is around the corner. During the interim, there is enough room for a correction to .8277, maybe a little lower.


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  • #1,655
  • Apr 20, 2012 11:53am Apr 20, 2012 11:53am
Hi Roro. Cable has entered a very strong confluence of R in the 1.6150 area. I'm expecting a strong pullback next week. Whether or not it is a complete trend reversal remains to be seen.
I went short, and I think at least 180 pips is waiting to be taken.


Quoting roro53
i see that (R - for cable) and S/R (1.6125/50ish) that goes back quite far too......1.6250 be the next big number higher?

i shorted cable the other night at 1.6025 and got out on the pullback yesterday morning so was lucky there.

i looked at your EG and so you have a b/e just above 81.65 or close?
  • #1,656
  • Apr 20, 2012 12:05pm Apr 20, 2012 12:05pm
Quoting 4xpipcounter
Hi Roro. Cable has entered a very strong confluence of R in the 1.6150 area. I'm expecting a strong pullback next week. Whether or not it is a complete trend reversal remains to be seen.
I went short, and I think at least 180 pips is waiting to be taken.

hi 4x.........back to the bottom of that UT channel and it looks about 1.5875, or higher to 1.6250?

flat into the weekend so wait and see......good luck.......FOMC next week too, right.

i like short Yen/long Nikki.......i think BOJ will come sooner than later with a radical stimulus and if so the gj may be a nice one.....
  • #1,657
  • Apr 20, 2012 12:09pm Apr 20, 2012 12:09pm
Attacking 82 again.
  • #1,658
  • Apr 20, 2012 12:12pm Apr 20, 2012 12:12pm
Oh yes, it's got to let some steam out of the UP Circa 1.5875 looks likely.

JMO, but I'm not sure where it will go from there. I think it is a decision point to determine a continuation for a new downtrend or it is just a nice correction for the up trend that would extend even beyond you 1.6250 level.


Quoting roro53
back to the bottom of that UT channel and it looks about 1.5875, or higher to 1.6250?

flat into the weekend so wait and see......good luck
  • #1,659
  • Apr 20, 2012 12:21pm Apr 20, 2012 12:21pm
Quoting 4xpipcounter
Oh yes, it's got to let some steam out of the UP Circa 1.5875 looks likely.

JMO, but I'm not sure where it will go from there. I think it is a decision point to determine a continuation for a new downtrend or it is just a nice correction for the up trend that would extend even beyond you 1.6250 level.
why don't you post more often?....i see you had a response from Cloggie this AM at EUR/USD

did you see Cloggie's day diary?

you have been around quite a while and not too many ichi traders

i'll shoot you a PM
  • #1,660
  • Apr 20, 2012 12:34pm Apr 20, 2012 12:34pm
Thanks Roro!
I trade FT, but I have other things going on related to projects in helping others trade (not for pay). I'm trying to free up some time to post more regularly in this forum. It is quite active. LOL, I'm not sure I could keep up if I started a thread.


Quoting roro53
why don't you post more often?....i see you had a response from Cloggie this AM at EUR/USD

did you see Cloggie's day diary?

you have been around quite a while and not too many ichi traders

i'll shoot you a PM
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