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EUR/GBP - What a great pair to trade!

  • #1,701
  • Jun 12, 2012 10:54am Jun 12, 2012 10:54am
Quoting Rasi
I trade this pair regularly and make good pips. It is much less volatile than the other pairs so you will need a lot of patience. I only trade part time and set up the orders to trade so its suits me fine.

Wishing you green pips.
Hi, so you are a profitable trader? what others pairs do you trade and wich strategies do you use ?

If i have some trade signal i will try to post here as the thread is almost dead.

Wish green pips for you too.
  • #1,702
  • Jun 12, 2012 6:51pm Jun 12, 2012 6:51pm
Hi all,

Has anyone else noticed that this pair drops quite a few pips when the London market opens at 9am GMT? This has been happening for the last week or so and I was wondering if someone could explain this to me.

I'm very new to FX (only been trading for about 2 months now) and I don't understand why this drop is happening (not that I'm complaining, I've caught the last drop)!

Thanks for sharing your thoughts.

Rob.

http://img641.imageshack.us/img641/7999/eurgbp.png
  • #1,703
  • Jun 13, 2012 1:57am Jun 13, 2012 1:57am
This pair gives one of the most reliable moves at the London open, usually in the direction of the overall trend. It's up to you how you arrange your strategy, but I often take a trade at that time. Don't expect it to always fall, though.
Gone to a better place
  • #1,704
  • Jun 13, 2012 8:13am Jun 13, 2012 8:13am
gbs usd 1H down trend ... so i quick sell

@1.5542
  • #1,705
  • Jun 14, 2012 12:58am Jun 14, 2012 12:58am
Well i think we will see an bullish trend today again lookin forward to buy when uk market opens.
  • #1,706
  • Jun 19, 2012 2:42am Jun 19, 2012 2:42am
Trend up
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #1,707
  • Jun 22, 2012 11:50am Jun 22, 2012 11:50am
Mmmmm, I see an opportunity to short but I'm not quite sure. Any Ideas?
  • #1,708
  • Jun 27, 2012 2:29am Jun 27, 2012 2:29am
My great pair is EUR/USD to trade. Some other trading pairs that I like to trade are EUR/GBP and EUR/JPY.
  • #1,709
  • Jun 27, 2012 3:05am Jun 27, 2012 3:05am
Here's a bit of M15 analysis.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp120627m15.gif Size: 59 KB
Gone to a better place
  • #1,710
  • Jun 27, 2012 3:28am Jun 27, 2012 3:28am
A weekly view sees support made in the consolidation of 2008 at just below .8000, so shorts may run into support around .7950 again. Equally, .8020 to the upside is resistance, by my calculation.

Hopefully, the support is too far away to influence the bearish sentiment.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp120621w1.gif Size: 26 KB
Gone to a better place
  • #1,711
  • Jun 27, 2012 9:00am Jun 27, 2012 9:00am
Quoting smikester
Here's a bit of M15 analysis.

Attachment
OK. That didn't hold. We did have about 4 hours to decide what to do though... I'll be looking for shorts off somewhere between .8010 and .8020. Don't hold your breath.
Gone to a better place
  • #1,712
  • Jun 27, 2012 9:09am Jun 27, 2012 9:09am
Quoting smikester
This pair gives one of the most reliable moves at the London open, usually in the direction of the overall trend. It's up to you how you arrange your strategy, but I often take a trade at that time. Don't expect it to always fall, though.
thx for pointing out, smikester....did not know. experience pays.
  • #1,713
  • Jun 28, 2012 2:37am Jun 28, 2012 2:37am
I am long on EURGBP right now from 0.8013.. Stop 7980, Target 0.8046

They would not let it down until the eu meeting is over. And the GBP is overestimated for the last couple of minutes..
  • #1,714
  • Jul 3, 2012 9:41am Jul 3, 2012 9:41am
spiked up ?

Any news on GBP's weakness ?
  • #1,715
  • Jul 9, 2012 12:08pm Jul 9, 2012 12:08pm
i am long from here...
  • #1,716
  • Jul 9, 2012 2:12pm Jul 9, 2012 2:12pm
Quoting daka
i am long from here...
Any reason? To maybe .7950? Care to post a chart or target?
Gone to a better place
  • #1,717
  • Jul 9, 2012 2:27pm Jul 9, 2012 2:27pm
perhaps it is the bottom since 2008 ...

it was not below 0.79
  • #1,718
  • Jul 10, 2012 8:59am Jul 10, 2012 8:59am
Quoting daka
perhaps it is the bottom since 2008 ...

it was not below 0.79
I agree that here is some potential support. But I don't really see a reason to be long here, given there is resistance at .7950 and we are in a down trend. For me, anyway.
Gone to a better place
  • #1,719
  • Jul 11, 2012 3:01am Jul 11, 2012 3:01am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
OMG! 7900 thats so 08... got to love the "round ones" for S&R
  • #1,720
  • Jul 11, 2012 6:04am Jul 11, 2012 6:04am
Textbook broadening wedge

http://img194.imageshack.us/img194/5...ngwedgegif.gif
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