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EUR/GBP - What a great pair to trade!

  • #2,081
  • May 29, 2013 8:46am May 29, 2013 8:46am
Quoting Olu
{quote} Hi SM I am short too but this inaction is doing my head in... Olu
The spike stopped me out of my short with a loss. looking to resell on a break of the 8530 support area

Olu
If you think you can or cannot do it you are correct
  • #2,082
  • May 29, 2013 9:19am May 29, 2013 9:19am
bawo nj olu. this pair is heading to 8730.
  • #2,083
  • May 29, 2013 11:45am May 29, 2013 11:45am
Quoting cass
bawo nj olu. this pair is heading to 8730.
"Man mi Alafia ni". Why do you think this baby is heading for 8730? Can you post a chart?

Olu
If you think you can or cannot do it you are correct
  • #2,084
  • May 30, 2013 4:54am May 30, 2013 4:54am
The rebound of the Cable as expected…
  • #2,085
  • May 30, 2013 5:12am May 30, 2013 5:12am
Quoting cass
bawo nj olu. this pair is heading to 8730.

yeahhh...can u post a chart????
  • #2,086
  • Jun 3, 2013 4:05am Jun 3, 2013 4:05am
Anybody here?
  • #2,087
  • Jun 3, 2013 4:48am Jun 3, 2013 4:48am
Not this most exciting pair to trade, but it does give the highest return after XAG
Small movements however balance it out and overall make this pair as exciting as a new windows release

I am long on this pair, daily chart is now stable above .85
Symphonie indicator shows long from 23 May, now with pullback to the 38 fib we could see the continued upward trend
Attached Image (click to enlarge)
Click to Enlarge Name: 3.6.2013 - EURGBP H1.GIF Size: 23 KB
  • #2,088
  • Jun 3, 2013 7:48am Jun 3, 2013 7:48am
The Wilson pattern has showed up once again on the 1hr chart!!

Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp wilson.gif Size: 76 KB


The Wilson pattern is patent pending please if you dont know what it is exercise extreme caution. It can and most likely will blow your account out of the water!!

Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,089
  • Jun 3, 2013 5:40pm Jun 3, 2013 5:40pm
Quoting JayPipin
Not this most exciting pair to trade, but it does give the highest return after XAG Small movements however balance it out and overall make this pair as exciting as a new windows release I am long on this pair, daily chart is now stable above .85 Symphonie indicator shows long from 23 May, now with pullback to the 38 fib we could see the continued upward trend {image}
What do you mean? It may be the trading equivelant of cutting toenails but in the same way - all the more satisfying. And if the ATR drops any lower I will start a "Who can even get a margin call?" competition on this thread. We are down to 40 something from the dizzying heights of 90 odd in February. Something's got to give soon.

As for the "Wilson Effect" I'm speechless. I know trading can be a lonely business but finding Wilson patterns takes the biscuit. Talking of biscuits, have you seen the ...
Gone to a better place
  • #2,090
  • Jun 4, 2013 6:58am Jun 4, 2013 6:58am
Quoting CNTrader
The Wilson pattern has showed up once again on the 1hr chart!! {image} The Wilson pattern is patent pending please if you dont know what it is exercise extreme caution. It can and most likely will blow your account out of the water!! Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank

Wilson Target 1 attained

Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp.gif Size: 63 KB



Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,091
  • Jun 6, 2013 5:12pm Jun 6, 2013 5:12pm
Weekly chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp130606w1.JPG Size: 87 KB


The bearish monthly candle for March gives me a bearish sentiment. The weekly chart though, reflects this with sideways motion and no less than 12 bars in a range. The last six are virtually inside bars, inside the range of the week of 21st April which was about 200 pips down - two of them broke and rejected the high of that bar at .8590.

Of course I may be hopelessly wrong but...

Attached Image (click to enlarge)
Click to Enlarge Name: waiting.JPG Size: 27 KB
Gone to a better place
  • #2,092
  • Jun 13, 2013 6:50am Jun 13, 2013 6:50am
Bullish head and shoulder in formation on EurGbp, buy!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 58 KB
  • #2,093
  • Jun 13, 2013 8:25am Jun 13, 2013 8:25am
Quoting elisab
Bullish head and shoulder in formation on EurGbp, buy!!! {image}

Hi Elisab

Can you also see the possible triangle formation on your chart which could mean lower prices. Just dray an upward trending line below your line. This baby is whipsawing at the moment imho

Olu
If you think you can or cannot do it you are correct
  • #2,094
  • Jun 16, 2013 3:32pm Jun 16, 2013 3:32pm
Quoting Olu
{quote} Hi Elisab Can you also see the possible triangle formation on your chart which could mean lower prices. Just dray an upward trending line below your line. This baby is whipsawing at the moment imho Olu
Hi Olu, I jsut think that Great Britain will follow the road ofthe U.S., so it means end of the QE!
  • #2,095
  • Jun 16, 2013 4:03pm Jun 16, 2013 4:03pm
Quoting elisab
{quote} Hi Olu, I jsut think that Great Britain will follow the road ofthe U.S., so it means end of the QE!
Hi E

If we (UK) end QE then eurgbp will go down...

Olu
If you think you can or cannot do it you are correct
  • #2,096
  • Jun 17, 2013 7:26am Jun 17, 2013 7:26am
The British inflation data could provide tomorrow some more information on the future monetary policy of the BOE. Graphically, the theoretical formation of a bullish head and shoulder is going on.
  • #2,097
  • Edited 9:13am Jun 17, 2013 9:13am | Edited 9:13am
Quoting elisab
The British inflation data could provide tomorrow some more information on the future monetary policy of the BOE. Graphically, the theoretical formation of a bullish head and shoulder is going on.
Hi E

I see your point. Is this the H&S you are referring to?

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #2,098
  • Jun 18, 2013 7:59am Jun 18, 2013 7:59am
Here is an interesting technical angle.
Gone to a better place
  • #2,099
  • Jun 18, 2013 8:21am Jun 18, 2013 8:21am
Quoting smikester
Here is an interesting technical angle.

Excellent analysis SM. I don't seem to catch the twists and turns in this pair as well. Luckily for me my money is not in it so all i say when surprised is 'holy cow' and try to assess what has happened

Olu
If you think you can or cannot do it you are correct
  • #2,100
  • Jun 18, 2013 11:42am Jun 18, 2013 11:42am
4 Hour looks like it could close under significant trendline level, RSI also overbought and due for small (50 pip?) reversal.

Also included; yield spread and UK 5Y breakevens, all rather GBP bullish imo
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP.png Size: 85 KB
Click to Enlarge Name: EURGBP vs Yield spread.png Size: 72 KB
Click to Enlarge Name: UK 5Y breakeven.png Size: 516 KB
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