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EUR/GBP - What a great pair to trade!

  • #2,281
  • Feb 3, 2014 5:38pm Feb 3, 2014 5:38pm
Quoting vincentprice
{quote} You sound very sure Zappa, what would be your reasoning for a move back down to 0.8190?
To give a complete explanation would be quite time consuming. To put it very simply, it was too strong going down and too weak going up.

With that said, I have been guilty of being over-confident in the past. I do, however, believe strongly that I am right about this. You are only over-confident when you are wrong.
  • #2,282
  • Feb 4, 2014 5:05am Feb 4, 2014 5:05am
taking 2 longs here tp 0.83
1 pending short at 0.83 tp 0.824
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpm30.png Size: 32 KB
Click to Enlarge Name: eurgbph4.png Size: 36 KB
  • #2,283
  • Feb 4, 2014 5:46am Feb 4, 2014 5:46am
Quoting wannabtrader
taking 2 longs here tp 0.83 1 pending short at 0.83 tp 0.824 {image} {image}
i follow u
  • #2,284
  • Feb 4, 2014 10:04am Feb 4, 2014 10:04am
Do all of you guys following Price Action Strategy ?
Real Time Discounts for IC Markets. Partner ID = 1695
  • #2,285
  • Feb 5, 2014 2:53am Feb 5, 2014 2:53am
Quoting ahmerkhan
Do all of you guys following Price Action Strategy ?
Well I do. Here's what I see as an opportunity to short, with a first target around .8222, I have a pending order at .8265 which is the low of the bearish candle formed yesterday, UK feed times.

Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140205d1.JPG Size: 121 KB


Chart showing a clear rejection of two important levels, namely .8300 and .8284. I like pending orders because when I'm wrong the market doesn't need to prove it.
Gone to a better place
  • #2,286
  • Edited 6:37am Feb 5, 2014 5:21am | Edited 6:37am
sell 305 sl 317
With a good book and quality paper you can fine wipe your ass.
  • #2,287
  • Feb 5, 2014 7:09am Feb 5, 2014 7:09am
sell 322 sl 327
With a good book and quality paper you can fine wipe your ass.
  • #2,288
  • Feb 5, 2014 7:23am Feb 5, 2014 7:23am
Quoting vincentprice
Approaching significant support zone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpfxfweekly1.png Size: 46 KB

{image}
Price has since seen accumulation come in at the the most significant demand zone on the weekly chart from 08.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpfxfweekly.png Size: 52 KB


A few notes worth bearing in mind.

Technically upper trendline test likely. Weekly R1 turned support yesterday. Monthly R1 currently being tested/broke.

Current risk off sentiment if it continues will help lift the pair which has recently shown relative resilience to economic disparity reported between the respective economies. Money flows increasing into Eurozone equities which is likely to continue limiting the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpfxfdaily.png Size: 50 KB
Nil desperandum
  • #2,289
  • Feb 5, 2014 7:36am Feb 5, 2014 7:36am
...watch this sell off
With a good book and quality paper you can fine wipe your ass.
  • #2,290
  • Feb 11, 2014 6:55am Feb 11, 2014 6:55am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140211h1.png Size: 55 KB


It's through now. Does it mean anything?
Gone to a better place
  • #2,291
  • Feb 11, 2014 7:02am Feb 11, 2014 7:02am
Quoting vincentprice
{quote} Price has since seen accumulation come in at the the most significant demand zone on the weekly chart from 08. {image} A few notes worth bearing in mind. Technically upper trendline test likely. Weekly R1 turned support yesterday. Monthly R1 currently being tested/broke. Current risk off sentiment if it continues will help lift the pair which has recently shown relative resilience to economic disparity reported between the respective economies. Money flows increasing into Eurozone equities which is likely to continue limiting the downside....
Good analysis Mr. Price. I'm not sure how risk off sentiment affects this pair. Is there a reason, or does it just do it?
Gone to a better place
  • #2,292
  • Feb 12, 2014 8:04am Feb 12, 2014 8:04am
Quoting Zappa
It is going back down to .8190, this much is almost a guarantee. Below .8168 seems highly probable. The question is "are we at the top right now?'". I think it has a little further to go. Maybe .8315 area.
BOOM!

That was a nasty little sell-off. It ain't over yet, either.
  • #2,293
  • Feb 12, 2014 8:10am Feb 12, 2014 8:10am
buying for some pips to upside
atm 0.8196
  • #2,294
  • Feb 12, 2014 8:36am Feb 12, 2014 8:36am
Well I got some nice pips from the bottom of yesterday's bearish candle. Still holding shorts as the "perfect storm" of Gbp/Usd rises and Eur/Usd falls. Congratulations for those well positioned...
Gone to a better place
  • #2,295
  • Feb 13, 2014 10:17am Feb 13, 2014 10:17am
Attached Image (click to enlarge)
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  • #2,296
  • Feb 16, 2014 4:28pm Feb 16, 2014 4:28pm
The EURGBP closed last week in a bearish engulfing pattern strongly at the lows and after a bullish engulfing pattern the prior week.

Currently in a strong downtrend and with price in oversold territory and near resistance.

Being so close to resistance this pair may prove a bit tricky at the moment.

Let’s take a look at the charts in the video together to see.

Inserted Video
  • #2,297
  • Feb 19, 2014 5:22am Feb 19, 2014 5:22am
sell 244 sl 272
With a good book and quality paper you can fine wipe your ass.
  • #2,298
  • Feb 19, 2014 5:37am Feb 19, 2014 5:37am
Quoting Suffo
sell 244 sl 272
looks like ur sl will be easy target
  • #2,299
  • Feb 19, 2014 6:13am Feb 19, 2014 6:13am
out 255
With a good book and quality paper you can fine wipe your ass.
  • #2,300
  • Feb 19, 2014 1:05pm Feb 19, 2014 1:05pm
not sure if I like this trade, strong downtrend.
bought at about 0.82 taking another small long 0.8230 h1 support.
sl at break even so covered
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 44 KB
Click to Enlarge Name: eurgbph1.png Size: 38 KB
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