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EUR/GBP - What a great pair to trade!

  • #2,301
  • Feb 21, 2014 4:15am Feb 21, 2014 4:15am
Barclays: With momentum unwinding from oversold readings, the risk is for further gains towards 0.8290. A TRENDS backtest for such signals also favours upside into next month. A break below 0.8160 is needed to invalidate this outlook and turn neutral instead.
  • #2,302
  • Feb 23, 2014 1:43am Feb 23, 2014 1:43am
I just got aware of EURGBP yesterday from a blog.
Seems it's so charming a cross to trade seeing its very good trend.
Next week I'll wait for short opportunity near 0.8300.
  • #2,303
  • Feb 23, 2014 8:39am Feb 23, 2014 8:39am
For me there is a good buy opportunity right now. Divergences + double bottom; so downtrend line test at least and maybe a break upwards. First important area is 0.83


Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-d1-international-capital-markets-2.png Size: 83 KB
  • #2,304
  • Feb 23, 2014 11:53am Feb 23, 2014 11:53am
This pair will be back down to new lows again soon, I reckon.
  • #2,305
  • Feb 25, 2014 7:00am Feb 25, 2014 7:00am
Slipping down nicely after yesterday's bearish candle. I'm expecting some support around .8220 and .8200. Worth a hold, though, because we may test the lows of .8170 eventually. Sorry, this is not the greatest pair at the moment. Is it tomorrow, the GDP news for the Pound?
Gone to a better place
  • #2,306
  • Feb 25, 2014 7:35am Feb 25, 2014 7:35am
The excitement is killing me (sarcasm). Just for your information, I plan to live until I am 130. It's going well so far. So the average daily range of 40 pips is not a problem for me.
Gone to a better place
  • #2,307
  • Feb 25, 2014 9:36am Feb 25, 2014 9:36am
Hey,

I'm short from 8250. I think its going to trickle down to 8215, then hopefully a break lower.

February has been a difficult month, so i'm hoping this trade will help me turn a small profit.
  • #2,308
  • Feb 25, 2014 4:23pm Feb 25, 2014 4:23pm
A spike to .8290 area looks probable. Not a trade I'd take, but something to think about if your short. After a high above .8286, I think this pair is going down. Very likely, imo. You could probably pull 200 pips out of a short from .82900.
  • #2,309
  • Feb 26, 2014 3:38am Feb 26, 2014 3:38am
Yea, this mornings open spike stopped me out at B/E. Let see what it today brings (probably nothing!")
  • #2,310
  • Feb 26, 2014 3:55am Feb 26, 2014 3:55am
It was a fakey. Showing some good bearish price action on the M15 chart now but it is within yesterday's range and therefore not reliable.
Gone to a better place
  • #2,311
  • Feb 26, 2014 3:44pm Feb 26, 2014 3:44pm
I still think one final move above .8286 is in the cards, before the big drop. This move down from the .8286 high just looks too easy.
  • #2,312
  • Feb 26, 2014 4:45pm Feb 26, 2014 4:45pm
Attached Image
  • #2,313
  • Feb 26, 2014 4:53pm Feb 26, 2014 4:53pm
at 00:00 (GMT + 2)
  • #2,314
  • Edited 3:07pm Feb 27, 2014 2:17pm | Edited 3:07pm
Not sure about TG Moneygrams... LOL. But thanks anyway. Here is a link: http://en.wikipedia.org/wiki/Jenever. Rocking good cheeses as well.
Gone to a better place
  • #2,315
  • Feb 27, 2014 3:44pm Feb 27, 2014 3:44pm
Thinking a move to .8286 is unlikely at this point. Expecting a move to 1.8240 and probably a little bit higher, maybe 10-25 pips, before dropping. 0.8286 still a risk, though, imo.
  • #2,316
  • Feb 28, 2014 6:51am Feb 28, 2014 6:51am
Quoting Zappa
Thinking a move to .8286 is unlikely at this point. Expecting a move to 1.8240 and probably a little bit higher, maybe 10-25 pips, before dropping. 0.8286 still a risk, though, imo.
Got the spike higher, now would be a good time to short. .8286 is possible, but shouldn't go too much higher than that.
  • #2,317
  • Mar 2, 2014 3:50pm Mar 2, 2014 3:50pm
Quoting Zappa
{quote} Got the spike higher, now would be a good time to short. .8286 is possible, but shouldn't go too much higher than that.
Gotta feeling .8286 will get hit before the big fall.
  • #2,318
  • Mar 3, 2014 9:01am Mar 3, 2014 9:01am
Price Action, Support and Resistance:

.8200 provided good support in the past and I have pending longs at .8240+ so that I can get in on the retracement of Friday's bullish candle. Tightish stops and an initial target of .8267. Not too ambitious just yet.
Gone to a better place
  • #2,319
  • Mar 4, 2014 2:42am Mar 4, 2014 2:42am
Didn't quite make it and I closed this morning at a small loss. Now trading short out of the Asia box, SL 18 pips, TP1 18 pips.
Gone to a better place
  • #2,320
  • Mar 4, 2014 12:23pm Mar 4, 2014 12:23pm
Quoting smikester
Didn't quite make it and I closed this morning at a small loss. Now trading short out of the Asia box, SL 18 pips, TP1 18 pips.
Nice trading Old friend, hope all is fine on that side of the woods......
The Chonchy
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