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EUR/GBP - What a great pair to trade!

  • #2,341
  • Mar 17, 2014 11:12am Mar 17, 2014 11:12am
Remaining short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot.png Size: 42 KB
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 28 KB
  • #2,342
  • Mar 18, 2014 4:41am Mar 18, 2014 4:41am
A worthy post: http://www.forexfactory.com/showthre...77#post7346777
Gone to a better place
  • #2,343
  • Mar 18, 2014 5:03pm Mar 18, 2014 5:03pm
Hope this is the right context to post this but im new to trading and to the forums.

As most of you have seen the current price seems to have smashed the Trend line. I understand these are just guides but the information that is released seems to favour a drop as opposed to the current climb. Can someone tell me what is causing the relentless rise despite the unfavorable data being released?
  • #2,344
  • Mar 19, 2014 1:06am Mar 19, 2014 1:06am
Quoting jagdpanther
Hope this is the right context to post this but im new to trading and to the forums. As most of you have seen the current price seems to have smashed the Trend line. I understand these are just guides but the information that is released seems to favour a drop as opposed to the current climb. Can someone tell me what is causing the relentless rise despite the unfavorable data being released?
- Welcome, look at the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: SS Screen Capture #225.png Size: 16 KB
  • #2,345
  • Mar 19, 2014 2:49am Mar 19, 2014 2:49am
I'm going short around 10h20. I'm expecting a dip.
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #2,346
  • Mar 19, 2014 3:23am Mar 19, 2014 3:23am
Quoting Nocturnes
I'm going short around 10h20. I'm expecting a dip.

I ment i'm going long now on EUR/GBP. Suspecting for bad news from the UK....
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #2,347
  • Mar 19, 2014 3:38am Mar 19, 2014 3:38am
May I share a view?

I would wait for little more upside and trade short from there.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 64 KB
  • #2,348
  • Mar 19, 2014 9:51am Mar 19, 2014 9:51am
Still short. Stop still set above 8400 and trading that it will fill market below prior to filling above.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot.png Size: 34 KB
  • #2,349
  • Mar 20, 2014 4:42am Mar 20, 2014 4:42am
Starting to build some momentum and still looking to fill in to around 250 level.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 35 KB
  • #2,350
  • Mar 20, 2014 4:45am Mar 20, 2014 4:45am
Quoting ThunderDome
May I share a view? I would wait for little more upside and trade short from there. {image}
I like your idea but always find theres a fine line between waiting for the right moment and missing the trade. Like all things in life I guess. I agree with your analysis.
  • #2,351
  • Mar 21, 2014 5:53am Mar 21, 2014 5:53am
Added another short. Pattern showing all the signs of bearish reversal. Stops moved to 8400 as still think there could be a test of 385 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot.png Size: 36 KB
  • #2,352
  • Mar 23, 2014 9:10am Mar 23, 2014 9:10am
Quoting squawk
Added another short. Pattern showing all the signs of bearish reversal. Stops moved to 8400 as still think there could be a test of 385 area. {image}
wow! an aggressive move!

i think e/g is showing a neutral movement by the end of last friday.
http://www.forexfactory.com/showthre...61#post7357861

well, maybe you are right.
cheers
  • #2,353
  • Mar 23, 2014 10:20am Mar 23, 2014 10:20am
The EUR/GBP continues to battle it out within a small 100 pip trading range.

With the pair trading in such a small trading range and the possibility of both the Euro and Pound falling out of favor as the two strongest currency pairs I think we need to see what develops. An escalation of Russia into East Ukraine could weigh on the Euro giving Pound traders an edge in the coming weeks.

Inserted Video
  • #2,354
  • Mar 24, 2014 3:58am Mar 24, 2014 3:58am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140324h4.JPG Size: 87 KB
Gone to a better place
  • #2,355
  • Edited 11:26am Mar 24, 2014 11:15am | Edited 11:26am
short at 0.8362

would increase on streght below 0.8380 with stop above 0,8405

targets 0.8330 and 0,8295
  • #2,356
  • Mar 24, 2014 5:53pm Mar 24, 2014 5:53pm
Quoting fammira
short at 0.8362 would increase on streght below 0.8380 with stop above 0,8405 targets 0.8330 and 0,8295
E/G is volatile yesterday!
She recovered and turned strong in US trading.
http://www.forexfactory.com/showthre...02#post7361102
  • #2,357
  • Mar 26, 2014 1:47pm Mar 26, 2014 1:47pm
Trade is still progressing and working south.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 26 KB
  • #2,358
  • Mar 27, 2014 5:47am Mar 27, 2014 5:47am
Taken of 2/3 of position now and have last target anywhere between 230 and 250 once we have filled the last inefficient move that sent us north. The market has created more inefficient moves above and will look for a turning point soon to reverse position.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 31 KB
  • #2,359
  • Mar 28, 2014 4:10am Mar 28, 2014 4:10am
Close all the position and now waiting for a reversal pattern to form for long positions.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 26 KB
  • #2,360
  • Edited 9:44am Mar 31, 2014 5:14am | Edited 9:44am
Long positions are heading north but not comfortable and don't think they will hold yet. I think the market still needs to test further down and am scaling out of position to 8300 - 320. I am expecting a bearish reaction around that level and test lower to 240 and will look to re-enter some buy positions around 240 level.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 25 KB
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