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EUR/GBP - What a great pair to trade!

  • #2,361
  • Apr 1, 2014 2:22am Apr 1, 2014 2:22am
This overlay shows the possibility of the Euro being a bit undervalued against the Pound in the same way it was over valued on 24th March 18:00. It's an hourly chart

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdgbpusdoverlay140104h1.JPG Size: 88 KB
Gone to a better place
  • #2,362
  • Apr 1, 2014 2:30pm Apr 1, 2014 2:30pm
Have taken of all long positions at 300 and waiting for price to retest down to 240 before adding some more long positions.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 27 KB
  • #2,363
  • Apr 2, 2014 5:45am Apr 2, 2014 5:45am
Great charts. Here's my effort. I've been dabbling with Trading View. Very flash. Almost looks as though I know what I'm doing.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140402w1.JPG Size: 63 KB
Gone to a better place
  • #2,364
  • Apr 2, 2014 1:50pm Apr 2, 2014 1:50pm
Quoting smikester
Great charts. Here's my effort. I've been dabbling with Trading View. Very flash. Almost looks as though I know what I'm doing. {image}
Hi Smikester, thanks buddy. Nice charts yourself, very clean. Are you actively trading this pair at the moment?
  • #2,365
  • Apr 2, 2014 1:53pm Apr 2, 2014 1:53pm
Still waiting for a deeper test into 240 - 200 before adding some new long positions. Took some small short positions for the day from 300 and managed to get some nice movement but have closed them out now and just waiting for lower level to enter long.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Daily_snapshot.png Size: 35 KB
  • #2,366
  • Edited Apr 3, 2014 2:18am Apr 2, 2014 2:23pm | Edited Apr 3, 2014 2:18am
Quoting squawk
{quote} Hi Smikester, thanks buddy. Nice charts yourself, very clean. Are you actively trading this pair at the moment?

I'm flat this pair at the moment. I placed a buy stop at .8310 this morning but very low margin. I'm glad it wasn't filled before the plunge.

I couldn't help noticing the twerps on the cable thread giving you a hard time. I only go there to read for a laugh and rarely post there now. Some good traders post there but I don't know why.
Gone to a better place
  • #2,367
  • Apr 2, 2014 5:54pm Apr 2, 2014 5:54pm
Quoting smikester
{quote} I'm flat this pair at the moment. I placed a buy stop at .8310 this morning but very low margin. I'm glad it wasn't filled before the plunge. I couldn't help noticing the twerps on the cable thread giving you a hard time. I only go there to read for a laugh and rarely post there now. Some good traders post there but I don't know why.
I don't really post that much any more, or try not to. Like you it's good for a laugh and don't really take to much notice of any traders. I was on this forum in 2005 to 2008 under another alias but got away from it because of the same reasons. Also find it can disrupt your trading.

Theres a lot of inefficiencies in this pair to 8450 and then to 8550, so I'm sure it will run higher it's just picking the spot. I think it may test a little lower first and I've got 240 marked as a level but could go up from here.

Good luck with your trading.

  • #2,368
  • Apr 2, 2014 11:00pm Apr 2, 2014 11:00pm
Quoting squawk
Still waiting for a deeper test into 240 - 200 before adding some new long positions. Took some small short positions for the day from 300 and managed to get some nice movement but have closed them out now and just waiting for lower level to enter long. {image}
in my thinking, if the price break 240 (lower than 240), there will be a long distance for it to walk south
  • #2,369
  • Apr 3, 2014 5:50am Apr 3, 2014 5:50am
Quoting satfish
{quote} in my thinking, if the price break 240 (lower than 240), there will be a long distance for it to walk south

Hi Satfish, whats your thinking around why this is an important break level?
  • #2,370
  • Apr 3, 2014 6:04am Apr 3, 2014 6:04am
Looking to scalp a cheeky short.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot.png Size: 27 KB
  • #2,371
  • Apr 3, 2014 8:47am Apr 3, 2014 8:47am
Closed some short scalps at 272. Out of this pair for now.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot.png Size: 28 KB
  • #2,372
  • Apr 3, 2014 9:05am Apr 3, 2014 9:05am
Quoting squawk
Closed some short scalps at 272. Out of this pair for now. {image}
nice trade!
  • #2,373
  • Apr 3, 2014 9:11am Apr 3, 2014 9:11am
Quoting squawk
{quote} Hi Satfish, whats your thinking around why this is an important break level?
the price hover between 240 and 280, in the bearish market 240 apparently is an important break level (bear).
however, 280 is not the break level for bull.
am i the same thinking with you?
  • #2,374
  • Apr 3, 2014 10:08am Apr 3, 2014 10:08am
Quoting satfish
{quote} the price hover between 240 and 280, in the bearish market 240 apparently is an important break level (bear). however, 280 is not the break level for bull. am i the same thinking with you?

Hi Satfish, 240 was the breakaway level for the last bull run up to 400. It's a significant level in that it will have to be tested sometime. I don't think the break down of this level will indicate a bearish view. I see 160 area as a significant change and continuation of the bears for this pair however I think if price starts breaking down 220 and 200 this may be an indication that we are heading to 160.


Good luck with your trading.


Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_1 Min_snapshot.png Size: 19 KB
Click to Enlarge Name: Chart_EUR_GBP_Hourly_snapshot.png Size: 26 KB
  • #2,375
  • Apr 4, 2014 7:52am Apr 4, 2014 7:52am
It looks down trend now from my 1h, 4h and day charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 51 KB
Click to Enlarge Name: gbpusdh4.png Size: 62 KB
Click to Enlarge Name: gbpusddaily.png Size: 49 KB
  • #2,376
  • Apr 4, 2014 9:06am Apr 4, 2014 9:06am
Alot of people on here saying down, down, down... And on the lower time frames, nothing really screams buy for sure. But let me give those thinking about buying a reason... 2 weekly charts, 1st one, showing a bounce off the 50 fib level, and the second one showing a trendline break and retest taking place. Will it hold... Who knows, time will tell. Have a great weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpweekly.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpweekly2.png Size: 49 KB
  • #2,377
  • Apr 7, 2014 7:51am Apr 7, 2014 7:51am
Quoting Nate04
Alot of people on here saying down, down, down... And on the lower time frames, nothing really screams buy for sure. But let me give those thinking about buying a reason... 2 weekly charts, 1st one, showing a bounce off the 50 fib level, and the second one showing a trendline break and retest taking place. Will it hold... Who knows, time will tell. Have a great weekend. {image} {image}
I'm expecting a retest @ 1.658
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #2,378
  • Apr 7, 2014 3:28pm Apr 7, 2014 3:28pm
Quoting Nocturnes
{quote} I'm expecting a retest @ 1.658
Nocturnes, Think you are on the wrong thread. Are you talking about GBPUSD.
  • #2,379
  • Apr 7, 2014 3:29pm Apr 7, 2014 3:29pm
Quoting Nate04
Alot of people on here saying down, down, down... And on the lower time frames, nothing really screams buy for sure. But let me give those thinking about buying a reason... 2 weekly charts, 1st one, showing a bounce off the 50 fib level, and the second one showing a trendline break and retest taking place. Will it hold... Who knows, time will tell. Have a great weekend. {image} {image}
Hi Nate,

I think most people recently are looking mid term bullish at this pair now.
  • #2,380
  • Edited 4:23am Apr 8, 2014 3:38am | Edited 4:23am
This pair has re-tested deep enough, where it needs to so looking to go long on this pair once we get confirmation as could over shoot a little lower.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.png Size: 26 KB
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