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EUR/GBP - What a great pair to trade!

  • #2,401
  • Apr 11, 2014 8:10am Apr 11, 2014 8:10am
Quoting squawk
I will post a few more examples and then leave it as don't want to change tone of the thread. Although I do sometimes feel alone in here....
you r not alone, we just watch u behind u
  • #2,402
  • Apr 14, 2014 7:51am Apr 14, 2014 7:51am
The price below 0.8270, It seems that the uptrend is over？
  • #2,403
  • Apr 14, 2014 4:18pm Apr 14, 2014 4:18pm
Quoting squawk
My shorts on the cable so far 3 positions. {image}
Very interesting way of looking at the market there, I'm going to study this some more.

Thanks for sharing.
  • #2,404
  • Apr 14, 2014 5:02pm Apr 14, 2014 5:02pm
In short on this pair, anyone with me?
  • #2,405
  • Apr 14, 2014 5:30pm Apr 14, 2014 5:30pm
Quoting smikester
{quote} Thanks for sharing Squawk. This analysis approach reminds me of Stocky Monk who uses Point and Figure charts. Hasn't posted for a while, though.
I did mean market profile charts - not point and figure.
Gone to a better place
  • #2,406
  • Apr 14, 2014 5:37pm Apr 14, 2014 5:37pm
Quoting peeterwoolf
In short on this pair, anyone with me?
I'd like to know why. We're sitting on last year's low and the hourly looks like a very strong rejection. Maybe you are thinking longer term?
Gone to a better place
  • #2,407
  • Apr 15, 2014 1:28pm Apr 15, 2014 1:28pm
Quoting smikester
{quote} I'd like to know why. We're sitting on last year's low and the hourly looks like a very strong rejection. Maybe you are thinking longer term?
I'm talking about EUR/GBP pair, Entered at price 0.8312 when I had a crossing from 2 indicators, current price is 0.826.
  • #2,408
  • Apr 16, 2014 5:20am Apr 16, 2014 5:20am
Bought it on 0.8264, target is 0.8274, current is 0.8238, what do you think, am I fool, or it will get target before Friday?
  • #2,409
  • Apr 16, 2014 6:24am Apr 16, 2014 6:24am
I sold this morning at .8250 (Asian session low), already part closed:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140416m5.JPG Size: 114 KB


Added short at .8240 (yesterday's low).

Target .8220 and maybe lower.
Gone to a better place
  • #2,410
  • Apr 16, 2014 6:27am Apr 16, 2014 6:27am
Quoting squirrelbob
Bought it on 0.8264, target is 0.8274, current is 0.8238, what do you think, am I fool, or it will get target before Friday?
I don't know. I definitely wouldn't say you were a fool. Anything could happen. I generally trade London break out and see where it takes me. What would be your reasoning for the long trade?
Gone to a better place
  • #2,411
  • Apr 16, 2014 6:43am Apr 16, 2014 6:43am
Quoting smikester
{quote} I don't know. I definitely wouldn't say you were a fool. Anything could happen. I generally trade London break out and see where it takes me. What would be your reasoning for the long trade?
((( GB reported nice today, so EURGBP will be as it is, it will not be lower, because no new news to wait. But tomorrow Germany and EU will also report and it may be good for EUR, hoping for it. For Chart EURGBP unnaturally low for this moment, so I will play long until it grow to sell with profit.
  • #2,412
  • Apr 16, 2014 7:06am Apr 16, 2014 7:06am
Quoting squirrelbob
{quote} ((( GB reported nice today, so EURGBP will be as it is, it will not be lower, because no new news to wait. But tomorrow Germany and EU will also report and it may be good for EUR, hoping for it. For Chart EURGBP unnaturally low for this moment, so I will play long until it grow to sell with profit.
OK Squirrelbob. Just be careful - take care of your nuts.
Gone to a better place
  • #2,413
  • Apr 16, 2014 7:27am Apr 16, 2014 7:27am
actually, price break 0.8270 on monday, means that the uptrend may be over.
  • #2,414
  • Apr 16, 2014 8:36am Apr 16, 2014 8:36am
Just thought I'd post my thoughts on this pair. Quite a difficult pair this year.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140416w1.JPG Size: 118 KB


We can see .8160 is an important level. It's a 50% retracement of the 2007 to 2008 rise from .6500 to .9800 ...

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp140416D1.JPG Size: 140 KB


The daily chart shows the effect of .8160 on the previous down trend. We are approaching that level again.
Gone to a better place
  • #2,415
  • Apr 16, 2014 8:54am Apr 16, 2014 8:54am
We just broke and retested .8230, the month low. It will be interesting to see where that takes us.
Gone to a better place
  • #2,416
  • Apr 16, 2014 5:54pm Apr 16, 2014 5:54pm
I'm hoping it will go lower than 0.821. Let's see.
  • #2,417
  • Apr 17, 2014 4:52pm Apr 17, 2014 4:52pm
The EUR/GBP pair fell during the session on Wednesday, grinding down to the 0.82 handle, The price has been between the 0.82 handle in the 0.84 handle, and there is nothing that suggests that things are going to change anytime soon.
  • #2,418
  • Apr 21, 2014 1:52am Apr 21, 2014 1:52am
Attached Image (click to enlarge)
Click to Enlarge Name: 7-eurgbpdaily.png Size: 17 KB
  • #2,419
  • Apr 22, 2014 5:14am Apr 22, 2014 5:14am
Quoting zarghami
{image}
your range is so wide that it needs a long time to reach your target, say1-2 month, even longerbut situation could change everyday, to say nothing of 2 month
  • #2,420
  • Apr 22, 2014 4:13pm Apr 22, 2014 4:13pm
We had low volume trading day, Pound crept up to a six-week high against the euro today, interesting to see where this will lead us.
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