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EUR/GBP - What a great pair to trade!

  • #2,461
  • May 21, 2014 6:48pm May 21, 2014 6:48pm
Isn,t today a good day.
Mine showing a bearish, I,d expect a bullish bounce while PMIs and then all bears down
Heed the lessons of failure.
  • #2,462
  • May 22, 2014 2:05pm May 22, 2014 2:05pm
Quoting smikester
{quote}Good trade Peeter. I shorted from .8132 and exited part at .8123 and .8103. Not sure what you mean, though. It could go a lot further but I wanted to leave some leverage for Usd/Cad longs in the afternoon. It all depends on trading style. I want to hold Usd/Cad longs for the next few months...
Any particular target for you want to hold USD/CAD for next few months If you don't mind me asking?
  • #2,463
  • May 23, 2014 3:23am May 23, 2014 3:23am
Quoting peeterwoolf
{quote} Any particular target for you want to hold USD/CAD for next few months If you don't mind me asking?
Not at all. For USD/CAD the monthly pattern is bullish. I am targeting 1.1; 1.1278; 1.3; 1.6. But I may be completely wrong...

Not so sure where this slug (Eur/Gbp) is going though.
Gone to a better place
  • #2,464
  • May 23, 2014 3:15pm May 23, 2014 3:15pm
Quoting smikester
{quote} Not at all. For USD/CAD the monthly pattern is bullish. I am targeting 1.1; 1.1278; 1.3; 1.6. But I may be completely wrong... Not so sure where this slug (Eur/Gbp) is going though.
Thank you for your reply, I have to say usd/cad is looking good on the upside. Speaking of eur/gbp, this pair is trading flat today, I'm not sure where it's going either. But we may see some movement next week due to European Union election results at the weekend could destabilize some euro zone government..
  • #2,465
  • May 23, 2014 7:29pm May 23, 2014 7:29pm
shared up with u , my analysis
http://www.forexfactory.com/showthre...92#post7489692
  • #2,466
  • May 26, 2014 1:28am May 26, 2014 1:28am
Quoting smilemiz
shared up with u , my analysis http://www.forexfactory.com/showthre...92#post7489692
Thanks for sharing. Other threads are interested in Eur/Gbp?

@peeterwolf: "But we may see some movement next week due to European Union election results at the weekend could destabilize some euro zone government." Strong anti Europe movement votes especially in France but as I write, the Euro strengthens... You couldn't make it up...
Gone to a better place
  • #2,467
  • May 26, 2014 4:00am May 26, 2014 4:00am
Quoting smikester
{quote} Thanks for sharing. Other threads are interested in Eur/Gbp? @peeterwolf: "But we may see some movement next week due to European Union election results at the weekend could destabilize some euro zone government." Strong anti Europe movement votes especially in France but as I write, the Euro strengthens... You couldn't make it up...
welcome
  • #2,468
  • May 26, 2014 2:44pm May 26, 2014 2:44pm
Quoting smilemiz
shared up with u , my analysis http://www.forexfactory.com/showthre...92#post7489692
Interesting thread, I didn't know. Thank you for sharing.
  • #2,469
  • May 27, 2014 5:01am May 27, 2014 5:01am
Hi guys, I'm not new to FF or trading but I haven't been sharing my views much. I just took a look at EURGBP and this is what I got, let me know what you guys think. It's definitely not a perfect harmonic and there may be other patterns but my Weekly and Monthly CCI are indicating bullish movement. Plus the Daily indecisions, this is looking good for an up move.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP 27 May 2014 Bullish Gartley or Cypher.png Size: 56 KB
A 1 pip gain is better than a 1 pip loss.
  • #2,470
  • May 27, 2014 6:35am May 27, 2014 6:35am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB

Hello! I have a flag forming on the 30 minute chart. I hope this thing goes up cause I'm in a buy position. Currently my 1 hour keeps going down. but there is a uptrend move on the four hour so who knows which way it may go....
  • #2,471
  • May 27, 2014 1:12pm May 27, 2014 1:12pm
It does show downtrend continues in the daily chart, any buying signs at this point in time is break above 0.8250 level, but I'm not sure.
  • #2,472
  • May 27, 2014 3:20pm May 27, 2014 3:20pm
Quoting aeternum
Hi guys, I'm not new to FF or trading but I haven't been sharing my views much. I just took a look at EURGBP and this is what I got, let me know what you guys think. It's definitely not a perfect harmonic and there may be other patterns but my Weekly and Monthly CCI are indicating bullish movement. Plus the Daily indecisions, this is looking good for an up move. {image}

No disrespect aeternum but that does not represent any pattern to me? If I was going to run with a pattern it would be AB=CD pattern. Hit 127 time and price are the same. Should also look at the measured currency against the USD when trading the crosses and Cable took a hiding today against the USD. Euro also seems to be stalling for a retrace to the upside. Just my thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Daily_snapshot.png Size: 44 KB
  • #2,473
  • May 28, 2014 3:14pm May 28, 2014 3:14pm
Quoting squawk
{quote} No disrespect aeternum but that does not represent any pattern to me? If I was going to run with a pattern it would be AB=CD pattern. Hit 127 time and price are the same. Should also look at the measured currency against the USD when trading the crosses and Cable took a hiding today against the USD. Euro also seems to be stalling for a retrace to the upside. Just my thoughts. {image}
Good analysis. I agree we should also take consideration of measured currency against the $.
  • #2,474
  • May 29, 2014 12:49am May 29, 2014 12:49am
last three rejections have been really good selling opps,

well here is another one
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #2,475
  • May 29, 2014 4:52pm May 29, 2014 4:52pm
Quoting Danny Maina
last three rejections have been really good selling opps, well here is another one {image}
Nice chart, it shows clearly another selling opps.
  • #2,476
  • Jun 1, 2014 6:51am Jun 1, 2014 6:51am
It looks like correction moves last Friday. Next week is important for both currency.
  • #2,477
  • Jun 1, 2014 7:30am Jun 1, 2014 7:30am
with 30ADR last 20days this pair is not Great as thread title claims.
Its basically parking your funds and waiting for days and days while other opportunities arise ...more frequently.
In trading, you have to be defensive and aggressive at the same time
  • #2,478
  • Jun 1, 2014 9:16pm Jun 1, 2014 9:16pm
I have been watching this pair for awhile now, mostly because of pip value, In all transparency I don't trade this pair at all as of yet but with big ecb news coming out later this week I am seriously considering a short position on this esp before german cpi or do you regular guys think this is somewhat already priced in? Thanks
  • #2,479
  • Edited 3:44am Jun 2, 2014 2:41am | Edited 3:44am
Quoting Davit
with 30ADR last 20days this pair is not Great as thread title claims. Its basically parking your funds and waiting for days and days while other opportunities arise ...more frequently.
Thank you for your learned contribution. If you were to read the first page of the thread you would also learn how the thread accidentally started and got its name.

I do disagree with your comment, though. If you see an opportunity with a pair that has a relatively low (or high) ATR then it's a simple matter to adjust your risk accordingly. I'm sure you are doing this already. Then the only consideration is the volatility/spread ratio which would normally only be important to scalpers.

Now I sound as though I have had a sense of humour by pass. Sorry.
Gone to a better place
  • #2,480
  • Edited 5:32am Jun 2, 2014 4:50am | Edited 5:32am
Quoting wyley187
I have been watching this pair for awhile now, mostly because of pip value, In all transparency I don't trade this pair at all as of yet but with big ecb news coming out later this week I am seriously considering a short position on this esp before german cpi or do you regular guys think this is somewhat already priced in? Thanks
I'm not the best qualified to comment on fundamentals. I mostly trade this pair off London open set ups and so I suppose it's technical.

Maybe someone else can chip in?
Gone to a better place
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