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EUR/GBP - What a great pair to trade!

  • #2,701
  • Apr 3, 2015 9:16am Apr 3, 2015 9:16am
This sometimes could be a frustrating pair to trade
  • #2,702
  • Apr 3, 2015 3:59pm Apr 3, 2015 3:59pm
ITS A STILL A DOWNTREND IN A DAY CHART, ITS A HUGE CORRECTION, BUT I AM STILL BEARISH ON THAT PAIR. ITS A DOUBLE TOP ON A 4H CHART, SO ITS A GOOD PLACE TO DO SOME SELLS, THE BAD THING IS THAT IS FRIDAY.
ANYWAY STILL LOOKING BEARISH, FORECAST IS 0.7126 TO THE END OF THE NEXT WEEK AND IF YOU FOLLOW MY POST i STILL KEEP MY TREND IDEA FOR BEARISH AND HIT 0.705 TO THE 3RD WEEK OF APRIL
HAPPY EASTERN TO EVERYONE

Dont get confuse by the short term moves
  • #2,703
  • Apr 3, 2015 8:52pm Apr 3, 2015 8:52pm
Quoting lioslim
ITS A STILL A DOWNTREND IN A DAY CHART, ITS A HUGE CORRECTION, BUT I AM STILL BEARISH ON THAT PAIR. ITS A DOUBLE TOP ON A 4H CHART, SO ITS A GOOD PLACE TO DO SOME SELLS, THE BAD THING IS THAT IS FRIDAY. ANYWAY STILL LOOKING BEARISH, FORECAST IS 0.7126 TO THE END OF THE NEXT WEEK AND IF YOU FOLLOW MY POST i STILL KEEP MY TREND IDEA FOR BEARISH AND HIT 0.705 TO THE 3RD WEEK OF APRIL HAPPY EASTERN TO EVERYONE Dont get confuse by the short term moves

Hi L

I agree with your analysis I had a sell order at 7400 which was not hit as price did a double top before getting there. That is the kind of structure worth considering for a sell. The elections scenario is not good for the £ though

Olu
If you think you can or cannot do it you are correct
  • #2,704
  • Apr 4, 2015 5:01am Apr 4, 2015 5:01am
Quoting lioslim
ITS A STILL A DOWNTREND IN A DAY CHART, ITS A HUGE CORRECTION, BUT I AM STILL BEARISH ON THAT PAIR. ITS A DOUBLE TOP ON A 4H CHART, SO ITS A GOOD PLACE TO DO SOME SELLS, THE BAD THING IS THAT IS FRIDAY. ANYWAY STILL LOOKING BEARISH, FORECAST IS 0.7126 TO THE END OF THE NEXT WEEK AND IF YOU FOLLOW MY POST i STILL KEEP MY TREND IDEA FOR BEARISH AND HIT 0.705 TO THE 3RD WEEK OF APRIL HAPPY EASTERN TO EVERYONE Dont get confuse by the short term moves
Tnx for the contribution
  • #2,705
  • Apr 4, 2015 5:09am Apr 4, 2015 5:09am
I
Quoting Olu
{quote} Hi L I agree with your analysis I had a sell order at 7400 which was not hit as price did a double top before getting there. That is the kind of structure worth considering for a sell. The elections scenario is not good for the though Olu
Hi olu, the uk elections is actually my major concern for shorting EG. Are you short already? I took a short at 7376 but had to close it for the weekend, will look to short it as market opens 2moro
  • #2,706
  • Apr 4, 2015 9:38am Apr 4, 2015 9:38am
Wave (iv) correction is near completion next week at EURGBP.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #2,707
  • Apr 4, 2015 5:31pm Apr 4, 2015 5:31pm
Olu, I was hoping NFP would finish the correction rather than send me into SL, looking to reshort on tuesday

I also blindly put too much confidence into FXCM's below 0.72 expected (they also were short and hit the SL)
still learning my ABCs
going back to studying Aliens extraterrestrial visual thread till I understand better

Quoting Olu
{quote} Yes N. You said that already. What you havent said is why. Olu
sorry the 1st one was not there when I posted the 2nd (was still being moderated and thought it had been deleted)
just saw your reply when I came online earlier (and you were right)
  • #2,708
  • Apr 5, 2015 4:16pm Apr 5, 2015 4:16pm
My longs closed a few days ago near the March highs. I am now seeking direction for this pair from these levels (.7384) . If there is a daily close above here I may continue long if I can get a good entry. It's looking pretty bullish to me to .7750, thereabouts.
Gone to a better place
  • #2,709
  • Apr 5, 2015 5:18pm Apr 5, 2015 5:18pm
Quoting smikester
My longs closed a few days ago near the March highs. I am now seeking direction for this pair from these levels (.7384) . If there is a daily close above here I may continue long if I can get a good entry. It's looking pretty bullish to me to .7750, thereabouts.
I agree with your analysis and targets. I think we have a clear runway when 7400 is cleared. the 7380 double top needs to be cleared before that as well. Gbp's troubles are not going away
If you think you can or cannot do it you are correct
  • #2,710
  • Apr 5, 2015 6:17pm Apr 5, 2015 6:17pm
thankyou for you opinions, I'll stay on the sidelines for a bit
  • #2,711
  • Apr 5, 2015 8:18pm Apr 5, 2015 8:18pm
as long as above 7275 is long only trade.
If You Can't Join Them, Beat Them!
  • #2,712
  • Edited 10:06pm Apr 5, 2015 9:45pm | Edited 10:06pm
looking for a break of the 30 min TL and swing low break
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Learn THEN Unlearn
  • #2,713
  • Apr 6, 2015 6:03am Apr 6, 2015 6:03am
It's not the best day to set this trade but this looks like a cheap entry with an initial target of .7375. The green line is my buy stop.

If this support does not hold then if I'm lucky, my buy stop won't have activated. If it does hold then this trade could go a long way.

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Gone to a better place
  • #2,714
  • Apr 7, 2015 3:49am Apr 7, 2015 3:49am
OK I wasn't very lucky but like I said, it was a cheap entry and almost made the first target. Which way now? Olu? Highfive? hrwn47(Godblessyou)?, nimbinnstone? skyhok? anyone?

I'm puzzled. Not for the first time.
Gone to a better place
  • #2,715
  • Apr 7, 2015 8:12am Apr 7, 2015 8:12am
when my 10 ema crossed the 200 ema (on 15 min)I went short, ATM $101 ahead,
thinking this may go lower
1hr has done the same and 4 hrs may well do soonish
  • #2,716
  • Edited 8:54am Apr 7, 2015 8:27am | Edited 8:54am
closed $99 profit when CCI had started a retrace and the 10 ema was crossed
still lost heaps on the brokers call (a lesson) but got some back
  • #2,717
  • Apr 7, 2015 9:41am Apr 7, 2015 9:41am
still on short on this pair , one on 0.72593 another on 0.72805 let's see aimed for +30 pips on this positions ! short really down , hope to see the price get closer to 0.74 to short again !
  • #2,718
  • Apr 7, 2015 10:42am Apr 7, 2015 10:42am
I'm on sidelines atm (glad I picked the bottom well)
so want to see this with visual systems eyes rather than FXCM Trading Station Web
  • #2,719
  • Apr 7, 2015 6:09pm Apr 7, 2015 6:09pm
I am getting conflicting directions on different timeframes so I am out till major levels are crossed or bounced off. My best thoughts are still upwards though...
If you think you can or cannot do it you are correct
  • #2,720
  • Apr 8, 2015 4:33am Apr 8, 2015 4:33am
my 10 EMA has now crossed the 200 again but this time on the 4hr
gone back in short
hoping this now also does the same with the daily
may add another short when it does
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