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EUR/GBP - What a great pair to trade!

  • #2,721
  • Apr 8, 2015 8:31am Apr 8, 2015 8:31am
Quoting nimbinsstone
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

Just had the chance to see price action and the timeframes I follow have now aligned short. Will check it out again EOD and make a decision

Olu
If you think you can or cannot do it you are correct
  • #2,722
  • Apr 8, 2015 5:47pm Apr 8, 2015 5:47pm
up $130 from hard TP overnight, thinking about going back in short again
  • #2,723
  • Apr 9, 2015 4:10am Apr 9, 2015 4:10am
mmm, bloody markets!
never lines up
  • #2,724
  • Apr 9, 2015 9:12am Apr 9, 2015 9:12am
Quoting nimbinsstone
mmm, bloody markets! never lines up
Frustrating times I would say
If you think you can or cannot do it you are correct
  • #2,725
  • Apr 9, 2015 2:30pm Apr 9, 2015 2:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
If you think you can or cannot do it you are correct
  • #2,726
  • Apr 9, 2015 4:18pm Apr 9, 2015 4:18pm
got stopped out yesterday, I do agree that it has further to go go
  • #2,727
  • Apr 9, 2015 5:37pm Apr 9, 2015 5:37pm
Quoting nimbinsstone
got stopped out yesterday, I do agree that it has further to go go

It just appears that it has a mind of its one and does the obvious not straightaway but eventually. Anyway 7225 cracking. To be or not to be?
If you think you can or cannot do it you are correct
  • #2,728
  • Apr 9, 2015 6:13pm Apr 9, 2015 6:13pm
...one, two and twenty four hour charts show bullish divergences
  • #2,729
  • Apr 9, 2015 8:26pm Apr 9, 2015 8:26pm
Quoting Coondawg71
...one, two and twenty four hour charts show bullish divergences
I cant see any significant bullish divergence on my charts. However I use the full stoch 5,3,3
If you think you can or cannot do it you are correct
  • #2,730
  • Apr 10, 2015 3:10am Apr 10, 2015 3:10am
Yesterday showed an inside bar on the London feed reflecting the uncertain sentiment on this thread. Now we are sitting on support, a 38.2% level, neckline of a double high, with UK industrial production at 09:30 uk time.

If it weren't a Friday this would be almost perfect to trade with a technical target of .7060 if the figures meet the target. Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp150410d1.JPG Size: 132 KB
Gone to a better place
  • #2,731
  • Apr 10, 2015 7:23am Apr 10, 2015 7:23am
The mother of all teases - price broke support by 3 pips and reversed
If you think you can or cannot do it you are correct
  • #2,732
  • Apr 10, 2015 12:18pm Apr 10, 2015 12:18pm
It runs away faster than I thought. Turned south on 6th April just as EURUSD did.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH411Apr15.png Size: 40 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,733
  • Apr 10, 2015 6:28pm Apr 10, 2015 6:28pm
Very true, Euro had worst performance the whole week cause Eur/Gbp fell sharply for the last 5 days, but still found support at 0.7220 level.
  • #2,734
  • Edited 2:43am Apr 11, 2015 2:33am | Edited 2:43am
monthly chart showing rejection on the channel/resistance retest with previous 2 months closing below resistance and crucial fib
going back even to 96-97, we see the monthly candle dance about this level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPMonthly.png Size: 26 KB
Click to Enlarge Name: EURGBPMonthly1.png Size: 33 KB
Click to Enlarge Name: EURGBPDaily.png Size: 25 KB
Click to Enlarge Name: EURGBPH4.png Size: 30 KB
Come with me if you want to live....
  • #2,735
  • Apr 11, 2015 3:43am Apr 11, 2015 3:43am
weekly looks overall bearish off the retest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 33 KB
Click to Enlarge Name: EURGBPWeekly1.png Size: 20 KB
Come with me if you want to live....
  • #2,736
  • Apr 11, 2015 7:33am Apr 11, 2015 7:33am
So for this, I have been learning Candlestick Alert and Confirmation candles. It actually works really well as a simple trading method.

For some reason, I have never learned anything about the charts. I know I know. I have traded with IGIndex, JPMorgan and I am not solely invested in eToro. I love the social aspect.

I got caught on the hop. I have a position that I want to go back to the 7226 price for TP. I didnt check the ranges properly and its my fault.
  • #2,737
  • Apr 12, 2015 6:39pm Apr 12, 2015 6:39pm
mmmmm, gap down to 0.7225 and now bouncing back up.
  • #2,738
  • Apr 13, 2015 6:44am Apr 13, 2015 6:44am
Looking at the chart it should start turning North fairly soon imho
Attached Image (click to enlarge)
Click to Enlarge Name: Eur-Gbp.PNG Size: 90 KB
  • #2,739
  • Apr 13, 2015 7:35am Apr 13, 2015 7:35am
Quoting Pat494
Looking at the chart it should start turning North fairly soon imho {image}
What I see in that chart is a battle over .7230 (March 31st low) for the last 5 days. It has just broken through. So I wonder if you could elaborate?
Gone to a better place
  • #2,740
  • Apr 13, 2015 8:38am Apr 13, 2015 8:38am
Quoting smikester
{quote} What I see in that chart is a battle over .7230 (March 31st low) for the last 5 days. It has just broken through. So I wonder if you could elaborate?
Cheers, seeing the same
At this point in time, looks like being rejected on the 4hr retest, with all else looking bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 21 KB
Click to Enlarge Name: EURGBPDaily.png Size: 23 KB
Click to Enlarge Name: EURGBPH4.png Size: 29 KB
Come with me if you want to live....
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