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EUR/GBP - What a great pair to trade!

  • #2,901
  • Aug 26, 2015 10:21am Aug 26, 2015 10:21am
FINALLY, I think fixed-Short.
  • #2,902
  • Aug 26, 2015 10:45am Aug 26, 2015 10:45am
position as short now ideal.
this is a good start off point
I think
  • #2,903
  • Aug 26, 2015 11:22am Aug 26, 2015 11:22am
I have seen a large spike Monday, but I was waiting for confirmation
  • #2,904
  • Aug 26, 2015 12:27pm Aug 26, 2015 12:27pm
Price now waits

I think economic data
  • #2,905
  • Aug 27, 2015 12:09am Aug 27, 2015 12:09am
Quoting tiborf71
Price now waits I think economic data
You don't seem very sure. AKA the market. Double inside bar on the daily. Normally, I love these but in these uncertain days, we could be lifted upside down, shaken and have our pockets emptied.

Very wise to wait for some news, or someone with more money than us...
Gone to a better place
  • #2,906
  • Aug 27, 2015 12:11am Aug 27, 2015 12:11am
I think there will be some buy orders waiting above .7424.
Gone to a better place
  • #2,907
  • Aug 27, 2015 12:13am Aug 27, 2015 12:13am
Am short on this pair till 0. 7200 -0. 7180 will see
Forex Learner
  • #2,908
  • Aug 27, 2015 1:08am Aug 27, 2015 1:08am
Quoting rkr81
Am short on this pair till 0. 7200 -0. 7180 will see
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 29 KB
Combat crazy markets with crazy trading
  • #2,909
  • Aug 27, 2015 1:46am Aug 27, 2015 1:46am
Forex Learner
  • #2,910
  • Aug 27, 2015 2:43am Aug 27, 2015 2:43am
I'm more conservative

but yeah, I see 7180

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 31 KB
Come with me if you want to live....
  • #2,911
  • Aug 30, 2015 1:05pm Aug 30, 2015 1:05pm
EURGPB Sell when open SL 0.7365 ,100 pip sl
TP 600 pips
  • #2,912
  • Aug 30, 2015 3:06pm Aug 30, 2015 3:06pm
Quoting mkvy
EURGPB Sell when open SL 0.7365 ,100 pip sl TP 600 pips
It's Monday, better to wait until London Open, look for some confirming Price Action

May the pips be with you
Attached Image (click to enlarge)
Click to Enlarge Name: 31-08-2015 8-03-34 AM.png Size: 107 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,913
  • Edited Aug 31, 2015 1:04am Aug 30, 2015 3:25pm | Edited Aug 31, 2015 1:04am
Great one to watch this pair... what im seeing is a lower low at the market open... to me that says trendchange downward in spite of the asian session..

would not be surprised if this pair falls alot lower... it needs to, i created a 5 GBP account but its standard and the lowest volume is 10p per pip... that gives me about 74 pips of stoploss (50%) bonus included... "i hate depositing money"!
  • #2,914
  • Aug 31, 2015 1:09am Aug 31, 2015 1:09am
Adjusting that stoploss at the peak to peak down trend line .7421 and .7353 its at about 87 pips which is over margin by 13 pips, if the price holds below in the next 12 hours should be within margin... just!!

right now just 20 pips away from being green on this trade
  • #2,915
  • Aug 31, 2015 1:25am Aug 31, 2015 1:25am
Quoting mkvy
Great one to watch this pair... what im seeing is a lower low at the market open... to me that says trendchange downward in spite of the asian session.. would not be surprised if this pair falls alot lower... it needs to, i created a 5 GBP account but its standard and the lowest volume is 10p per pip... that gives me about 74 pips of stoploss (50%) bonus included... "i hate depositing money"!
Good morning. Risk averse or what? Where can you open an account with £5.00?
Gone to a better place
  • #2,916
  • Aug 31, 2015 1:39am Aug 31, 2015 1:39am
Quoting smikester
{quote} Good morning. Risk averse or what? Where can you open an account with 5.00?
I know its kinda crazy... 0.10 GBP volume would be more suited to an account with 500GBP or 1000 GBP... not 5 GBP... for some reason my accounts changed... i used to get about 0.05p per pip on the lowest volume .01... i dont know wht its changed... maybe the leverage i put up to 1:800... normally it was about 1:200
  • #2,917
  • Aug 31, 2015 1:40am Aug 31, 2015 1:40am
Quoting smikester
{quote} Good morning. Risk averse or what? Where can you open an account with 5.00?
XM.com, i wanted 150 pips to play with not 75!!! oh well, im in the trade now
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 165 KB
  • #2,918
  • Aug 31, 2015 2:59am Aug 31, 2015 2:59am
I don't have a position at the moment but I'm not sure why people are bearish this pair. We are trading above the July highs and so there is no longer a down trend in daily or even weekly terms.

There is a bull flag forming above the July highs:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp150831h4.JPG Size: 136 KB
Gone to a better place
  • #2,919
  • Aug 31, 2015 3:04am Aug 31, 2015 3:04am
Here's a view of cable. Engulfing last 6 weeks?:

Attached Image
Gone to a better place
  • #2,920
  • Aug 31, 2015 1:18pm Aug 31, 2015 1:18pm
Hanging in there! Now 23 hours since starting this trade... The longer it keeps away from that trendline the more chance there is for a move down
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 167 KB
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