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EUR/GBP - What a great pair to trade!

  • #2,961
  • Oct 23, 2015 7:52am Oct 23, 2015 7:52am
Quoting GreatNoah
Agree that GBP may be profitable enough but notwithstanding that Im from Germany, prefer trading EURUSD, that is more predictive as for my experience
I don't generally trade Gbp/Usd. I find it very tricky. I agree Eur/Usd is a bit easier, probably because of more liquidity. I started this thread sort of by mistake (see first few posts) but I find Eur/Gbp quite rewarding at times. Anyway, welcome...
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  • #2,962
  • Nov 12, 2015 8:04am Nov 12, 2015 8:04am
Eur/Gbp seems weaker and testing the immediate support level at 0.7038 and follow by the psychological level at 0.7000.
  • #2,963
  • Nov 12, 2015 6:02pm Nov 12, 2015 6:02pm
Plenty of room to either up or down, but only Friday left in this week, Friday the 13th that is
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It takes a lot for me to IGNORE you, but you can try.
  • #2,964
  • Nov 13, 2015 2:25am Nov 13, 2015 2:25am
Quoting Erebus
Plenty of room to either up or down, but only Friday left in this week, Friday the 13th that is {image}

Thanks for the chart. If .7070 holds as support, I would be bullish longer term
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  • #2,965
  • Nov 13, 2015 2:31am Nov 13, 2015 2:31am
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  • #2,966
  • Nov 14, 2015 4:46pm Nov 14, 2015 4:46pm
Hello. What do you think about my chart? Thank you very much.
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  • #2,967
  • Nov 16, 2015 7:10am Nov 16, 2015 7:10am
Hello Vaselor and thanks for the chart. Divergence is normally drawn under the price and under indicator. I have never seen it drawn like you have drawn it. With regard to the turquoise lines - the range - definitely worth keeping in mind to trade off in the future.

I don't tend to look at divergence much now, although i used to. There is some on the H4 chart, a bit like you have drawn:

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  • #2,968
  • Nov 16, 2015 7:24am Nov 16, 2015 7:24am
Thanks for replying smikester.

Yes, I didn't noticed the way I drew it. In fact, I was looking for a resistance and after that I saw the oscillator making higher lows, so that's why it looks a bit weird(but still looks valid to me ).

Thanks for your chart too, it's always pleasant to know that someone sees the same scenario.
  • #2,969
  • Nov 16, 2015 7:58am Nov 16, 2015 7:58am
Quoting Vaselor
Thanks for replying smikester. Yes, I didn't noticed the way I drew it. In fact, I was looking for a resistance and after that I saw the oscillator making higher lows, so that's why it looks a bit weird(but still looks valid to me ). Thanks for your chart too, it's always pleasant to know that someone sees the same scenario.
Sorry Vaselor I understand now.
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  • #2,970
  • Nov 16, 2015 8:36am Nov 16, 2015 8:36am
Quoting smikester
{quote} Sorry Vaselor I understand now.
It's ok, no problem.
  • #2,971
  • Nov 20, 2015 1:38pm Nov 20, 2015 1:38pm
Let's get some analysis on this thread going again. ECB Dec 3 promises more stimulus in some form to come whether it be a rate cut or more bond buying, EURO Negatives. On the other hand the BOE has no plans to raise rates anytime soon and GBP is usually bought with risk appetite. US global equities are topping. Risk off environments would put GBP in disfavor.

So far the .70 area has held pretty well. Whether it does hold after DEC. 3rd will be determined on how much of the ECB program is already priced into the EURO.
Be humble or be humbled.
  • #2,972
  • Nov 20, 2015 2:20pm Nov 20, 2015 2:20pm
just curious to know, why you like EURGBP so much?
Bulls are stupid Animals!especially when Im short!
  • #2,973
  • Nov 20, 2015 6:41pm Nov 20, 2015 6:41pm
Quoting roughtrader
just curious to know, why you like EURGBP so much?
Very limited range.
Be humble or be humbled.
  • #2,974
  • Nov 23, 2015 3:13am Nov 23, 2015 3:13am
Quoting Temujin
Let's get some analysis on this thread going again.
Thanks for those fundamentals. Today's numbers from France and Germany were not bad. I keep an eye on these and I'm looking for longer term trends. I have been known to put up the Forex factory calendar and after filtering, counting the red and green blobs for Eur and Gbp. That's as close as I get to fundamental analysis, most of the time.

To be honest, my technical analysis also remains very simple. I have explored most dimensions of technical analysis and found simple works best. For example, Fibonacci retracements work well sometimes but not all the time. So I look for price action around those pivot points. This makes me wary of complicated (what I call complicated) analysis such as harmonics. This is what I am seeing:

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Every rookie's favourite on the daily/weekly chart and as you rightly say, .7000 is holding. Well worth a small try to at least the top of the box and if the reverse head and shoulders plays out the first technical target is .8000. And what do we have here?

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On the hourly we have a tight range. One of my favourite plays is out of these boxes where we often get volatile break outs with retests some of the time. Other times you get upturned and have all your cash shaken out of your pockets. I'm looking for easy, cheap trades off price action candles on the M15 and hourly charts off these lines. I've done the math, as they say, and it works for me.

I wish you good luck but of course, there is no such thing.
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  • #2,975
  • Nov 23, 2015 4:33am Nov 23, 2015 4:33am
Eur/Gbp remains in the positive territory near 0.7010 level, immediate resistance can be found at 0.7032/42 zone, above would extend the gains to 0.71 level.
  • #2,976
  • Nov 23, 2015 7:08am Nov 23, 2015 7:08am
Quoting csc2009
Eur/Gbp remains in the positive territory near 0.7010 level, immediate resistance can be found at 0.7032/42 zone, above would extend the gains to 0.71 level.
Thanks csc2009. Was that FXStreet?
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  • #2,977
  • Nov 23, 2015 2:57pm Nov 23, 2015 2:57pm
Quoting smikester
{quote} Thanks for those fundamentals. Today's numbers from France and Germany were not bad. I keep an eye on these and I'm looking for longer term trends. I have been known to put up the Forex factory calendar and after filtering, counting the red and green blobs for Eur and Gbp. That's as close as I get to fundamental analysis, most of the time. To be honest, my technical analysis also remains very simple. I have explored most dimensions of technical analysis and found simple works best. For example, Fibonacci retracements work well sometimes...
Thanks! The level is holding. We could see a MAJOR correction to the upside in days to come or...........70 breaks. Then new levels much lower before it can be bullish again.
Be humble or be humbled.
  • #2,978
  • Nov 24, 2015 1:11am Nov 24, 2015 1:11am
Quoting Temujin
{quote} Thanks! The level is holding. We could see a MAJOR correction to the upside in days to come or...........70 breaks. Then new levels much lower before it can be bullish again.
I agree. We are retesting the top of that hourly box at .7018 as I write.
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  • #2,979
  • Dec 15, 2015 7:43am Dec 15, 2015 7:43am
Hi, is there anyone with me on the long GBPCHF? Risk = 10$ ; Potential Profit = 30$ => Reward : Risk = 3 : 1.

Let's see how it's going...

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  • #2,980
  • Dec 23, 2015 9:34am Dec 23, 2015 9:34am
Short now, sl:1000 pips tp: 2000 pips. Risk 2% :-)
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