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EUR/GBP Trading Room

  • #301
  • Apr 19, 2013 3:23am Apr 19, 2013 3:23am
Quoting namitak007
Can anyone explain me how the hell this pair works???

- Go to this site: http://www.investing.com/forex-tools...ion-calculator

- First choose the pair which is EURGBP

- Then, choose the time frame (I choose hourly time frame for example).

- Finally, you choose the number of periods (I take a 25 period).

- You will find the correlation is absolute maximum with GBPUSD & GBPCHF (at the end of the table)

- That's mean when u see cable is up, you will mostly likely see EURGBP(chunnnel) is going down and the converse is true.

- Cheers.
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1366359618
  • #302
  • Mar 11, 2015 8:44am Mar 11, 2015 8:44am
I wonder why so few people seem to trade this. For many years i always saw it at as a very gentle and slow pair. I still do. Now im very interested in it. H4 for breakout/ins seem to be very interesting.

It seems a very technically predictible pair actually. I havent had a serious look at it for years, but i might be wrong.
My signature is: "Classified".
  • #303
  • Mar 11, 2015 8:55am Mar 11, 2015 8:55am
I enjoy trading this cross rate and have done well out of it recently however I am now on the sidelines now. It is overextended and sure it has potential to drop further but when a reversal occurs it will be quick. In you are still shorting I suggest being nimble and add to your position if the trade continues to go in favour. While the price is stretched don't make the mistake which so many do as saying 'prices must reverse' because you will see just see it continue.
  • #304
  • Mar 11, 2015 9:27am Mar 11, 2015 9:27am
Quoting richieforex
I enjoy trading this cross rate and have done well out of it recently however I am now on the sidelines now. It is overextended and sure it has potential to drop further but when a reversal occurs it will be quick. In you are still shorting I suggest being nimble and add to your position if the trade continues to go in favour. While the price is stretched don't make the mistake which so many do as saying 'prices must reverse' because you will see just see it continue.
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Plenty o time to tink abut eht, tis such eh slo movah! Yah, see?

Also: Plastic bags are bad toys for small children. Ice picks should not be used for home lobotomies. Do not experiment with prescription drugs. Gunpowder can be a highly dangerous substance.

If you want to go through a door, a simple thing is to open it instead of say removing it with tools or making a hole in it with a chainsaw or other power tool.

Oh and flush the toilette when you are done OK?

Kiss kiss goodbye.
My signature is: "Classified".
  • #305
  • Apr 25, 2015 1:09pm Apr 25, 2015 1:09pm
Looks like a great cross far away from the correlations of Wall St.
Be humble or be humbled.
  • #306
  • Apr 28, 2015 2:37am Apr 28, 2015 2:37am
hi everyone,
im here again with my trade updates, as i posted 3 trades abt 2 weeks ago, and i took one of those EUR/GBP
i'm still in trade with 100+ pips and im still looking for more 50-70pips,
the other 2 trades wich i mentioned in my last post, those trades didn't turn in my favour so i didn't try to trade them.
if i see any new trade for this coming week i'll post here.
thanks you guys have a nice weekend .

http://www.forexfactory.com/showthre...421431&page=59

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  • #307
  • Aug 6, 2015 11:17am Aug 6, 2015 11:17am
One more dip before the bounce on a wave (c) ?
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Elliott Wave for optimum entry, exit and risk management of trades
  • #308
  • Aug 6, 2015 2:52pm Aug 6, 2015 2:52pm
5 pip grab going short. Very solid level
If words were riddles Money Spoken would fall from the sky
  • #309
  • Dec 1, 2015 10:43am Dec 1, 2015 10:43am
This pair could be forming a base for the upside. Wave pattern has been a complex correction (4) with an expanding diagonal wave C red, almost ready for it's advance on wave [v] , target's high but uncertain. Trading the breakout with SL at break of wave [ii] bottom.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #310
  • Edited 11:21am Dec 3, 2015 8:54am | Edited 11:21am
Not an easily agreeable wave count or view -
Present correction (4) since 11th March is retracing towards at least 0.8090 before resume down trend.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #311
  • Jan 11, 2016 6:33am Jan 11, 2016 6:33am
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  • #312
  • Jan 18, 2016 6:48pm Jan 18, 2016 6:48pm
Possible short from .7800 area with weekly 200 MA confluence + Daily / H4 price getting overbought

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___________________________________________
>> Quintons Simple & Effortless Trading thread
  • #313
  • Jan 21, 2016 10:03am Jan 21, 2016 10:03am
Quoting Quinton
Possible short from .7800 area with weekly 200 MA confluence + Daily / H4 price getting overbought {image} ___________________________________________ >> Quintons Simple & Effortless Trading thread

confirmed.
time to short...

draghi wiped EUR longs chances.
  • #314
  • Jan 21, 2016 1:50pm Jan 21, 2016 1:50pm
Quoting openyoureyes
{quote} confirmed. time to short... draghi wiped EUR longs chances.




___________________________________________
>> Quinton’s Simple & Effortless Trading thread
  • #315
  • Jan 21, 2016 2:12pm Jan 21, 2016 2:12pm
on H4 theres still an intact upward channel since end of december last year.... maybe it's a bit to early to annouce a "short time".
  • #316
  • Jan 21, 2016 11:36pm Jan 21, 2016 11:36pm
9 hours later its "easier" to agree to you.. ;-)
  • #317
  • Jan 22, 2016 5:23am Jan 22, 2016 5:23am
I have shorted and my target is 1.4540.
  • #318
  • Jan 22, 2016 6:04am Jan 22, 2016 6:04am
Quoting Quinton
{quote} ___________________________________________ >> Quintons Simple & Effortless Trading thread
Still holding?

I will short later, london open monday:

TP1: 0.7327
TP2: 0.70x

has the chance to be the best trade of the year IMHO
  • #319
  • Jan 22, 2016 8:50am Jan 22, 2016 8:50am
Quoting openyoureyes
{quote} Still holding? I will short later, london open monday: TP1: 0.7327 TP2: 0.70x has the chance to be the best trade of the year IMHO
openyoureyes,

Be careful though, price is heading right toward the highs of the range that it just broke out of. There is some serious support at .7441 - .7422.
Manage accordingly.


Attached Image (click to enlarge)
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___________________________________________
>> Quinton’s Simple & Effortless Trading thread
  • #320
  • Jan 22, 2016 9:07am Jan 22, 2016 9:07am
Quoting Quinton
{quote} openyoureyes, Be careful though, price is heading right toward the highs of the range that it just broke out of. There is some serious support at .7441 - .7422. Manage accordingly. {image} ___________________________________________ >> Quintons Simple & Effortless Trading thread
need +2 days to reach there,
I haven't calculated but 0.7420 is more than %3 away.

P.S.: my support level is around 0.733x for 4H...
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