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EUR/GBP - What a great pair to trade!

  • #3,081
  • Apr 5, 2016 1:40am Apr 5, 2016 1:40am
Quoting longshot_nl
anyone here? {image}
right now i think the 5 minute TL broke on an inconvenient place: at the weekly pivot point.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 163 KB


But this is what is bugging me..
this is the monthly chart, the 32 fib did not get tested yet.
it might act as a magnet.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPMonthly.png Size: 121 KB


I am holding my short position and hope for the best.
The rejection from the weekly pivot point is not hard and the TL did break.
I'd feel better if price went below the pivot points.
  • #3,082
  • Apr 5, 2016 1:48am Apr 5, 2016 1:48am
Good morning Longshot! Thank you for the charts. I'll wait until UK Services PMI and then trade off this 16 pip range (since midnight).
Gone to a better place
  • #3,083
  • Apr 5, 2016 2:03am Apr 5, 2016 2:03am
Quoting hellsbells
I'm SHORT... CONCUR WITH Longshot :-)
Inserted Video
  • #3,084
  • Apr 5, 2016 2:05am Apr 5, 2016 2:05am
places i add shorts..
yellow line after break / retest.
weekly pivot point after being significantly below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 178 KB
  • #3,085
  • Apr 5, 2016 2:18am Apr 5, 2016 2:18am
Quoting hellsbells
I'm SHORT... CONCUR WITH Longshot :-)
I concur with hellsbells (after 09:30 UK BST)
Gone to a better place
  • #3,086
  • Apr 5, 2016 2:53am Apr 5, 2016 2:53am
Quoting smikester
{quote} I concur with hellsbells (after 09:30 UK BST)
price just broke my yellow line a bit.
its slippery now. i wait a bit too.
imho, price is like ice.. it can break but its slippery.
  • #3,087
  • Apr 5, 2016 3:16am Apr 5, 2016 3:16am
Quoting longshot_nl
{quote} price just broke my yellow line a bit. its slippery now. i wait a bit too. imho, price is like ice.. it can break but its slippery.
Hmm. Also quite like a woman. I mean, you disrespect her and she will take all your money and run off with it.
Gone to a better place
  • #3,088
  • Apr 5, 2016 3:21am Apr 5, 2016 3:21am
Quoting smikester
{quote} Hmm. Also quite like a woman. I mean, you disrespect her and she will take all your money and run off with it.
haha, good one.
  • #3,089
  • Apr 5, 2016 3:30am Apr 5, 2016 3:30am
This is what I look for with this pair:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160405m5.JPG Size: 110 KB


Shame we are not below yesterday's low. The red line is London's day open. The box is tight so we are waiting for the news. Daily ATR is 66
Gone to a better place
  • #3,090
  • Apr 5, 2016 3:35am Apr 5, 2016 3:35am
Indecision. Time to move on. Aud/Nzd is also being a bitch.
Gone to a better place
  • #3,091
  • Apr 5, 2016 3:44am Apr 5, 2016 3:44am
Quoting smikester
Indecision. Time to move on. Aud/Nzd is also being a bitch.
ututututu.
respect, remember

I have nothing on audnzd. i wait.
  • #3,092
  • Apr 5, 2016 4:10am Apr 5, 2016 4:10am
Quoting smikester
Indecision. Time to move on. Aud/Nzd is also being a bitch.
It happens.. this time its diagonal though.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 169 KB
  • #3,093
  • Edited 7:17am Apr 5, 2016 7:02am | Edited 7:17am
Quoting longshot_nl
{quote} right now i think the 5 minute TL broke on an inconvenient place: at the weekly pivot point. {image} But this is what is bugging me.. this is the monthly chart, the 32 fib did not get tested yet. it might act as a magnet. {image} I am holding my short position and hope for the best. The rejection from the weekly pivot point is not hard and the TL did break. I'd feel better if price went below the pivot points.
what i was affraid of...
38.2 fib acting as magnet.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 129 KB


I closed half my position.
This is not what i wanted.

below the red line is where i will enter again.
edit: am tryng a short at the white line.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 146 KB
  • #3,094
  • Apr 5, 2016 7:52am Apr 5, 2016 7:52am
stopped out.. flat.
its sad this was my favorite.
i just wait now till below the red line.
then just sell with stop above it.

i am sceptical about stop hunts...
this does look like one though.
i have to wait it out, it could go to the 38.2 fib first.
its crap

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 143 KB
  • #3,095
  • Apr 5, 2016 7:54am Apr 5, 2016 7:54am
Quoting longshot_nl
{quote} what i was affraid of... 38.2 fib acting as magnet. {image} I closed half my position. This is not what i wanted. below the red line is where i will enter again. edit: am tryng a short at the white line. {image}
I straddled the 19 pip range and after a small loss short I am now in profit. Not the best, but I`m thinking of holding on to the long, .8000 may be good support.
Gone to a better place
  • #3,096
  • Apr 5, 2016 8:10am Apr 5, 2016 8:10am
Quoting smikester
{quote} I straddled the 19 pip range and after a small loss short I am now in profit. Not the best, but I`m thinking of holding on to the long, .8000 may be good support.
right, you did good...
man i wish i put my sl 2 pips farther away.
  • #3,097
  • Edited 8:35am Apr 5, 2016 8:17am | Edited 8:35am
ok blue area is decision area.
I won't buy but below i sell below the red line with a stop above the blue triangle..
another place i might sell is the big 38.2 fib..

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 138 KB
  • #3,098
  • Apr 5, 2016 8:41am Apr 5, 2016 8:41am
a little butterfly would bring me back in.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 140 KB
  • #3,099
  • Apr 5, 2016 9:08am Apr 5, 2016 9:08am
touched the 38.2 level to the pip.

i am short again. stop above the level.
its also a tiny little butterfly.
i will add below the red line.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 169 KB
  • #3,100
  • Apr 5, 2016 10:02am Apr 5, 2016 10:02am
bad day.. stopped out twice.
i go trade another pair this one broke up my expanding triangle..
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