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EUR/GBP - What a great pair to trade!

  • #3,141
  • Apr 12, 2016 8:49am Apr 12, 2016 8:49am
Quoting fammira
CPI data moderately positive for sterling, with the cross gently going down. I would use weakness to buy, expecting a test of area 0,7960 / 40. in that case, I think those levels should hold and bring new strenght, possibily later this week or next week. I sold around 0,8090 and 0.8073, took profit yesterday. Small short today before the data at 0,8026 closed too early, but profit is profit. Now I wait for more weakness to initiate a long position
perhaps....

Attached Image (click to enlarge)
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  • #3,142
  • Apr 12, 2016 10:29am Apr 12, 2016 10:29am
well, 7960 held, and as long as it trades above, buy dips is the main idea for new highs
  • #3,143
  • Apr 13, 2016 6:48am Apr 13, 2016 6:48am
Shorts may find this area tricky to navigate. I closed mine just now and it looks as though a few others did too.

Attached Image (click to enlarge)
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Gone to a better place
  • #3,144
  • Apr 17, 2016 6:55pm Apr 17, 2016 6:55pm
i go try a short here if there is confluence.
otherwise i move my short up.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 136 KB
  • #3,145
  • Apr 18, 2016 2:18am Apr 18, 2016 2:18am
Quoting longshot_nl
i go try a short here if there is confluence. otherwise i move my short up. {image}
Interesting. I traded the daily inside bar off this level. On the UK time zone it took my short for 3 pips then reversed and stopped out. (Bollo***!!) I left a straddle trade so I'm now long.

Looking at your chart makes me feel like I'm using a blunderbuss.
Gone to a better place
  • #3,146
  • Apr 18, 2016 2:55am Apr 18, 2016 2:55am
Quoting smikester
{quote} Interesting. I traded the daily inside bar off this level. On the UK time zone it took my short for 3 pips then reversed and stopped out. (Bollo***!!) I left a straddle trade so I'm now long. Looking at your chart makes me feel like I'm using a blunderbuss.
i closed my long on friday for 0 pips because i am afraid for gaps against me on Monday so would give me crappy weekend. Would have had pips now though..
now i am waiting for a new opportunity.
  • #3,147
  • Apr 18, 2016 10:29am Apr 18, 2016 10:29am
expanding wedge broken...
still waiting on a descent retrace to join the party.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 181 KB
  • #3,148
  • Apr 19, 2016 5:08am Apr 19, 2016 5:08am
Trend line since beginning of dec broken + 4hr candle closed below 200ema.
  • #3,149
  • Apr 21, 2016 4:04am Apr 21, 2016 4:04am
the white line on the weekly could have some effect. It is also at the monthly pivot point.
i will buy a weak bear after strong bull lower tf.
if it does not happen i don't buy.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 167 KB
  • #3,150
  • Apr 21, 2016 4:09am Apr 21, 2016 4:09am
Quoting longshot_nl
the white line on the weekly could have some effect. It is also at the monthly pivot point. i will buy a weak bear after strong bull lower tf. if it does not happen i don't buy. {image}
It is an idea but I would not buy today at all until a strong hourly close above .7882. Also big Euro news in about 3 hours?
Gone to a better place
  • #3,151
  • Apr 21, 2016 4:12am Apr 21, 2016 4:12am
I see the day high as .7893, looks rejected by market so far... Even though figures out of UK were weak.
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  • #3,152
  • Edited 4:28am Apr 21, 2016 4:17am | Edited 4:28am
Quoting smikester
I see the day high as .7893, looks rejected by market so far... Even though figures out of UK were weak.
This pair and cable often like to respect midnight UK price. I use it as a rule. I think it is 01:00 CEST
Gone to a better place
  • #3,153
  • Apr 21, 2016 4:34am Apr 21, 2016 4:34am
You think this pair will move 800+ pips on Brexit decision?
Like snb?
  • #3,154
  • Apr 21, 2016 5:22am Apr 21, 2016 5:22am
Quoting lotopegui
You think this pair will move 800+ pips on Brexit decision? Like snb?




I have no idea! Good question though. Probably a good idea to stand by with a 5 minute chart.
Gone to a better place
  • #3,155
  • Apr 21, 2016 11:56am Apr 21, 2016 11:56am
What a shit pair this is.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP5.jpg Size: 132 KB
  • #3,156
  • Apr 21, 2016 12:58pm Apr 21, 2016 12:58pm
Quoting attilafx
What a shit pair this is. {image}
Haha! You obviously read page one...
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  • #3,157
  • Apr 22, 2016 12:32am Apr 22, 2016 12:32am
alright i am getting bullish now.
a strong bull, a weak bear and a possible diamond bottom structure besides my last chart.
i will buy in the blue area.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 157 KB
  • #3,158
  • Apr 22, 2016 1:44am Apr 22, 2016 1:44am
Quoting longshot_nl
alright i am getting bullish now. a strong bull, a weak bear and a possible diamond bottom structure besides my last chart. i will buy in the blue area. {image}
I like the pattern but for a trend reversal I would like to see some more confluence and price action.
Gone to a better place
  • #3,159
  • Apr 22, 2016 1:53am Apr 22, 2016 1:53am
Quoting smikester
{quote} I like the pattern but for a trend reversal I would like to see some more confluence and price action.
yes ok..
the pattern is no longer valid. my sl is below the low.
numbers about to come for eur.
i either get stopped out or get pips.
  • #3,160
  • Apr 22, 2016 2:16am Apr 22, 2016 2:16am
Quoting longshot_nl
{quote} yes ok.. the pattern is no longer valid. my sl is below the low. numbers about to come for eur. i either get stopped out or get pips.
closed for a pip and count my blessings.
waiting for a better opportunity.
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