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EUR/GBP - What a great pair to trade!

  • #3,161
  • Apr 22, 2016 4:28am Apr 22, 2016 4:28am
I don't think this is the best pair to trade right now. I'm bearish still, but a better trade is in shorting Gbp/Usd and Eur/Usd in my opinion.
Gone to a better place
  • #3,162
  • Apr 22, 2016 5:29am Apr 22, 2016 5:29am
Quoting smikester
I don't think this is the best pair to trade right now. I'm bearish still, but a better trade is in shorting Gbp/Usd and Eur/Usd in my opinion.
yes, its at 23.6 fib now. i don't expect too much from it.

Attached Image (click to enlarge)
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  • #3,163
  • Apr 22, 2016 5:40am Apr 22, 2016 5:40am
Could be time for long....
Attached Image (click to enlarge)
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  • #3,164
  • Edited 7:19am Apr 22, 2016 6:16am | Edited 7:19am
Quoting Beli
Could be time for long.... {image}
imho it may bounce.
i am not buying, it broke my line white and the monthly pp.
i think it will attack the yellow line on this daily chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 194 KB
  • #3,165
  • Apr 22, 2016 6:55am Apr 22, 2016 6:55am
Alright i found a setup i would trade.
Its a good AB=CD pattern + TL + round number (0.78).
technical target is point B which is 120 pips..

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  • #3,166
  • Apr 22, 2016 10:32am Apr 22, 2016 10:32am
Quoting longshot_nl
Alright i found a setup i would trade. Its a good AB=CD pattern + TL + round number (0.78). technical target is point B which is 120 pips.. {image}
so far so good.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 183 KB
  • #3,167
  • Apr 22, 2016 1:05pm Apr 22, 2016 1:05pm
Quoting longshot_nl
{quote} so far so good. {image}
stopped out, should have known better then to enter such a trade on Friday.
  • #3,168
  • Apr 25, 2016 2:32am Apr 25, 2016 2:32am
Quoting longshot_nl
{quote} imho it may bounce. i am not buying, it broke my line white and the monthly pp. i think it will attack the yellow line on this daily chart. {image}
right.

Attached Image (click to enlarge)
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  • #3,169
  • Apr 25, 2016 4:27am Apr 25, 2016 4:27am
This would be a good bat.
Only:
- According to my cheat sheet D point is greater then the allowed 2.618 CB
- There is no AB=CD pattern at D.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 234 KB
  • #3,170
  • Apr 26, 2016 11:28am Apr 26, 2016 11:28am
Here is a monthly chart with a key level marked:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160426M1.JPG Size: 118 KB


It is .7750 and it was the 2012 low.

This is the weekly chart:

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Click to Enlarge Name: eurgbp160426w1.JPG Size: 103 KB


We can see a september 2014 low and a January 2016 high. Same number.

This is the M15 chart:

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Click to Enlarge Name: eurgbp160426m15.JPG Size: 104 KB


Looks a good area to short from. Pay attention to the monthly candle at the end of April. Could be very bearish. Trade carefully.


.
Gone to a better place
  • #3,171
  • Apr 27, 2016 5:33am Apr 27, 2016 5:33am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160427m15.JPG Size: 131 KB


Retest the low of the day and trend line.


.
Gone to a better place
  • #3,172
  • Apr 27, 2016 10:15am Apr 27, 2016 10:15am
Quoting smikester
Looks a good area to short from. Trade carefully. .
Or long from. LOL.
Gone to a better place
  • #3,173
  • Apr 27, 2016 11:32am Apr 27, 2016 11:32am
hello users

my view on eurgbp trade !
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 24 KB
  • #3,174
  • Apr 28, 2016 5:12am Apr 28, 2016 5:12am
Quoting Pricegeo
hello users my view on eurgbp trade ! {image}
i did not see your message before.
if you draw a trendline draw it trough at least 2 points.
The bottom trendline you made up.
this is what actually happened.

Attached Image (click to enlarge)
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This could be a bottom.. i will buy at confirmation or a better price.
  • #3,175
  • Apr 28, 2016 7:10am Apr 28, 2016 7:10am
i have a pending buy order here with a 20 pip sl.
target: 0.7912

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 127 KB
  • #3,176
  • Apr 28, 2016 8:01am Apr 28, 2016 8:01am
I am waiting to see whether it will break above 0.7800, because if it does, I will open longs.
  • #3,177
  • Apr 28, 2016 4:56pm Apr 28, 2016 4:56pm
Quoting dianajs
I am waiting to see whether it will break above 0.7800, because if it does, I will open longs.

0.78 looks about right
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It takes a lot for me to IGNORE you, but you can try.
  • #3,178
  • Apr 29, 2016 2:31am Apr 29, 2016 2:31am
Both scenarios in a chart.
I go spend the next 3 days back-testing strategies.
Have a good weekend.!

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 191 KB
  • #3,179
  • Apr 29, 2016 3:26am Apr 29, 2016 3:26am
Quoting longshot_nl
i have a pending buy order here with a 20 pip sl. target: 0.7912 {image}
Did it miss or pick it up?
Gone to a better place
  • #3,180
  • Apr 29, 2016 5:01am Apr 29, 2016 5:01am
Quoting smikester
{quote} Did it miss or pick it up?
miss by 3 pips.
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