EUR/GBP - What a great pair to trade! | Page 167 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/GBP

Similar Threads

How to create synthetic pair: GBP/SEK using Gbp/usd*usd/sek 4 replies

Price info indicator needed - one pair's price x another pair 5 replies

Great System to an EA, needs 1 entry per pair 1 reply

Multi-pair trading or Few-Pair Trading. [poll] 15 replies

Post your weekly cross-pair charts: EUR/AUD Looking great now 0 replies

Attachments: EUR/GBP - What a great pair to trade!
Exit Attachments

EUR/GBP - What a great pair to trade!

  • #3,321
  • Aug 26, 2016 2:26am Aug 26, 2016 2:26am
The trend is UP but there is a possibiity to test again the 0.8490 in order to form a double minimum and confirm the end of wave 2
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 1.jpg Size: 452 KB
  • #3,322
  • Aug 27, 2016 10:19am Aug 27, 2016 10:19am
maybe 0.8622, that is 61,8% of retracement
or maybe will retest the LLOW
I AM NOT SO SURE THETREND IS UP
  • #3,323
  • Aug 29, 2016 2:21am Aug 29, 2016 2:21am
Quoting Devart
The trend is UP but there is a possibiity to test again the 0.8490 in order to form a double minimum and confirm the end of wave 2 {image}
EDIT: I have closed the trade 3 hours ago because the direction is not clear.

Now we could be in a trinagle or in a flag (maybe bearish).
I will wait the next hours in order to have (I hope) a clear view.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled 5.jpg Size: 378 KB
Click to Enlarge Name: Untitled 6.jpg Size: 378 KB
  • #3,324
  • Aug 30, 2016 7:03am Aug 30, 2016 7:03am
Quoting Devart
{quote} EDIT: I have closed the trade 3 hours ago because the direction is not clear. Now we could be in a trinagle or in a flag (maybe bearish). I will wait the next hours in order to have (I hope) a clear view. Regards {image} {image}
EDIT 2: WTF
  • #3,325
  • Aug 31, 2016 1:25am Aug 31, 2016 1:25am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160831h4.JPG Size: 84 KB
Gone to a better place
  • #3,326
  • Aug 31, 2016 1:32am Aug 31, 2016 1:32am
The risks are at .8446 and .8400 - both important weekly levels. But a trade off of .8500 or thereabouts with a 20 pips stop loss would be a good R : R candidate.
Gone to a better place
  • #3,327
  • Aug 31, 2016 1:34am Aug 31, 2016 1:34am
.8465 is a stopping point and good place to enter on pull backs...
Gone to a better place
  • #3,328
  • Aug 31, 2016 1:45am Aug 31, 2016 1:45am
And .8290 would be a good target:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160831h4a.JPG Size: 112 KB
Gone to a better place
  • #3,329
  • Aug 31, 2016 7:48am Aug 31, 2016 7:48am
Hi smikester, Wondering if you have found a way to keep the Donchian Indy from sending signal, after signal to the experts folder. I can't get it to stop. I must be missing something... Pippo
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 39 KB
Vincit qui se vincit.
  • #3,330
  • Aug 31, 2016 9:51am Aug 31, 2016 9:51am
Quoting Pippopotamus
Hi smikester, Wondering if you have found a way to keep the Donchian Indy from sending signal, after signal to the experts folder. I can't get it to stop. I must be missing something... Pippo {image}
Hi Pippopotamus. I'm not sure which Donchian Channel indicator you are using and in any case I am definitely not the person to ask for MT4 support. Sorry I can not help. I tend to use DC's for levels rather than trades.
Gone to a better place
  • #3,331
  • Aug 31, 2016 9:52am Aug 31, 2016 9:52am
You can see what happened here:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160831hm15 onetoone.JPG Size: 93 KB


Market the short at .8500 and ducked out at about 1 : 1. Time to be careful now.
Gone to a better place
  • #3,332
  • Aug 31, 2016 10:17am Aug 31, 2016 10:17am
Quoting smikester
{quote} Hi Pippopotamus. I'm not sure which Donchian Channel indicator you are using and in any case I am definitely not the person to ask for MT4 support. Sorry I can not help. I tend to use DC's for levels rather than trades.
Thanks for your reply. Green pips to you!
Vincit qui se vincit.
  • #3,333
  • Sep 1, 2016 4:29am Sep 1, 2016 4:29am
- 0.8402 may ended the selling for now or it is the bottom.

- 0.8435 will stall bulls for a while.

- Lets us see.
  • #3,334
  • Sep 1, 2016 5:22am Sep 1, 2016 5:22am
Quoting Ziko9o8
- 0.8402 may ended the selling for now or it is the bottom. - 0.8435 will stall bulls for a while. - Lets us see.

if it will be rejected again @0.840x I will close all my shorts on this pair, although my primary target is/was 0.8350
  • #3,335
  • Sep 1, 2016 10:56am Sep 1, 2016 10:56am
Quoting joinup
{quote} if it will be rejected again @0.840x I will close all my shorts on this pair, although my primary target is/was 0.8350
- Great strategy, GL.

- For me, if more to the downside, we could see 0.8175
  • #3,336
  • Edited 11:08am Sep 1, 2016 11:07am | Edited 11:08am
Quoting Ziko9o8
{quote} - Great strategy, GL. - For me, if more to the downside, we could see 0.8175
closed all at 0,8394, waitiing for another sell opportunity.
  • #3,337
  • Sep 2, 2016 12:38am Sep 2, 2016 12:38am
I bid that we are at the end of wave 2 (0.87xx-->0.838x) and its is starting the wave 3. (My tp is not the top of wave 3!!!!).
I have not pox to post trend lines, sup, res, etc but 0.838 is a good support (78% or 87% Fibonacci of wave 1).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-09-02-09-32-22.png Size: 155 KB
  • #3,338
  • Sep 2, 2016 1:27am Sep 2, 2016 1:27am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp160902m5.JPG Size: 56 KB


Tight range prior to UK news. I like these.
Gone to a better place
  • #3,339
  • Sep 3, 2016 1:19am Sep 3, 2016 1:19am
Hello,
I am bull for EurGbp.
The long term TP that I have inserted must be reduced of 200 pips I suppose. Next week I will see.
However some time ago I suppose that now we are in a wave 2 of a new elliot's movement.
Maybe it is correct maybe not, however looking at the strengh of the market (strong bull on very long term) and looking at the little correction ABC (between early days of july to early days of august), I suppose that the new elliot movement is not started yet and we still are in the correction ABC (red circle).
This correction could be RUNNING CORRECTION. In this king of correction the B is higher of 5 and C is higher of A.
I have inserted a SL below A but I will check in the next week because the correlation with GBPUSD on time frame > 1 days is beyond 90% and GBPUSD is near a very very very long term resistence that if overcame could bring GbpUSd UP and EurGbp DOWN. ---> this correlation can be keep or delated in 8 september (minimum bid rate Eur) and 15 sept (GBP).
So we could be in a sideway market for septemeber until the FOMC (USD, 22 sept)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fig13839.gif Size: 8 KB
Click to Enlarge Name: Untitled 1.jpg Size: 415 KB
Click to Enlarge Name: Untitled 2.jpg Size: 349 KB
Click to Enlarge Name: Untitled 3.jpg Size: 388 KB
Click to Enlarge Name: Untitled 4.jpg Size: 351 KB
  • #3,340
  • Sep 8, 2016 10:23am Sep 8, 2016 10:23am
Quoting Devart
Hello, I am bull for EurGbp. The long term TP that I have inserted must be reduced of 200 pips I suppose. Next week I will see. However some time ago I suppose that now we are in a wave 2 of a new elliot's movement. Maybe it is correct maybe not, however looking at the strengh of the market (strong bull on very long term) and looking at the little correction ABC (between early days of july to early days of august), I suppose that the new elliot movement is not started yet and we still are in the correction ABC (red circle). This correction could...
Many thanks indeed for your analysis. Since the referendum (when the Euro came off much better than the Pound) it has become obvious that this move has stuck and will probably continue.

If we give the rate an arbitrary range of .6000 in 2000 to .9600 in 2008 that means since the vote the Pound has lost 30% in this range against the Euro in less than 3 months.
Gone to a better place
5 traders viewing now