EUR/GBP - What a great pair to trade!
- #3,405
- Oct 5, 2016 1:32am Oct 5, 2016 1:32am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #3,406
- Edited Oct 7, 2016 3:54am Oct 6, 2016 9:24pm | Edited Oct 7, 2016 3:54am
- Joined Mar 2011 | Status: Trader | 1,533 Posts
- #3,407
- Oct 7, 2016 2:07am Oct 7, 2016 2:07am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #3,408
- Oct 7, 2016 4:29am Oct 7, 2016 4:29am
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...
- #3,410
- Edited 5:29pm Oct 7, 2016 6:51am | Edited 5:29pm
- Joined Mar 2011 | Status: Trader | 1,533 Posts
{quote} As said months ago.... level reached
- I exited my biggest long way way from the high, but luckily I was having 4 small longs, yet not a single one closed even near the highs.
- Totally unexpected very fast move, that leaves only the very educated few who has been here everyday to play ping pong with any market.
- Now, we could see 0.9140
- GL.
- #3,412
- Oct 8, 2016 9:27am Oct 8, 2016 9:27am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #3,414
- Oct 10, 2016 2:55pm Oct 10, 2016 2:55pm
i was analyzing the cross right now and I am a little bit not sure about the direction. For me to move further up needs volume and now we have not volume we need to attract it with lower price.
Now we are right in the middle of the big movement o 7 october. We have fast movement areas up and down.
Right now we have a triangle that doesn't shown the direction.
The direction is given by the tails. Looking the euro - pre us - us - syd - tokyo - euro again sessions we see that the area above is not good infact it has been rejected 6 times( (white circles) and the today us session is belanced.
Friday US session instead has below a good area with a large POC.
These reasons bring me to open a position sell with TP 0.8940 (hoping that the market doens't get med and moves to 1.50 lol )
PS: furthermore the next data is BOE Gov Carney Speaks 13/10 so we have no damn info that should change the cards on the table for more than 48 hours
EDIT: tokyo session of today has not tail sorry, however this doesn't change my view
ciaooo
Now we are right in the middle of the big movement o 7 october. We have fast movement areas up and down.
Right now we have a triangle that doesn't shown the direction.
The direction is given by the tails. Looking the euro - pre us - us - syd - tokyo - euro again sessions we see that the area above is not good infact it has been rejected 6 times( (white circles) and the today us session is belanced.
Friday US session instead has below a good area with a large POC.
These reasons bring me to open a position sell with TP 0.8940 (hoping that the market doens't get med and moves to 1.50 lol )
PS: furthermore the next data is BOE Gov Carney Speaks 13/10 so we have no damn info that should change the cards on the table for more than 48 hours
EDIT: tokyo session of today has not tail sorry, however this doesn't change my view
ciaooo
- #3,418
- Oct 12, 2016 5:35am Oct 12, 2016 5:35am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
