Rags2 I used to use CMC and know from old experience that they have a tendency to stop one when price had not been there, particularly in fast moving markets. I had many a dispute with them over this in the past, now some years ago, I hasten to add. ...

EUR/GBP - What a great pair to trade!

Fammira, this is interesting information. I did not know this about EUR GBP but the charts confirmed.

EUR/GBP - What a great pair to trade!

- Its just a probability game ( ah..not a game actually... a gladiator Colosseum)[/quote] Forexsaint. Too true, it is about probabilities and the gladiators performing..It's also an observation of mass psychology on a chart...A tug of war between ...

EUR/GBP - What a great pair to trade!

"Fibs are partial fibs?" — [quote=forexsaint;3981838]Same here. (often i do not use Fibs at all ) I have been very skeptic as far as using fibs on anything lower than say weekly/Daily May be its due to the fact that there too many ...

EUR/GBP - What a great pair to trade!

Smikester, Sorry for late replay. We have been having a lot of power cuts in recent days due to work being carried out on overhead cables. The village electricity is provided by generators at present and its not working very well. I happen to like ...

EUR/GBP - What a great pair to trade!

Hi Smirkester. Having a look at your chart I see a 50% fib level at .8255 coming in, which would just overshoot the upper trendline . My CCI indicator is positive and prices above the 34 EMA on the 4 hourly, 1 hourly, and diverging on the 15 min. So ...

EUR/GBP - What a great pair to trade!

I stayed out of EUR/GBP because of the lack of direction. It appears that the dollar may be on the verge of reversal, and maybe the Fed announcement later today will move us out of no-man’s-land. Could possibly go to .8400 ish which is also very ...

EUR/GBP - What a great pair to trade!

If it can break .8320 on the upside, I see .8354 – possibly .8400 for now. This is also around the 50% fib retracement from the low of .8255 ish. On the downside, it needs a decisive break below .8274 support level. Levels are off the 4 hourly.

EUR/GBP - What a great pair to trade!

Hi Rags2 True, there is a lot of waiting at the moment. If the Dollar index decides to finish its correction we should get some decent movement. For now, it is a waiting game. Here is looking for scalping opportunities in cable while waiting for a ...

EUR/GBP - What a great pair to trade!

Smikester, you may be right. Certainly no more upward momentum at present. It may not make it any higher from here, time will tell as we are approaching the pivot at .8291.

EUR/GBP - What a great pair to trade!

Even on the hourly this now looks to me more like a long with possibly up to 8357 - 67 ish. I chickened out of a short early this morning with a tiny profit as I "smelt" a reversal. When it came it took me by surprise. Am looking for long entries ...

EUR/GBP - What a great pair to trade!

I agree a retest of the low at .8070 is likely, unfortunately it looks to me that it is somewhat messy trading. It certainly won’t go there in a straight line. The pivot at around .8290 is key and only a break below .8254 to confirm further ...

EUR/GBP - What a great pair to trade!

Price approaching an important inflection point on the 4 hour chart. At .8393 – 8400. The possible H @S patterns looks less clean now. It looks to me that we could go higher still on a break above these levels , possibly to .8447 ish , which is 618 ...

EUR/GBP - What a great pair to trade!

A break or another pop...???? — Smirkester, Re your comment: "Nice one. Interestingly, .8400 is a fib retracement level for the bearish weekly bar. I might take a couple of shorts off this level." If you did you timed that well. I stayed out ...

EUR/GBP - What a great pair to trade!

Smikester, could be, there is a large H & S pattern on the 4 hourly forming with the right shoulder in progress. Your proposed short entry would be the break of the neckline as I see it. Merc.

EUR/GBP - What a great pair to trade!

Hi Tradpat, Thanks, I will look into this conversion. For now just posting another hourly. As attachment until I figure out a way to convert. This morning I don’t like it either way here as it is between weekly/daily pivots and needs a break above ...

EUR/GBP - What a great pair to trade!

EUR?GBP the bigger picture... — Good morning Smikester and tradpat Here is what I see in the bigger picture: Possibly more upside into .618 confluence, drawn from the last two highs on the daily chart. A look at the chart pattern in terms of ...

EUR/GBP - What a great pair to trade!

EUR short plunge — Below some info which may give direction over the next few weeks for EUR/GBP: EUR Shorts Plunge, As CHF Goes Net Long For Only Fourth Time In 2010, JPY At Most Bullish The CFTC reports that in the week ended July 13, ...

EUR/GBP - What a great pair to trade!

Direction for this morning..? — This is what I see for direction as of 10.00: On hourly: 1st Support @ .8340 2nd support also swing low: .8316 3rd support: .8292, also swing low Overhead resistance .8393 possibly an inverted H @ S pattern ...

EUR/GBP - What a great pair to trade!

Hello everyone and short from here...? — Hello everyone, I have only just joined and delighted to have found this thread. I only recently started looking at EUUR?GBP as it trends well, and I want something totrade off the 15 min chart., in ...

EUR/GBP - What a great pair to trade!