EUR/GBP to trade or not to trade

Discussion in 'Forex' started by usdoutlaw, Oct 21, 2009.

AM I CRAZY???

Poll closed Oct 23, 2009.
  1. There is a place for people like you!

    3 vote(s)
    60.0%
  2. Here is the number of my psychatrist.

    1 vote(s)
    20.0%
  3. Nah, just the same as the next guy.

    1 vote(s)
    20.0%
  4. Oh no, you are the epitomy of mental health!

    0 vote(s)
    0.0%

  1. That hurts:(
     
    #131     Oct 30, 2009
  2. It's ok man, you're in the one where we're all billionaires on a yacht in the Med sipping cocktails and surrounded by beautiful women......mind you I think you're mother-in-law turned up but fortunately I woke up before that happened!

    :D
     
    #132     Oct 31, 2009
  3. AHHH the eurgbp is at a nice stabilizing level huh?

    Time for the eur to be stronger than the wretched gbp

    I am looking to buy at the 100 EMA on the Daily which is about 0.8910

    might get there next week but its a good spot to go long with a relatively short 40 pip stop to the downside and I would say maybe upwards to 0.9400 upside based on the RSI momentum expectation hitting 75/80 again

    what a bunch of gibberish
     
    #133     Nov 4, 2009
  4. Anyone profiting from these awesome 40 pip moves in eurgbp? or am I the only one ...

    the news is gonna get ya

    Is this pair doomed for the cellar or ripe for the reversal I expect? Only today's UK revised GDP will tell!

    The only thing that is certain that it has been good to be long cable the past 24 hours ... :D
     
    #134     Nov 25, 2009
  5. ehhh this eurgbp looked done and then the snap back

    I am sticking a fork in this turkey

    short @ 9010
    target @ 8980
    stop @ 9025

    yeah yeah terrible risk reward but I do not want to deal with another bounce off the 200 EMA on the hourly ... that is something that I do not want to sit through

    cheers

    :D
     
    #135     Nov 25, 2009
  6. You have heard about the revised UK GDP figures, right?
     
    #136     Nov 25, 2009
  7. yup they are inline with expectations

    and it doesnt seem to be helping the eurgbp to the upside right now

    although I might just want to take my 15 pips and run now
     
    #137     Nov 25, 2009
  8. ok so I didnt take my 15 pips and back where I started at 9010

    oh well ... someday I will figure this thing out
     
    #138     Nov 25, 2009
  9. ehh got stopped

    I should have taken my 15 pips and ran

    oh well ...

    I think fxdd likes the short @ 9035 with a target of 8900

    I am not sure why. The candles and price action look like all signs point to the erugbp ripping up. The only thing I can really see is that the momentum indicators on the 5 min charts say that eurgbp is over bought. But subsequent charts say that the eurgbp has another couple of legs before it enters the over bought territory.

    Maybe I should stop listening to what fxdd thinks

    *sigh*
     
    #139     Nov 25, 2009