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Thread: EUR.GBP

  1. #11
    action-reaction arco's Avatar
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    Update Posts #8 and #10

    The little pattern mentioned yesterday gave upto another 80 pips for
    eagle eyed scalpers, or dozing day traders.

    The action has crossed the old support circa 7850, so there may be more mileage yet. (Change of polarity?)

    GTA - arco
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  2. #12
    action-reaction arco's Avatar
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    Good Morning

    Updating post #8


    The green BF has performed extremely well giving a max of +191 pips, but may start to run out of steam now as it approaches the PTZ........and after such a sterling flight.

    GTA - arco
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  3. #13
    action-reaction arco's Avatar
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    I've heard it said that Eur.Gbp leads Euro. I should do some back-checking.

    I just wonder if this is Gartley forming along the Kumo supportive top edge. Chikou is through on the H4 but often it will test the PA before moving on, so we could see the PA move towards and into the grey box zone. That may be the point at which Mr Gartley performs his magical trick. So now what to do - risk a short long, or wait for a long short
    .

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  4. #14
    action-reaction arco's Avatar
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    Here we are then. Performed as expected

    I put a TP on at +60 which just missed by 5 pips. :mad:
    Currently +14, but may have to be satisfied with half a loaf. I'll see what it looks like on Monday open

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  5. #15
    action-reaction arco's Avatar
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    Hard to judge its direction, so I've closed this at +8
    Should have had the TP on at 50 not 60
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  6. #16
    Legend peat's Avatar
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    I'm a bit late on this one but +32 so far.... seems like a very sharp change in direction over the last few hours on this pair and a few other things


    closed for a quick 50
    Last edited by peat; 15-10-2009 at 10:36 PM.
    For clarity, nothing I say is advice....

  7. #17
    action-reaction arco's Avatar
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    Not sure how I missed this one :mad:

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  8. #18
    Legend peat's Avatar
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    Another wedgie for winner69
    I wasn't too worried if this was an actual wedge or not, the convergence of the lines is pretty slow - but I was fairly certain there would be a bounce of the lower trendline.

    Attachment 5310


    I have locked one in already (green dot is take profit being hit) but am holding onto a couple in case something big happens.

    If it is a wedge then the upper trendline will get broken too.
    For clarity, nothing I say is advice....

  9. #19
    Legend peat's Avatar
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    long eur/gbp and short gbp vs usd, jpy, and chf
    For clarity, nothing I say is advice....

  10. #20
    Advanced Member Valuegrowth's Avatar
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    http://www.exchangerates.org.uk/news...-outlook-.html

    British Pound To EuroExchange Rate Predictions & GBP/EUR Forecast: 1.20 Holds, FTSE @ 11m Best


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