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EUR/GBP - VOICE and the SOUND of the MARKET

EUR/GBP - V.O.I.C.E. and the S.O.U.N.D. of the M.A.R.K.E.T.

This video and post is my take on the Forex markets if Price action were able to physically speak out loud.

There are multiple time frames and multiple views and instances to take a trade in the Forex markets as well as identifying various support and resistance levels. So with that in mind I have highlighted multiple support, resistance and chart patterns to find the move which is relative to time frame. As any good trader knows analyse which direction the market is going then frame up a trade before taking it.

Watching the video you will be able to see my charts and some of the trade entries I took and how the market moved afterwards.

Hope you find this analysis and interpretation useful, educational or at least entertaining.

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Best Regards,

Sir Gissa

Sir Gissachance (PPND)
Forex Trader and Senior Technical Analyst
Currencies USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD, CHF, All.
Previous contributor and lead Trader: Secret Forex Society (SFS), IRC Forex, FXStreet, Forexmosgate, Forexmospherians.com
Market Alerts - Forex Trading and the Wisdom of the Crowd, Forexmospherian Currency Kraken.
Youtube Trading Videos.
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Comments

  • Great piece of work there Sir G.

  • Thank You for sharing!

    That was spectacular indeed. Great work, congrats Sir. Gissa!

  • Hi Romano, Split and Locatellicharts,

    Thanks for your kind words.

    Best Regards,

    Sir Gissa

  • excellent

  • Impressive. Nothing to add.

  • Colossal, Outstanding and spine chillingly educational. An extremely poignant video which is not only poetic but added multiple dimensions, encompassing the precision of living and breathing maps. Never has a truer story been recited in trading. I would score this blog at 130/130.

    Holmes.

  • Amazing video, Sir G, as all your other posts. Love the writing/scripting and the thoughts within.     

    warm regards,

  • Dear Johnifx, Rforexdad, Pixta, Holmes and TCwsw,

    Once again, thank you for your kind words and praise and I feel humbled that you found the time to write and comment here. Suffice to say, in the good ol' days, um pre 1300's, a trader would ride a fast horse through villages or other forex forums trying to promote the W.O.R.L.D. was not flat. Up until quite recently, this did make Forexmospherians slightly unpopular with angry villagers and forum owners chasing us as Forex traders out of the county or Forum. For me at least, many a time did the local Sheriff's nail "Sir Gissachance wanted dead or alive" posters to trees or at cross road signs. I did feel somewhat under valued at only 5,000 Groats reward but of course, since then currency exchange rates have changed and arguably improved a little but a trader still has to show due diligence and search for a "good broker", if there is such a term. 3.gif

    Best Regards,

    Sir Gissa

  • Forex currency pair EURGBP at a double top, meaning resistance and potential market reversal. These chart patterns tand set ups allowed me to take 2 short trades at breakout of support and in favour of the bear market.

    Best Regards,

    Sir Gissa

    20140702_1240_EURGBP.jpg?width=721

  • EUR/GBP 15 minute time frame, this pair broke dynamic support and then retested that support. Entry short after the retest as dynamic support became dynamic resistance.

    The Daily below the M15 has a longer term view on how I will trade this pair as I add to my short position.

    Best Regards,

    Sir Gissa

    20140715_1853_EURGBP.jpg?width=721

    20140715_1852_EURGBP.jpg?width=721

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