Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by fazi

Patryk

can get some view fm u, 4x, alex?
nw yr 17th passed, ichi strong.
we all most sell yesterday new york shd hv all stopped
except sean his bear mkt rally view...

some comments will be gd...tks.love pe

Guys, I'll be out Wednesday through Friday speaking at a financial conference in San Diego. I'll be back on Monday.

In the mean time, some of our course instructors at FXCM will be chiming in from time to time. So they'll be monitoring things and offering some neat insights as well while I'm gone.

Looking forward to talking to you guys when I get back. I always miss it when I'm gone!

Originally Posted by cw1

I'm shorting at 15250, you guys on the same?

Waiting for the final push this evening in Asian and then I'm in short.

Originally Posted by 4xis2ez

I'm game. Short 15244, target 15167. Stop 15270.

I'm agree, I see a bearish rally, it's looks like a correction wave with many overlaps. Smart money look for Short than Long

Originally Posted by Stev

I'm agree, I see a bearish rally, it's looks like a correction wave with many overlaps. Smart money look for Short than Long

Hi Stev,

How did you get the spread and the indicator above it on your chart?

Originally Posted by Panda Eyes

can get some view fm u, 4x, alex?
nw yr 17th passed, ichi strong.
we all most sell yesterday new york shd hv all stopped
except sean his bear mkt rally view...

some comments will be gd...tks.love pe

Hey panda, I'm in favor of a pullback to the daily pivot point, 38.2 fib retracement level, and the top of the trend-line (according to my charts).

Attachment 51847

The Chikou span broke through the trend a couple hours ago and I hardly think that the place where we have stopped at is a top. So, I'm thinking that price should either head higher from where it is at now (because of the Tenkan-sen line), or come down and test that support zone on my chart and then bounce up. As you can see that 60 pip zone holds alot of support (such as the kumo's top, weekly pivot point, daily pivot point, the medium term trend line from 1/20/2010 and various fib levels) and should hold for now.

If it breaks below the 1.5070 area then watch out, however I don't think that will happen anytime soon.

As for my positioning, I have a small short trade open at 1.52480 with a take profit level at 1.5160 and a stop loss around break even. At this point I'm totally fine with not getting anything off this short trade if it bounces off of the Tenkan-sen line and starts heading up. My primary objective is just to figure out when the uptrend will continue, and then buy into it at the appropriate time in anticipation of a 70-100 pip move up to the 1.531-1.54 zone.

This is a short term view because I'm not sure exactly what to expect when we do get up into the 1.531-1.54 zone. My bias is up, but alot of people are suggesting going short. So, we'll cross that bridge when we get to it.

good morning lvls for shorts 1.536 ~ and if we break it 1.5555 pic later xD

Originally Posted by cerevante

Hi Stev,

How did you get the spread and the indicator above it on your chart?

I just compacted it as I like
many beautiful indicator in google search

In Weekly TF, cable looks very bullish, three hammer in row !
beware for bearish army must think twice... don't catch the falling knife

http://s59.radikal.ru/i163/1003/33/64c176088f62.gif

waiting boe, but we can do correction....1.55 ~ lvls

YIKES STRIKES....that got my attention.

does anyone know for the reason behind this spike?

Originally Posted by renkoMan

http://s59.radikal.ru/i163/1003/33/64c176088f62.gif

waiting boe, but we can do correction....1.55 ~ lvls

renkoman, cannot see the picture in the URL.

Originally Posted by cerevante

does anyone know for the reason behind this spike?

the reason....

Originally Posted by sandpipper

the reason....

looking for short entry now...hmmm

Originally Posted by cerevante

looking for short entry now...hmmm

I would be careful with that.