Thread: Discuss the GBP/USD with a DailyFX Analyst

There are so many different data feeds, perhaps using Netdania's would be more accurate or neutral. Here is where Cable stands with Ichimoku on daily and weekly. For those less familiar with Ichimoku, the blue line is Tenkan-sen, and orange line Kijun-sen, skyblue line is Chikou span. Weekly Kijun has been flat for a few weeks and it holds candles from dropping further. Now on daily it's going against Kumo bottom and on weekly capped by Tenkan-sen. Let's see how it deals with these levels next week. Interestingly, daily Kijun is now flat too.

Hi believe the Pound mixed trend is coming an end look at monthly chart my take on it

Originally Posted by nathanalgren

For those who don't know Ichimoku trading strategies, what do these closest to the Holy Grail indicators tell you, sell or buy?

To buy on this dip because it is up and up from there! Bullish after this short-term dip, for 4 weeks

Originally Posted by apipintime

Hey John,

Good to see you back(even if temporarily). Here is the count that I am currently working with for Cable. I have a long term low occuring around 1.30 sometime in August - Oct, and am curious if you have any SLTD Delta lows occuring around that time. Thanks. Jay

Hi Jay - good to see you around as well

I'm running on the same EW count and time wise it would fit in with the LTD count.

This will be my last post on the forums for a month or so - I do enjoy the interaction from time to time but prefer to trade singularly without any distractions.

I don't have a current SLTD count (only LTD and upwards)

Feel free to e-mail or skype me anytime.

Cheers for now

Originally Posted by Franosh

There are so many different data feeds, perhaps using Netdania's would be more accurate or neutral. Here is where Cable stands with Ichimoku on daily and weekly. For those less familiar with Ichimoku, the blue line is Tenkan-sen, and orange line Kijun-sen, skyblue line is Chikou span. Weekly Kijun has been flat for a few weeks and it holds candles from dropping further. Now on daily it's going against Kumo bottom and on weekly capped by Tenkan-sen. Let's see how it deals with these levels next week. Interestingly, daily Kijun is now flat too.

It's often times amazing to me how different certain price feeds are. For Netdania there is barely a Tenkan-sen and Kijun-sen cross, but for Interbank FX it has been crossed for days, plus price is almost halfway through the Kumo cloud.

These are Interbank FX and FXCM's MarketScope daily ichimoku charts.

Attachment 53666

Originally Posted by nathanalgren

For those who don't know Ichimoku trading strategies, what do these closest to the Holy Grail indicators tell you, sell or buy?

It's a wonderful indicator that is effective in both bull and bear markets.

Read through this website if you ever get a chance

Main Page - IchiWiki - The Definitive Reference to the Ichimoku Kinko Hyo Charting System

Mondays trading .... Are therebpossible short ezntries here

Originally Posted by cw1

Mondays trading .... Are therebpossible short ezntries here

I suspect this pair should be reasonably bullish this week now that Europe has announced the terms of a potential bailout if required.

EU ministers agree Greek bailout terms | Business | The Guardian

I suspect the £ will get dragged along by the euro. Possibly good to add to EURGBP longs though.

lol its a gap traiding xD up ^^ but hade this
http://s40.radikal.ru/i087/1004/0e/c248e1165e4e.gif
and div on my system

Originally Posted by JohnG_FX

Hi Jay - good to see you around as well

I'm running on the same EW count and time wise it would fit in with the LTD count.

This will be my last post on the forums for a month or so - I do enjoy the interaction from time to time but prefer to trade singularly without any distractions.

I don't have a current SLTD count (only LTD and upwards)

Feel free to e-mail or skype me anytime.

Cheers for now

Thanks John, and best to your trading.

Jay

Hi, My name is Carlos Diaz. I'm better known as Omegavus in the forex world. I know this is a GBP/USD thread and as I trade only this pair, I would like to ask permission to post from time to time my daily forecasts.

I just don't want to be intruding if this is not allowed. As other strategies are discussed here.

My congratulations on such a nice thread. It is very difficult to find a specific group of like minded traders on this pair.

Cheers and...

Happy Pip Hunting

Carlos

Originally Posted by Omegavus

Hi, My name is Carlos Diaz. I'm better known as Omegavus in the forex world. I know this is a GBP/USD thread and as I trade only this pair, I would like to ask permission to post from time to time my daily forecasts.

I just don't want to be intruding if this is not allowed. As other strategies are discussed here.

My congratulations on such a nice thread. It is very difficult to find a specific group of like minded traders on this pair.

Cheers and...

Happy Pip Hunting

Carlos

As long as your posts are good quality you are welcome to post --

I have been on the dailyfx forum going on 6 years now.. My focus is mainly on longer term charts as I am a trend trader.. I post long term charts in many of the forums on this site on a regular basis...

Good to have you here Carlos

I Look Forward To Your Charts

Thanks. what does your best indicator says about EURGBP for the short/mid-term?

Originally Posted by Omegavus

Hi, My name is Carlos Diaz. I'm better known as Omegavus in the forex world. I know this is a GBP/USD thread and as I trade only this pair, I would like to ask permission to post from time to time my daily forecasts.

I just don't want to be intruding if this is not allowed. As other strategies are discussed here.

My congratulations on such a nice thread. It is very difficult to find a specific group of like minded traders on this pair.

Cheers and...

Happy Pip Hunting

Carlos

Welcome I hope that other people get benefit from your experience Ok where you the GBP/USD. Do u think that It will go upto 1.58 range uptill tomarrow as I am asuming

Jiggy how u doing doing Man. I hope you remembered My call on USD/JPY check out my lastest post in the relevant forum. Alot of pips to be made. Hurry uppppp

Originally Posted by jiggy123

Welcome I hope that other people get benefit from your experience Ok where you the GBP/USD. Do u think that It will go upto 1.58 range uptill tomarrow as I am asuming

Originally Posted by MoneyInc.

To buy on this dip because it is up and up from there! Bullish after this short-term dip, for 4 weeks

Yes I agreed with your analysis I am also looking this pair in the range of 1.5810 ramge