Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by AyoBro

Renko
I have went long based on the gap and hrly stochs are turning away from o/s levels, or was. I don't like going long while the daily stochs are turning away from o/b, so I about to bailout of this trade. Seems like gravity is pulling it downward.

A-Yo Bro

ye a little divirgence on north

Originally Posted by 4xtr8ter

There really is no gap.. ... but the "gap" area should get filled

Thats funny 4x. UH, that was a joke right?

LOL
..................................................................................................
cable can hit gap and go down again, i wait it for best pos for shorts
http://s51.radikal.ru/i131/1004/87/470e85472a6d.gif

Originally Posted by 4xis2ez

Thats funny 4x. UH, that was a joke right?

For awhile I thought you are BIPOLAR, because some of your posts would not make sense when your next post is the opposite, now I see there are two of you lol.

Near term uptrend line broken...now rallying back towards the back side of the trend line.

Hello Sean hope you are well

I have been trading very successfully using the Pivots and RSI to make the trades...of course stop losses when S3 or R3 is breached!...always stacked in my favour!

What are your views?

Bongoman

Originally Posted by Bongoman

Hello Sean hope you are well

I have been trading very successfully using the Pivots and RSI to make the trades...of course stop losses when S3 or R3 is breached!...always stacked in my favour!

What are your views?

Bongoman

I don't personally follow them all that much. But if it's working for you...don't fix what isn't broken. Keep it up if its getting results for you. That's my two cents.

Good to see you. Hadn't seen you in a bit.

Originally Posted by 4xis2ez

Thats funny 4x. UH, that was a joke right?

Hi 4x
glad to see you back, after the meduim term upward run cable is now looking for the bears,
i am looking forward to your delta charts. Are you in any poitions right now as i was scalping most part of the day.

Originally Posted by Sean Hyman

Near term uptrend line broken...now rallying back towards the back side of the trend line.

Hi sean

i agree, with all the talk of gaps today, cable rallied in the last few hours only, and there is a chance for further upswing toward the trend line, and INMHO a better position to place a short. Whats your view ?

Originally Posted by SA trader

Hi sean

i agree, with all the talk of gaps today, cable rallied in the last few hours only, and there is a chance for further upswing toward the trend line, and INMHO a better position to place a short. Whats your view ?

Right now, I say the near term trend is downward since we broke the green uptrend line.

haha cable funny
bullish pattern http://s50.radikal.ru/i128/1004/ef/e6097139d8a1.gif
im still bearish..

Originally Posted by renkoMan

haha cable funny
bullish pattern http://s50.radikal.ru/i128/1004/ef/e6097139d8a1.gif
im still bearish..

I too am bearish, its playing in an area which makes it a more secure position to place a short.

Originally Posted by Clifton Davis

Hello traders

There seems to be alot needless confusion about where this pair is going. I must be sounding like a scratched record now - repeating myself - but again I say THE DOWN TREND IS DEAD STOP LOOKING FOR SELLING OPPORTUNITIES AND BUY DIPS. I made a post a few days ago about taking lessons from birds. Obviously most traders are not displaying the wisdom of birds - They fly away when storm clouds are gathering. We are currently in a hurricane blowing north re the GBP/USD pair yet many person suffering from the prolonged falling of the pair are hell bent on going south. If you like to go short then trade the USD/CAD & the CHF/USD and leave the GBP/USD alone. Now for those who don't know what is a gartley. A gartley is an uptrend within a down trend or the reverse. In other words it is an ABCD swing within a larger AB boundary. The perfect example of a gartley in motion is on the monthly chart. The bull run is further bolstered by the fact that the retracement from the rally starting at 1.3500 to 1.7042 is at .618 which is nature favorite turning point. Hence the long term destination is 1.8324 which is the point where AB = CD. Finally the USD/CAD usually runs opposite to the GBP/USD pair. The former is in a clear down trend. What then should be the trend of the latter ???? Stop given your money to the big boys they already have enough. Happy trading and have a look at my chart

Well still waiting for 1.5140s area, which may come tomorrow. However, with talk of flights resuming tomorrow morning, we could see a bullish resurgence.

Smalleyes, did you manage to close your earlier loss-making positions this morning?

Still grounded, no flights to Norway yet!

Originally Posted by SA trader

I too am bearish, its playing in an area which makes it a more secure position to place a short.

ye^^

yO Meonia )

im better wait next day huh

Originally Posted by SA trader

Hi 4x
glad to see you back, after the meduim term upward run cable is now looking for the bears,
i am looking forward to your delta charts. Are you in any poitions right now as i was scalping most part of the day.

I have changed my tack in trading. Rather than follow one pair such as gbpusd, I am following 12 pairs and looking for setups on the daily chart and then doing my 32 lunar month solution one lunar month at a time on the pairs that look interesting. I shorted gbpusd last Friday and exited this morning for +180 pips. I thought about holding the trade longer as my 32 LM solution has the next low for gbpusd at April 21. But I could not let the 180 pips get away so I closed the position. I am currently watching audnzd for a possible long trade later this week.