Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by AyoBro

I agree with TAfool. Stick around for a while longer John.

A-Yo Bro

he only said he was taking some time off not leaving for good

Harveyd,

I have been watching this forum for a year and a half....Harveyd, I have only seen you recently. John G., from what I understand, has been around for about 6 years or so, certainly longer than I have.......anyway, the man is not 100%, no one is in trading analysis, but a whole lot of folks benefit from what he posts. He posts to help some others out. Have you ever posted a chart? It can be time consuming to make such a post with great detail and explanation. If you don't like what you see, don't read it. I don't use Delta but I can still glean some insights from his posts.
harveyd, in my estimation you have read John G.'s attitude incorrectly. Sometimes electronic correspondence leaves a bit to be desired. Sarcasm and attitude can get read into the message when its not there.
In the past year and a half I have known John G. to be nothing less than a gentleman. Also, keep in mind, one can only covey so much in a forum, it is impossible for a man to impart years of experience and insight and observations in a forum post.

oh the musings of the fx forums....

kp - good to see you (sorry for the lack of communications of late....busy would be an understatement....)

as for cable - TL's have dictated a continued short position on my part, looking for some form of continuation coming into today/tomorrow

ideally looking for a drop below 1.47

good day all

As I said, I posted my appreciation to John and I do also appreciate the effort required in making and posting a chart. You're right: people's different styles of arguing can get easily misconstrued online. My speciality is words and I can get perhaps too pedantic in making sure people mean what they say and are not using words carelessly.

Anyhoo, I apologise to John and hope he will continue to share his experience with others here.

How about up to $1.5030 then turn down. Fits with my EUR/USD up move too. This would be a 5=1 on a C

TAfool

Originally Posted by CodyB

he only said he was taking some time off not leaving for good

Good to see you still around Cody. Good to see you still posting.

Hello Broken_ Arrow

Welcome to the forum. I concur with most of your views re the GBP/USD. Yes there will be pullbacks but I don't see significant rallies re this pair. Long term I believe 1.3500 will be challenged and taken out. However we are likely to get some up side movement when prices fall to the 1.4200 zone. A few things converge in the area of 1.4250-1.41800 on the wkly chart:

1. fib support of 1.27 converge with lower weekly channel support
2. The ABCD swing on the 4, 3 & 2hr charts is projected to complete @
1.4237 if the C" high @ 1.5053 holds. (A = 1.5523, B = 1.4707 C = 1.5053
& D = 1.4237)
3. Mthly candles closed or bounced at the 1.4200 level

I am suggesting that traders short the GBP/USD pair @ 1.5010, stop 1.5410 Trg 1 = 1.4350, T2 = 1.4247 T3 = 1.4017 T4 = 1.3870 T5 = 1.3457. The stop of 1.5410 should be used only if T3-T5 are the objectives, otherwise a stop of 1.5250 should be used for the smaller targets.

Additionally The AUD/USD is also a good Sell. Enter @ .90000 Stop .9100 T1= .8690 T2 = .8587 T3 = open

Happy and successful trading to all

Originally Posted by Broken_Arrow

Dear All,

Thank you for a great forum. I happened to stumbled about only a week ago. I've got a lot of pointers from here but as usual there are differing points of views. The controntation between fundamentals and technicals has been going on for 'ages'. It's nice if we can converge both together.

I just wonder, can we expect GBDUSD to rally into an impulse towards the LONG just because Gordon Brown left office. Can we expect GBDUSD to rally to the long when EURUSD and AUDUSD appear to go further SHORT. The bilions euro package appear to temporarily put a break on EURUSD rapid decline but it did not so far show that it could reverse the EURUSD downward momentum. There was indeed some correction.

I suppose we can take a leaf from the oil bubble burst. The EURUSD may go a little further down which will then cause the stock markets in New York to fidget. There was already some hiccups last thursday. Perhaps then we will see a major swing to LONG as USD weakened overall.

I suppose this could explain why the earlier post targeting 1.35

"Thomson Reuters reporting that a US bank has just put out a note on cable targeting a move to 1.35" by JohnG

Just an opinion

GBP would have to build a base first between 1.4718- 1.5055 before a rise to 1.53 level. Then i would expect a further and painful dip from that point. I dont think the pound would fall further below 1.447 at this this. There are plenty of rooms for big news to consolidate.
Also i would like thanks everyone for the info. No one is 100% correct, so always trade at your own risk and don't blame the others.

Originally Posted by CodyB

he only said he was taking some time off not leaving for good

That's good news. Nothing wrong with a break away from the forums.

Originally Posted by TAfool

How about up to $1.5030 then turn down. Fits with my EUR/USD up move too. This would be a 5=1 on a C

TAfool

True. Looks like some new numbers need to be ran. 4867 was violated, so a series of 1-2s is possible for the impulsive count upward, risk 4788. Price is coiling in a possible wedge. I think Mary presented the pattern in it's early stages.

A-Yo Bro

Originally Posted by renkoMan

early ur morning^^my morning was in 10-44 and im take 100 pips
now im stay long-its corrective wave C

RenkOOOOO

I miss your trendlines.

A-Yo Bro

hi , flag bulish pattern im buy, but need wait news

Originally Posted by AyoBro

RenkOOOOO

I miss your trendlines.

A-Yo Bro

hi^^ The last was possible movements downwards the definitive?
Uk hase new Primier minister its positive news ?

I hope it will not last i am still bearish the pound because it is artificially being kept up. The new PM will not deliver on his promises the 2 parties simply have different agendas and Nick as a deputy PM will get fustrated and the LibDems will react for me this is the making of confusion having said that as my name suggest i do hope the Pound does well lol

Originally Posted by renkoMan

hi^^ The last was possible movements downwards the definitive?
Uk hase new Primier minister its positive news ?

AND ONE OTHER THING I THINK THE GBP HAS BEEN PLAYING CATCH IN TERMS OF OTHER CURRENCYS DROPPING AGAINST THE USD IT LAGS AND DROPS AGGRESSIVELY WHEN IT FEELS LEFT BEHIND LOL

Originally Posted by CodyB

he only said he was taking some time off not leaving for good

Cody

I missed the long trade when both Daily and Weekly PP was pointing at the support level all along. Day by day, I'm learning that PPs are almost as crucial as fibo(s), if not more.

A-Yo Bro