Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by fazi

Hehe - double top against inversed &s - it is going to be fun - I cautiously favour the upside

edit: no.6 top (9.30 GMT) in place - no.7 bottom probably in - no. 8 top - tomorrow 9.30 GMT

Patryk

+ DJ help us tomorrow he have h&s

Originally Posted by porousmedia

All,

I have a esignal feed and at 17.15 on the 30th GBPUSD hit 1.4360, so may have already seen the bounce off the trend line yesterday.

See attached

Originally Posted by porousmedia

All,

I have a esignal feed and at 17.15 on the 30th GBPUSD hit 1.4360, so may have already seen the bounce off the trend line yesterday.

thanks for the heads up porous.. my bias is definitely still to the upside right now.. if we really have a bounce all ready then it will only be a matter of time..

why is it that in your chart you hit 4360? in fxcm i hit 4412 only? hmmmm...

Its definite going upward. No matter what, its going to be going up. I will buy on correction.

My current road maps.

All end in a lower low.

hehe now cable looks shorts.. im try to sell with small sl

hmmmm.. which way, which way.. im still considering a move down i suppose..
a close above 4610 will give a better feel..

Originally Posted by fazi

Hi Artes - I have no experience with such type of trading - I`m affraid I won`t be able to help you here

Patryk

Thanks Patryk, is about long on Cable protected by some short on Eur$

Originally Posted by renkoMan

hehe now cable looks shorts.. im try to sell with small sl

Hi there .. What do you think now ? Will it continue travelling North Or South ?
Giving that Dow & S&P have just closed RED , but Risk aversion has beed relieved a little bit ? Any hints ? Cheers ,, ya

ponzmedulla I tend to agree with your chart there. I still believe we will see 1.48/1.50 then down to a new low, and that a break above 1.51 will indicate the beginning of a mild uptrend.

Hi dwalker,

although there are no certainties, i think theres still room for up..
1.46-1.47 area will tell us if were gonna go that high.. i plan to position shorts in 1.47 area if we get there and hoping we dont go higher too much.. main bias is still down i believe..

do you have a chart of what your seeing?

thanks

-ponz

channel support briken.. now testing previous trendline.. a break lower and test of lower trendline will give us better entry.. and a better picture in my opinion..

I actually posted my amatuerish chart the other day, and I still stand by it. I dont tend to use a lot of chart elements, although as I go through and learn more about some of them I am incorporating them. As I mentioned earlier, have been reading and studying Robert Miner's methods and strategies but am open to learnign anything that will help make me a more accurate trader.

LOL! we are both in the same boat... i will check out previous post to see your chart.. i do this to see what there is to consider, part of my learning curve.. dont hesitate to ask anybody on the forum, they are all willing to share their thoughts.. they have been great help to my trading and learning..

good luck..