Thread: Discuss the GBP/USD with a DailyFX Analyst

best thing happend today, i closed 130 pip short before news. load one more from almost 1.5620 with 15 pip stop loss.

DTP - Dynamic Time Projection is giving 3 high probability time targets for the end of this C wave as sometime between 0400 and 1700 GMT tomorrow - that ties in nicely for an ITD 9 top.

Various price targets on the upside but we need to get subwaves waves 1 & 2 in first to give a more accurate target zone.

Needless to say I'll be looking to get add ons after an ABC w2 pullback.

That's me done posting for today - I'll be back on tomorrow.

Sometimes I feel like I take up too much space with all my posts on this forum - apologies.

Originally Posted by jolopino

best thing happend today, i closed 130 pip short before news. load one more from almost 1.5620 with 15 pip stop loss.

Quick trade. But later open one more tiny position almost from 40. stop also tight, aiming some correction. But seems as Johns plan was more appropriate.

To all great contributors of this forum,

The great thing about this forum is that whoever contribute will post a chart or a plan. Unlike other forums where people boost about their 'earnings' in a demo account or calling each other names.

I don't mind reading the fantastic plans like John's which let us learn so keep on posting (if you guys don't mind).

Thanks a billion!

Regards

Originally Posted by JohnG_FX

DTP - Dynamic Time Projection is giving 3 high probability time targets for the end of this C wave as sometime between 0400 and 1700 GMT tomorrow - that ties in nicely for an ITD 9 top.

Various price targets on the upside but we need to get subwaves waves 1 & 2 in first to give a more accurate target zone.

Needless to say I'll be looking to get add ons after an ABC w2 pullback.

That's me done posting for today - I'll be back on tomorrow.

Sometimes I feel like I take up too much space with all my posts on this forum - apologies.

John,

I have never seen so much integrity in one person before in my life and I am here some time, beleive me

So keep doing what you are doing, don't worry about the volume, we read them all with pleasure

Originally Posted by Easy Trader

John,

I have never seen so much integrity in one person before in my life and I am here some time, beleive me

So keep doing what you are doing, don't worry about the volume, we read them all with pleasure

Just put my sign below this words. Full respect to you.

Originally Posted by JohnG_FX

DTP - Dynamic Time Projection is giving 3 high probability time targets for the end of this C wave as sometime between 0400 and 1700 GMT tomorrow - that ties in nicely for an ITD 9 top.

Various price targets on the upside but we need to get subwaves waves 1 & 2 in first to give a more accurate target zone.

Needless to say I'll be looking to get add ons after an ABC w2 pullback.

That's me done posting for today - I'll be back on tomorrow.

Sometimes I feel like I take up too much space with all my posts on this forum - apologies.

Hi John,

I'm sure most would agree that your posts are invaluable. Thanks for sharing all of your insights.

Waiting for next direction signal:

Might become a good Short below 1.55 with Target to 1.5428 and 1.5137 in extension

Reluctantly will take a Long if it breaks the cloud and closes above 1.5668

Also, Chikou Span (light gray line) needs to confirm the direction ...

Originally Posted by JohnG_FX

DTP - Dynamic Time Projection is giving 3 high probability time targets for the end of this C wave as sometime between 0400 and 1700 GMT tomorrow - that ties in nicely for an ITD 9 top.

Various price targets on the upside but we need to get subwaves waves 1 & 2 in first to give a more accurate target zone.

Needless to say I'll be looking to get add ons after an ABC w2 pullback.

That's me done posting for today - I'll be back on tomorrow.

Sometimes I feel like I take up too much space with all my posts on this forum - apologies.

hi dear.
u nvr take up too much space..we love yr posts.

million tks..panda eyes

Active Trader Room Results-Positive UK news took broke the GBP/JPY out of its triangle up to the 134.00 area. I got short at 133.91 and again short at 133.88. I was limited out on both positions in 21 minutes for a total of 20 pips. GBP/JPY is curretnly trading at 133.32.

SEE THE ACTIVE TRADER PLATFORM/MARKET DEPTH IN ACTION AS GREG MCLEOD SCALPS THE FOREX M-F 6AM ET

CLICK HERE

Originally Posted by apipintime

Hi John,

I'm sure most would agree that your posts are invaluable. Thanks for sharing all of your insights.

I second that, the Home-run hitter is a wonder to experience. I can still remember John saying he was going to take an extended break. It almost broke my heart. Maybe I'm over sensitive because EW and delta is known for making beautiful music together but darn it, it's a necessity. Any case thx John.

Back to business, looks like 200MA has contain price.

A-Yoooooooooo

Originally Posted by Gregory McLeod

Looks like a bear flag is forming at the lower part of your chart. I believe we may get more of a correction before the next up move

GBP/USD recovered nicely after dropping 110 pips overnight.

Early Uk Morning everyone

Many thanks for all the kind words - it's good to know that my posts do actually help out and I'm not just cluttering up the forum.

ITD 9 high is due tomorrow (Friday) - the minimum price requirement for that is 1 pip above Wednesdays high of 1.5687

W2 : not sure how it's going to work out yet, we are in a C wave and should just be starting the 3rd of that anytime now - possible nice wolfe wave setup on the hourly (see below)

I covered 1/3 near the highs, scalped some shorts and have just reloaded some longs now @ 1.5586 stops at 1.5507.

Let's see what today brings - or tomorrow for those in the US.

Assuming we've completed wave 2 of C then targets for wave 3 as below

Edit : stops raised up to 1.5558 - just below what I'm assuming is the end of W2 - if it breaks below I'll just go in long again but from lower down

It's amazing what you find out just by clicking on buttons

I run 2 accounts - my main one with Saxo (I use a lot of FX options) and a small one with FXCM that I try stuff out on.

Just discovered that if I bring up a marketscope chart it will show all my open and closed positions for the last day !! I never new that.

Just for interest here are my trades on FXCM since this morning - and you can see where I've been loading up again on this W2 pullback