Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by stryker

I was at the office and I have a different internet serv provider there and today was having difficulty on logging into the forum..
I'm home and lazy but I played GU out to the max.. .5788 was the number I was looking for and 5976 shorts closed out to the last pip..
have gone long off it and waiting 126.52-57 on Geppy to hit longs..
I'm thinking if we can close above 5850 on GU then possibly tomorrow we can have a low of 5815-22 print as a low for a move higher..
I asked chaudhry's Avatar chaudhry to be kind and post my charts over the forum.. The Gu played to the max... We even got the retrace point to the last drop..
[4:21:37 PM] tahirkhan989: heck im short all over
[4:21:39 PM] tahirkhan989: esp GU
[4:21:59 PM] tahirkhan989: 5823 we be bouncing to 5858-61 and then sell back to 5788

With the pricing of the Facebook IPO today and the IPO on Friday, do any of you think the markets will get a bounce higher?

Stocks still taking a beating as long as SPX under 1350 risk is towards 1280 play...

GL...

With the traditional "Sell in May an Go Away" sentiment, Greek/Euro worries, Chinese economic slow down and weaker US recovery, a Facebook IPO could go down in flames. It would be interesting if we see a postponement of this much awaited event given these formidable head winds

H&S top anybody?

1.6 could be too optimistic, but:

1. It would be nice to see a broken TL retested.
2. 50% retracement looks good too,
3. it would have to be quick - good symetry IMHO - ITD2 top is due on monday

Patryk

Originally Posted by stryker

looks like a bearish pennant and they normally indicate the continuation of a move and in this case lower......... I would love that ohhhh soooo much...............................
Lets break lower shall we.........

GL...

Hey Stryker! You were so right on that call! "London Bridge is Falling Down...My Fair Lady!"

With Facebook valued at $100 per user, this smells like the year 2000 all over again.

Originally Posted by Howdyy

With Facebook valued at $100 per user, this smells like the year 2000 all over again.

is there a "dislike" button?

edit: This IPO will be long remembered - buy and hold (in may)

Originally Posted by fazi

is there a "dislike" button?

edit: This IPO will be long remembered - buy and hold (in may)

Buy in May and go away -- 2012 style.....

Originally Posted by Franosh

Buy in May and go away -- 2012 style.....

hmm- what could possibly go wrong?

on the bright side - perhaps this will teach people to pay more attention to the real life 1.0 (TM) --on second thought - am I overly optimistic? - look! new ithing!!

Originally Posted by fazi

hmm- what could possibly go wrong?

on the bright side - perhaps this will teach people to pay more attention to the real life 1.0 (TM) --on second thought - am I overly optimistic? - look! new ithing!!

Rumor has it that Net Dania will add Facebook to the indices list on their chart. LOL

Lets guess what facebook will close at on Friday. $45.00 LOL

LONG 1.5760 for 5900
stops are for wimps, pussies and faggots

1.5710.?????........

Originally Posted by tomaz

LONG 1.5760 for 5900

Lol I just placed a long position at exactly price like you, but I'm not afraid of being a ----- so sl at 1,5700

Originally Posted by fazi

H&S top anybody?

1.6 could be too optimistic, but:

1. It would be nice to see a broken TL retested.
2. 50% retracement looks good too,
3. it would have to be quick - good symetry IMHO - ITD2 top is due on monday

Patryk

H&S top is a toast.

perhaps we`ll see 1.564 (.6182)today - then monday pullback towards 1.58 aand its gone.

Patryk

While AUD seems to be hitting the tgt of yesterday today GU is to its minor at 5730-32 and can expect a small bounce ...

GU is showing a potential move to 5530-40 playout in coming sessions..

GL..

Originally Posted by stryker

While AUD seems to be hitting the tgt of yesterday today GU is to its minor at 5730-32 and can expect a small bounce ...

GU is showing a potential move to 5530-40 playout in coming sessions..

GL..

Hi Stryker

Agreed - also looking for a small bounce today on cable and then down again. I'm expecting a low on Monday/Tuesday and then a bounce that should last about a week.

GBPAUD has been the saving grace for me this week. just closed scalp longs from yesterday and gone short again @ 1.6051 with stop at 1.6180 could get a bit higher and will add.