Thread: Discuss the GBP/USD with a DailyFX Analyst

Thats mad, I'm out

I've caught it all and still in play.....Limit set at 15330. Tempted to close.. ...

Originally Posted by Cesil9227

I agree... Anyone going for the knife?! Got to be some kind of bounce here, & a little buying interest too I'd have thought. I'm standing aside now. I know its month end fix... but really?!

EG demand areas has alot to do with how cable has been behaving so bearish lately

Originally Posted by Snaps

I've caught it all and still in play.....Limit set at 15330. Tempted to close.. ...

Hello Snaps Welcome to the forum! I am short EUR/USD and EUR/JPY I am in the same situation

Originally Posted by Cesil9227

I agree... Anyone going for the knife?! Got to be some kind of bounce here, & a little buying interest too I'd have thought. I'm standing aside now. I know its month end fix... but really?!

Remember that it takes some time before we create a solid low

Thank you, i'm thinking if it breaks and stays above 15400 i'll close. I still feel, it has a little further to go on the downside. who knows....

Well it did go down below 1.5600 as I said it would on Friday but I bailed way too early - missed out a big chunk.

Just testing a long term trendline in the 1.5350 area.

On the current 4hr market profile it seems to be trying to find fair value around 1.5390 - let's see if it can base. 10yr treasuries putting in a shooting star on the 1hr but still 20 minutes until the bar closes.

Sounds like Veksler's a buyer at least Messy month-end madness - lots of USD interest | Tradingfloor.com
Must be an antipodean thing. I'll be looking around the 5350 level for a retrace to 5425-50 before we head south again. Not touching it right now though, anything could happen the way its going...

Update of my 32 lunar month Delta solution here.

http://forexforums.dailyfx.com/tradi...ml#post1169882 (GBP/USD Delta Phenomenon trading thread)

Originally Posted by Gregory McLeod

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.25 as nearly 56% of traders are long. Yesterday, the ratio was at 1.58 as 61% of open positions were long. In detail, long positions are 6.6% lower than yesterday and 9.4% weaker since last week. Short positions are 17.7% higher than yesterday and 27.6% stronger since last week. Open interest is 2.8% stronger than yesterday and 3.3% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 2.51 as nearly 71% of traders are long. Yesterday, the ratio was at 3.33 as 77% of open positions were long. In detail, long positions are 10.3% lower than yesterday and 20.5% weaker since last week. Short positions are 19.3% higher than yesterday and 15.5% stronger since last week. Open interest is 3.4% weaker than yesterday and 9.3% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 2.85 as nearly 74% of traders are long. Yesterday, the ratio was at 3.34 as 77% of open positions were long. In detail, long positions are 0.8% lower than yesterday and 8.8% stronger since last week. Short positions are 16.1% higher than yesterday and 7.4% stronger since last week. Open interest is 3.1% stronger than yesterday and 15.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 5.76 as nearly 85% of traders are long. Yesterday, the ratio was at 5.65 as 85% of open positions were long. In detail, long positions are 0.4% higher than yesterday and 10.2% stronger since last week. Short positions are 1.5% lower than yesterday and 8.9% stronger since last week. Open interest is 0.1% stronger than yesterday and 6.0% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at -1.39 as nearly 58% of traders are short. Yesterday, the ratio was at -1.52 as 60% of open positions were short. In detail, long positions are 5.0% higher than yesterday and 10.5% stronger since last week. Short positions are 4.0% lower than yesterday and 5.2% weaker since last week. Open interest is 0.4% weaker than yesterday and 7.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at -1.86 as nearly 65% of traders are short. Yesterday, the ratio was at -2.20 as 69% of open positions were short. In detail, long positions are 9.4% higher than yesterday and 1.3% stronger since last week. Short positions are 7.3% lower than yesterday and 12.9% weaker since last week. Open interest is 2.0% weaker than yesterday and 1.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.23 as nearly 69% of traders are long. Yesterday, the ratio was at 3.59 as 78% of open positions were long. In detail, long positions are 12.5% lower than yesterday and 1.4% weaker since last week. Short positions are 40.7% higher than yesterday and 74.6% stronger since last week. Open interest is 1.0% weaker than yesterday and 12.1% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 2.52 as nearly 72% of traders are long. Yesterday, the ratio was at 2.63 as 72% of open positions were long. In detail, long positions are 3.6% lower than yesterday and 11.6% weaker since last week. Short positions are 0.8% higher than yesterday and 41.7% stronger since last week. Open interest is 2.4% weaker than yesterday and 1.5% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

Good to see you back. Miss your posts. Thanks.

Good Luck.

London session review and outlook May 31 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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Long term
Short entry: ~ 1,52 Limit: ~ 1,44 Stop: ~ 1,54

Small long on cable at 1.5352 stop @ 1.5180 looking to add lower or in the shorter term on break above 1.5400 and raise stops to just below todays low

Looking to get long on GBPJPY once we get below yesterdays low

Originally Posted by stryker

I'm short all over the place on all fronts..
Clue USD breaks under 10218-20 then we to see losses on USD to around to 10175-80, else 10241-43 break would trigger USD short stops for a move back to the highs.. Expecting 10293-96 and then perhaps retrace times.
A lot of data later today so anything goes..
Else 5330 is where I have buying interest on GU .. 2310 or close buying interest on euro.. AUD still prefer selling and selling and SPX to 1265 b4 stepping the foot off AUD shorts and consider longs..
GOLD ...... well....... that's another cup of tea and expecting 1558 touch then a retrace to 1562 and then a drop to 1549 a retrace back up to 1554 and then a fall to 1543......... A break under 1543 and then well........... I dunno what will happen but I be done by then......
now will it go as I wish..... I wish I knew but fun to lay it out...........
and yes..... we surely to find out soon enuf.........

GL...

SPX broken under the bear flag and gold was good till 1558 and well back to the GU and same chart and 5315-20 comes in as an imp number just like 2302 on EUR for the NFP..
10299 expected range top on USD with extension running to 10307-10 ( can be viewed on the eur.usd section)..
As of now expecting correction on USD to come today.. Though prime interest is on euro and the slogan for today is to stay ultra light.....

Yesterday was heavy on the short side on the GU spread out from 5507-21 and still holding few..
5230 though interests me for the long side for now...

GL..

Originally Posted by Howdyy

For this lunar month (#30) from the full moons of May 6 to June 4, the cycle has worked quite well. Potential big move to the #6 low due about June 2.

Howdyy, your nailed it...Congratulations...!!!