Thread: Discuss the GBP/USD with a DailyFX Analyst

US 10-Year Treasury Rebound in Price/Falling Yields Could Mean Bond Traders are Expecting the Worse

Long EUR/JPY @

100.50....Active Trade....Mental Stop Loss...Open Target
100.14....Active Trade....Mental Stop Loss...Open Target
99.92.....Active Trade.....Mental Stop Loss...Open Target

Long GBP/USD @

5544............Active Trade.....TP @ 5676....Target Hit....Position Closed & Profits Booked
5544 X 10.....Active Trade.....TP (half) @ 5619 & the rest TP @ 5676X 5 Lots Closed @ 5619....Profits Booked....Rest Of Position....Target Hit @ 5676....Profits Booked

Long EUR/USD @

2619....Active Trade....Mental Stop Loss...Open Target
2593....Active Trade....Mental Stop Loss...Open Target....Closed @ 2655....Profits Booked

Long US30 @
12701[COLOR="lime"]....Closed @ 12760....Profits Booked

Originally Posted by Gregory McLeod

US 10-Year Treasury Rebound in Price/Falling Yields Could Mean Bond Traders are Expecting the Worse

Hi Greg. I found historical charts on Yahoo finance of 30 year bond yield and am showing the 32 lunar month Delta of it. Looks like yields will fall and prices rise as you mentioned in your post. Next low due about June 21.

Attachment 133914



some tech

above lower trend line and i think we have a shot at getting up to the upper TL and maybe even above that one. i will take 5 shots of price hitting support over the 3 shots at resis......
my view, there's more support for price heading higher then resis..... what you think?

anyone have longer term views?

im really curious as to where the GBPUSD will head in the long term more then any other currency.
your views will be most helpful........

PS. i work with GBP so i look at this pair more then any other.......

Originally Posted by Luxuriant

Long GBP- Short EUR/GBP

If GBP can close at 1.59 Next week, then this proven we are not in Wave E. Thus I remain suspicious on GBP and I did not trade it. It will be more beyond your imagination if it is not wave E and cycle wave 5 maybe completed already in 2010. Few pairs that against the major trend are gbpusd and usdchf. I believe that S&P has completed supercycle 4 last year. I need to revise this GBPUSD again - Headache. JPY remains the strongest pair if compared among usd pairs and my long term view is bear. I do not know CHF because last year shows a great needle. CHF is also a headache pair. Gold maybe completed cycle wave 4 already because of ABCDE and looks like very nice round bottom. I still holding long. Anyway do not go against the major trend.

Originally Posted by JoeyLee

If GBP can close at 1.59 Next week, then this proven we are not in Wave E. Thus I remain suspicious on GBP and I did not trade it. It will be more beyond your imagination if it is not wave E and cycle wave 5 maybe completed already in 2010. Few pairs that against the major trend are gbpusd and usdchf. I believe that S&P has completed supercycle 4 last year. I need to revise this GBPUSD again - Headache. JPY remains the strongest pair if compared among usd pairs and my long term view is bear. I do not know CHF because last year shows a great needle. CHF is also a headache pair. Gold maybe completed cycle wave 4 already because of ABCDE and looks like very nice round bottom. I still holding long. Anyway do not go against the major trend.

Hello JoeyLee

If you just settle with counting from zero to nine and then say ABC preferably on various time frames when analyzing any currency pair all your headaches will disappear because you will never be confused what the market is doing. Although your stops might get hit a few times due to spikes from news and other sources of market noise which you should never pay any serious attention to in the first place, you will end up being right more than 90% of the time. By keeping it simple you will never be confused about which way the market will and must eventually go. GU is not bullish medium or long term.

Girls liked to be hugged and kept warm so might as well you accept the bear hug from now. President Obama is more likely to wake up white before GU rally above 1.5900. From here on GBPUSD has its eyes set on attacking the 1.5000 zone. I am suggesting some profit taking in the 1.5200 zone with stops above the invalidation point of 1.5847 which is Ground Zero (GO) on the 8 hour chart. Have a look at my simple counts which have nothing whatsoever to do with Elliot Wave.

Cheers

Originally Posted by JoeyLee

If GBP can close at 1.59 Next week, then this proven we are not in Wave E. Thus I remain suspicious on GBP and I did not trade it. It will be more beyond your imagination if it is not wave E and cycle wave 5 maybe completed already in 2010. Few pairs that against the major trend are gbpusd and usdchf. I believe that S&P has completed supercycle 4 last year. I need to revise this GBPUSD again - Headache. JPY remains the strongest pair if compared among usd pairs and my long term view is bear. I do not know CHF because last year shows a great needle. CHF is also a headache pair. Gold maybe completed cycle wave 4 already because of ABCDE and looks like very nice round bottom. I still holding long. Anyway do not go against the major trend.

USD/CAD falling in C wave from triangle. If count correct. GBP rise short lived. Fool dollar bears. We see what happens.

EDIT: A=C

London session review and outlook June 17 - 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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Attachment 133968


sold retest of pin


manual stop, a solid close above pin, bail

Originally Posted by root-minus

Attachment 133968


sold retest of pin


manual stop, a solid close above pin, bail

add limit filled

Originally Posted by root-minus

add limit filled

Attachment 133976



lower booked, upper limit add secured

Originally Posted by Luxuriant

USD/CAD falling in C wave from triangle. If count correct. GBP rise short lived. Fool dollar bears. We see what happens.

EDIT: A=C

If the current movement is A=C then the best way to enter is short at 1.55341 if it is moving down that it is an strong impulse. Strong impulse never look back 1.55341 again.

Originally Posted by root-minus

Attachment 133976



lower booked, upper limit add secured

Attachment 133981


booked most


awaiting further price action, bounce and possible scale in

Long EUR/JPY @

100.50....Active Trade....Mental Stop Loss...Open Target
100.14....Active Trade....Mental Stop Loss...Open Target....Closed @ 100.60....Profits Booked
99.92.....Active Trade.....Mental Stop Loss...Open Target....Closed @ 100.60....Profits Booked

Long GBP/USD @

5544............Active Trade.....TP @ 5676....Closed @ 5676....Profits Booked
5544 X 10.....Active Trade.....TP (half) @ 5619 & the rest TP @ 5676X 5 Lots Closed @ 5619....Profits Booked
................................... X5 lots Closed @ 5676....Profits Booked
Long EUR/USD @

2619....Active Trade....Mental Stop Loss...Open Target....Closed @ 2700....Profits Booked
2593....Active Trade....Mental Stop Loss...Open Target....Closed @ 2700....Profits Booked

Long US30 @
12701..............................................Closed @ 12760....Profits Booked