Thread: Discuss the GBP/USD with a DailyFX Analyst

London session review and outlook June 19 - 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

Follow me on twitter: https://twitter.com/AlejandroDFX


Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.

Take our new polll: "What will the Fed do tomorrow?"

Originally Posted by Breeze

its leaving on that midnight train to London...haha...all aboard except me...

I got busy and missed it too. How do you say it "there is always another tube leaving the station"

Here is a song that may comfort us as we wave good bye. "Midnight train to Georgia" by Gladys Knight and the Pips

I could not find a song about a midnight London train

Originally Posted by jogold18

got stopped out of my first trade GU long with this spike down but re-entered long 1.5640. bear flag in the making, expecting it to break up if we get a follow trough.....

stop loss right below the low

GL

took profit from my long position for a nice 90 pips even.
did a simple measure rule with the bear flag and closed my long.

SSI: Euro Direction Difficult as Retail Traders Once Again Short

Short @ 1.57550
Stop Loss @ 1.57850
Target @ 1.56650

Originally Posted by Alejandro Zambrano

Hello Breeze,

I missed out the cable move but went long EUR/USD instead. I agree with you Greg and the DailyFX plus outlook - look to buy a dip that does not exceed under this mornings low

Good for you mate...I missed out on this one...

Originally Posted by Gregory McLeod

I got busy and missed it too. How do you say it "there is always another tube leaving the station"

Here is a song that may comfort us as we wave good bye. "Midnight train to Georgia" by Gladys Knight and the Pips

I could not find a song about a midnight London train

My time...this song used to rock...."Classic"...beautiful music by Gladys Night & The Pips...Lets keep pipin......Greg U got Taste...

here we go

Long BP/USD @

5697 X 5.....Active Trade.....Open Limit Mental Stop Loss

Long EUR/JPY @

100.50......Active Trade.....Open Limit Mental Stop Loss

GBP/USD June 20 - 2012


The dip to 1.5650 this morning was probably the best opportunity to go long GBP/USD toady.
We might slip lower to test this spike but the trend is bullish as long as we trade above 1.56 and dip towards this level will be viewed as buying opportunity by most traders. As long as we trade above 1.56 I expect us to trade to 1.58 and 1.5850.


If you can any questions about this scenario or anything else trading related feel free to write to me here on the forum.

Feel free to join me today at 10:30 GMT (11:30 UK time) for a free FX, stock and commodity market webinar at www.dailyfx.com/bvb
Send an e-mail to azambrano@fxcm.com to sign up to my distribution list.

GBP/USD 60 min chart


Click here to view a recording which introduces you to my trading system


Market Strategist | DailyFX London
azambrano@fxcm.com

Follow me on twitter: https://twitter.com/AlejandroDFX


*Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join today.

Strong GBP 300 pips moving up. Should hold long. Then it is followed to my prediction.

Originally Posted by STORMTROOPER

Short @ 1.57550
Stop Loss @ 1.57850
Target @ 1.56650

Its looks like you got limited out exactly where you wanted congrats

Originally Posted by JoeyLee

Strong GBP 300 pips moving up. Should hold long. Then it is followed to my prediction.

Cool so you think we can move higher with 300 pips? what's a good stop loss level?

Originally Posted by Alejandro Zambrano

Cool so you think we can move higher with 300 pips? what's a good stop loss level?

Wait for this bar at 4 hour complete first. Then you can see where to put the stop loss. Do you want to take this high risk trade ? News is going to launch at this bar. The probability is high if it is green bar at 4 hour.