Thread: Discuss the GBP/USD with a DailyFX Analyst

GBP/USD Spikes as Bank of England Governors had voted 0-0-9 to Keep Rates unchanged and Governor King was out voted over more QE

Originally Posted by JoeyLee

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.

Cool let us know......and by the way way send me some "NASI LEMAK & LAKSA"...

Originally Posted by Alejandro Zambrano

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

Thanks. Have to say the 'snapback' wasn't something I had expected.

'Wicked' is the perhaps the best expression that comes to mind.

Well done to all who managed to get in on a long position.

Hi, it seems your forum inbox is filled up please try to delete some so you can accept others. I tried sending you a mail but couldn't.

Originally Posted by Alejandro Zambrano

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.

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GBP/USD 60 min chart


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Good Morning Traders!

Let's keep a light open mind in the forums. We are all here to freely exchange ideas in a civilized and respective way.

You are free to ignore or consider any opinion a member gives in a civil manner that does not provoke another.

We have the freedom to agree, disagree, prove each other right, or wrong.

I WELCOME ANY AN ALL FEEDBACK CONCERNING MY TRADES. If you are a newbie or fellow moderator or a seasoned pro, please please please respond to my trades. I do not have all the answers and I have learned from newbies trading for a week as well as seasoned professionals who have traded 30 + years.

I believe great traders can take a little "respectful" banter and challenge as it clarifies their position and presents them with an alternative view.


If you agree with me let me know! If you disagree just remain silent (no just kidding!!!!) Please dissent as you please.

You can ignore a member by placing their name on a list found in your Private Message Menu located in the far left column. See attached picture

Charts from today's Bulls vs. Bears webinar

Main presentation and QA Session
Bulls vs Bears - The spread Betting Morning Update June 20 - 2012 | DailyFX: Bulls vs Bears on Blip

GBPUSD

Originally Posted by SharonSS

I use tight stops which goes against the analyzers' suggestions on this forum. However, never on a FOMC day when the market goes wacky at report time. Best to wait until market settles down.

This is very wise advice indeed!

Does anyone live dangerously and trade news as soon or just before the announcement?

Originally Posted by berich

Hi, it seems your forum inbox is filled up please try to delete some so you can accept others. I tried sending you a mail but couldn't.

It should be ok now + I added you to the e-mail list some time ago but by some reason the software could not send it to you - I added you again using the e-mail you sent me.

Originally Posted by Gregory McLeod

Good Morning Traders!

Let's keep a light open mind in the forums. We are all here to freely exchange ideas in a civilized and respective way.

You are free to ignore or consider any opinion a member gives in a civil manner that does not provoke another.

We have the freedom to agree, disagree, prove each other right, or wrong.

I WELCOME ANY AN ALL FEEDBACK CONCERNING MY TRADES. If you are a newbie or fellow moderator or a seasoned pro, please please please respond to my trades. I do not have all the answers and I have learned from newbies trading for a week as well as seasoned professionals who have traded 30 + years.

I believe great traders can take a little "respectful" banter and challenge as it clarifies their position and presents them with an alternative view.


If you agree with me let me know! If you disagree just remain silent (no just kidding!!!!) Please dissent as you please.

You can ignore a member by placing their name on a list found in your Private Message Menu located in the far left column. See attached picture

I totally AGREE...

by the way Greg why am I being ask to login to Forums even though I'm logged in...its very inconvinient.

So nervous to take this trade.

Originally Posted by STORMTROOPER

Well, I was short at 1.56920 earlier this morning but got stopped out at break even. I felt it may head higher towards 1.57200 before heading down again. Would have been a great start to the day! I'm now looking at a possible long around 1.56000 to coincide with the 100day MA on the Hourlies.

Hi Stromtrooper

I suggest you think twice about taking that long at 1.56. I think you should reload going south. My system - CD Wave Theory - is strongly suggesting that 1.5777 will be the top for the retest of 1.5267. I am expecting GU to break below recent low at 1.5267 and challenge 1.5000. Cable is in a down trend this pullback thou big is just a retrace. Additionally the bullish rally thus far from 1.5267 to 1.577 represents a 50% pullback of the total decline from 1.6300 to 1.5267. Go to the daily TF and pull the FIB over the two mentioned points (1.63 to 1.5267).

Have a look at the attached charts depicting my views. The ideal place for stops for the journey to 1.5267 and below is 1.5857.

Cheers

Originally Posted by Breeze

I totally AGREE...

by the way Greg why am I being ask to login to Forums even though I'm logged in...its very inconvinient.

Make sure that you click on "remember me" when login in

I went long on the dip but price is not picking up - might close soon as we are approaching the FED meeting.

Originally Posted by STORMTROOPER

Thanks. Have to say the 'snapback' wasn't something I had expected.

'Wicked' is the perhaps the best expression that comes to mind.

Well done to all who managed to get in on a long position.

did you not have a limit order in place?

Originally Posted by Alejandro Zambrano

Make sure that you click on "remember me" when login in

Oic....I'll certainly do that...