Thread: Discuss the GBP/USD with a DailyFX Analyst

closed at 5620. feeling good

Originally Posted by shooting star

initiated long 1.5570. suffered a couple of losses this week. now crossing my fingers .............

Short @ 1.56210
Stop Loss @ Break Even
Soft Target 1.55900

Originally Posted by STORMTROOPER

Short @ 1.56210
Stop Loss @ Break Even
Soft Target 1.55900

Closed @ 1.56100 +11pips

Originally Posted by STORMTROOPER

Closed @ 1.56100 +11pips

As DelBoy would say:' You Plonker '!

Originally Posted by STORMTROOPER

Short @ 1.56210
Stop Loss @ Break Even
Soft Target 1.55900

gOOd SHOT!!!

GBP/USD June 28 - 2012


GBP/USD had a bearish breakout this morning as we traded under the 1.5550 low, this has opened of a further drop to 1.55 as long as we trade under 1.5660. Price can bounce to 1.56 but traders will probably see this as an opportunity to go short as the potential reward will be greater than the potential loss if we trade close to 1.56

As of the last few days I still prefer the EUR/USD over the GBP/USD as GBP/USD lacks a strong trend.


If you have 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

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Originally Posted by Alejandro Zambrano

GBP/USD June 28 - 2012


GBP/USD had a bearish breakout this morning as we traded under the 1.5550 low, this has opened of a further drop to 1.55 as long as we trade under 1.5660. Price can bounce to 1.56 but traders will probably see this as an opportunity to go short as the potential reward will be greater than the potential loss if we trade close to 1.56

As of the last few days I still prefer the EUR/USD over the GBP/USD as GBP/USD lacks a strong trend.


If you have 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.

Screenshot is not for GBP/USD!!!

Long @ 1.55300
Stop Loss @ 1.55150
Target @ 1.55600

Originally Posted by STORMTROOPER

Long @ 1.55300
Stop Loss @ 1.55150
Target @ 1.55600

Thanks for your many good calls, I bought 1.5536 and closed 1.5537

Have been paying attention and that was the first trade.

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Originally Posted by scalping fool

Thanks for your many good calls, I bought 1.5536 and closed 1.5537

Have been paying attention and that was the first trade.

ONLY single PIP!!!

got buys on cable 1.55400 area, adding on dips


tg 1.55800

Originally Posted by msufaisal

ONLY single PIP!!!

Thanks for pointing out my error, Bought 1.5536 closed 1.5557 , 20 pips

Originally Posted by scalping fool

Thanks for pointing out my error, Bought 1.5536 closed 1.5557 , 20 pips

That's g8!!!

Originally Posted by scalping fool

Thanks for your many good calls, I bought 1.5536 and closed 1.5537

Have been paying attention and that was the first trade.

Your welcome. Closed @ 1.55600 +30pips