Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by Breeze

Hello all still holding longs added heavily @ 6540

now long GBP/USD @
6447
6600
6540....heavily

hopefully you will done

Kindly advice if you think I am ripe for real life trading. bellow is my account summary for my Trading Demo Account.


Kindly advice, I wish to fund my account and start trading in the real live trading.

Best Regards,

Emmaso

ACCOUNT SUMMARY


Beginning Balance 0.00
Comm Trading Commission 0.00
Rollover Rollover Fee 36.59
PnL Profit/Loss of Trade 56,690.72
Depos Deposit 50,000.00
Withd Withdrawal 0.00
Option Options Payout 0.00
Comm Options Commission 0.00
AdminFee Administrative fee 0.00
MngFee Management Fee 0.00
PerfFee Performance Fee 0.00
Void Deposit Rollback 0.00
ASPComm ASP Commission 0.00
MargInterest Interest on Usable Margin 0.00
Ending Balance 106,727.31
Floating P/L -77.40
Equity 106,649.91
Necessary Margin 500.00
Usable Margin 106,149.91

Hello everyone,

x wave triangle update - "... it ain`t over till it`s over..." - 1.6464 is my line in the sand.

It should be a double top, but there is no follow up - there could still be a nice tumble, although it looks to me like a bear trap and a full blown failed double top.

Patryk

I am very new in forex and need some help.

Kindly advice if you think I am ripe for real life trading. bellow is my account summary for my Trading Demo Account.


Kindly advice, I wish to fund my account and start trading in the real live trading.

Best Regards,

Emmaso

ACCOUNT SUMMARY


Beginning Balance 0.00
Comm Trading Commission 0.00
Rollover Rollover Fee 36.59
PnL Profit/Loss of Trade 56,690.72
Depos Deposit 50,000.00
Withd Withdrawal 0.00
Option Options Payout 0.00
Comm Options Commission 0.00
AdminFee Administrative fee 0.00
MngFee Management Fee 0.00
PerfFee Performance Fee 0.00
Void Deposit Rollback 0.00
ASPComm ASP Commission 0.00
MargInterest Interest on Usable Margin 0.00
Ending Balance 106,727.31
Floating P/L -77.40
Equity 106,649.91
Necessary Margin 500.00
Usable Margin 106,149.91

Stocks now back at the highs again.

The thinking being with an unemployment rate above 10% the Fed will hold rates low well into next year (I wasn't aware they were looking at raising anytime soon) - therefore that's good for stocks.

Mmmm............ I wonder where the consumers are who are going to be buying all these goods ??

It's madness - to me.....

Originally Posted by apipintime

Morning All,

A triangle may still be in play on Cable. A breach of 6535 or wave 'e' finishing in the price territory of wave 'i' would invalidate this scenario.

Jay - from my experience - if you have 1to1 ratio for 95% it is not an impulse

Patryk

Hello all still holding longs added heavily @ 6540

now long GBP/USD @
6447
6600
6540....heavily

long Geppy @
150.54
149.00...heavily

All trades are open target

Its print baby print..... ( check out Fed funds futs for April)

10.2% is risk +ve in the models
& dollar -ve for the value matrix.

speaking of which...

John/cmellon
I haven't got round to Copans letter... Is he bull bear or nutral on GBP?

Odd school rotation is +ve cable

Watch out S&P 1075, critical point that may trigger massive reverse of wave 3. The stock market rally is on low volume.

Originally Posted by MrWilson

John..
I haven't got round to Copans letter... Is he bull bear or nutral on GBP?

Odd school rotation is +ve cable

Hi MW

He's undecided

Originally Posted by cmellon

Watch out S&P 1075, critical point that may trigger massive reverse of wave 3. The stock market rally is on low volume.

cmellon,

is this in relation to your comment a few weeks ago about the DJIA and S&P500 reaching that 0.50 retrace from last March?

Originally Posted by MrWilson

Its print baby print..... ( check out Fed funds futs for April)

10.2% is risk +ve in the models
& dollar -ve for the value matrix.

speaking of which...

John/cmellon
I haven't got round to Copans letter... Is he bull bear or nutral on GBP?

Odd school rotation is +ve cable

Hi MW,

I don't have the letter. As far as I know from reading some sent by my friend, he most of the time has two possible counts (primary and alternate), just like any system.

Originally Posted by Cheo

cmellon,

is this in relation to your comment a few weeks ago about the DJIA and S&P500 reaching that 0.50 retrace from last March?

Hi Cheo,

This would be 61.8% fib retracement from the high in Oct 21 to the low in Nov 2, which is a possible 3 wave ABC with wave C = wave A at 1075 level.

Market may be completing / testing this level now, but if the count is correct, then we could have a massive wave 3 down end of day today / next week.

Thanks John /cmellon

Has he mentioned the possablity of a point 18 seasonal inverson?
ie early point 18 low in anticaption for inverted 18 high?

Originally Posted by MrWilson

Thanks John /cmellon

Has he mentioned the possablity of a point 18 seasonal inverson?
ie early point 18 low in anticaption for inverted 18 high?

Yes he has -

That was and is the fly in the ointment

On my counts I'm looking at no inversion on that cycle - but it's still possible