Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by smallcaps49

use to use only the sma's, but in the last sevral months I have both ema's and sma'a on 2 different charts!!! 5 day, 13 day and 62 day sma's and ema's!!!

Hope this helps, as I have followed your posts all the time + your blog for ideas using my method along with yours, JohnG and many other great posters here!!! It all comes together using methods of each and everyone that posts here!!! Thats what this forum is about, together to make MONEY!!!

caps out!!!

won 20pips

Originally Posted by mikelgcsdv

won 20pips

I have done well so ar Too!!!!!!!!!!!

caps out!!!

No worries mate

I'm glad that you've found a system that you're comfortable with. To be honest, the key is to stop hunting for the world's best system as there isnt any. Respect your system and your system will start respecting you soon.

Cheers,

Originally Posted by smallcaps49

use to use only the sma's, but in the last sevral months I have both ema's and sma'a on 2 different charts!!! 5 day, 13 day and 62 day sma's and ema's!!!

Hope this helps, as I have followed your posts all the time + your blog for ideas using my method along with yours, JohnG and many other great posters here!!! It all comes together using methods of each and everyone that posts here!!! Thats what this forum is about, together to make MONEY!!!

caps out!!!

Originally Posted by smallcaps49

I have done well so ar Too!!!!!!!!!!!

caps out!!!

U did better than me....congrats. Can we chat on YM? my id workuk1

Hope everyone is enjoying the ride and did not get hurt................

You're welcome mate. I was actually thinking about you and wondering if you're still holding those Long Positions ?

Or as your signature says, you've been hedging ?

Originally Posted by Breeze

Nice work Ash...you and JohnG are impressive....Thanx for your help....even though you dont kno it....I owe you guys a favour some day.

Breeze

Originally Posted by asherewt

You're welcome mate. I was actually thinking about you and wondering if you're still holding those Long Positions ?

Or as your signature says, you've been hedging ?

Hey Ash, are you still bearish GBP/AUD? Given daily cross, it's up big.

Originally Posted by asherewt

You're welcome mate. I was actually thinking about you and wondering if you're still holding those Long Positions ?

Or as your signature says, you've been hedging ?

Bro, when can short cable? Now? 6235? Thks

I keep buying around 1.6220 area, no target, just keep buying as reckon cable up. 2 day chart support, and daily MACD can cross from here. Weekly chart support just keeps getting stronger as well. Can see breakout coming for the big up. 4 hour convergence ATR and momentum.

Originally Posted by Tigger

I keep buying around 1.6220 area, no target, just keep buying as reckon cable up. 2 day chart support, and daily MACD can cross from here. Weekly chart support just keeps getting stronger as well. Can see breakout coming for the big up. 4 hour convergence ATR and momentum.

Thanks bro for sharing your trades. I m following you. Long 6245 SL300pips Lmit 300pis

[QUOTE=Sean Hyman;399377]Yeah, I love how you can click the Research button at the top right of the trading station and go right to the site. It's also a great "one stop shop" for all types of analysis: fundamental, technical, Elliott Wave, Sentiment, etc. all in one spot which is nice too.

Hi Sean, I have a question. I use the MACD to help me on when to buy and when to sell. However noticed that i have been using teh system default which is at 12, 26 and 9.

Is that Ok since i noticed that people on this forum have a different one. Thanks and PS yes i do know that the MACD is not accurate enough and not the best one to use but it has worked for me for some time now. Thanks

G

[QUOTE=gordy;399906]

Originally Posted by Sean Hyman

Yeah, I love how you can click the Research button at the top right of the trading station and go right to the site. It's also a great "one stop shop" for all types of analysis: fundamental, technical, Elliott Wave, Sentiment, etc. all in one spot which is nice too.

Hi Sean, I have a question. I use the MACD to help me on when to buy and when to sell. However noticed that i have been using teh system default which is at 12, 26 and 9.

Is that Ok since i noticed that people on this forum have a different one. Thanks and PS yes i do know that the MACD is not accurate enough and not the best one to use but it has worked for me for some time now. Thanks

G

Since many big institutions stick to the original settings you are using...I use the same (12, 26, 9).

The MACD is best used by taking the entry signal that is the same direction as the trend. That's a good rule with any indicator, but especially the MACD.

The Slow Stochastic (14,3,3 settings is what I happen to use) may get you in a trade slightly quicker but the MACD will keep you in a profitable trade a bit longer too.

Hope this helps.

hello guys uve got another baby in the house, am diji and am prety much new to fx. any1 with tangible advice.....and i which to know more about sma, RSI and MACD.

Thanks

oldbrothers and sisters in forex...

Originally Posted by DIJI

hello guys uve got another baby in the house, am diji and am prety much new to fx. any1 with tangible advice.....and i which to know more about sma, RSI and MACD.

Thanks

oldbrothers and sisters in forex...

DIJI, welcome to the trading community. Good to have you posting here with us.

I'd encourage you to take our online forex course first. If you'd like to do that, I can get it to you for FREE if you will email me at shyman@dailyfx.com with your first and last name and email address.

GBP/USD
A whole lotta shakin' goin' on....
The pair wobbles to the edge of the abyss at 1.6200
We'll see a ripcord to 1.5800 after the FOMC rate decision.
Thick thunderclouds are forming on 4H and day-chart...
The bullish dollar is here to stay for a while I think.
Short from 1.6237 -- stop 1.6350

This is NOT an advice but MY believe!
Good luck

Charts:
Attachment 44472
Attachment 44473

Originally Posted by Sean Hyman

DIJI, welcome to the trading community. Good to have you posting here with us.

I'd encourage you to take our online forex course first. If you'd like to do that, I can get it to you for FREE if you will email me at shyman@dailyfx.com with your first and last name and email address.