Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by tradersense

Sean, how significant is it that we went through the 200 day moving average (1st time since May) on the daily in cable today? If it closes below it, should this not signify a mid-long term shift downwards again without rising back above the line?

If we hold some daily candles below the 200 SMA, it could cause some big institutions to come in (next year) with a different view when they start reinvesting their money.

Since most institutions are not in the market the final couple of weeks of the year. they likely won't make any moves until then.

Originally Posted by Sean Hyman

If we hold some daily candles below the 200 SMA, it could cause some big institutions to come in (next year) with a different view when they start reinvesting their money.

Since most institutions are not in the market the final couple of weeks of the year. they likely won't make any moves until then.

Thanks Sean.

Originally Posted by tradersense

Thanks Sean.

You're welcome. Anytime. Glad to have helped.

Originally Posted by RS2OOO

Just some thoughts.

I'm currently flat.

RS2000

I ncan see where you are coming from but we are, and have been all year, in an uptrend right now. Maybe the trend will be capped at 1.75 some time early next year by a similar longer term descending line.

Not sure if we will be going there from where we are now, 1.57, or even lower though. My thoughs are turning towards is on 1.57 but i am ever hopeful that we will not see it, not for a couple of weeks if we do.

Originally Posted by FORESTFX

RS2000

I ncan see where you are coming from but we are, and have been all year, in an uptrend right now. Maybe the trend will be capped at 1.75 some time early next year by a similar longer term descending line.

Not sure if we will be going there from where we are now, 1.57, or even lower though. My thoughs are turning towards is on 1.57 but i am ever hopeful that we will not see it, not for a couple of weeks if we do.

Not looking good for the bulls right now, with these lower highs and lower lows that the pair has in place right now.

If you look back then you will see that i was not the one who started the confrontation. He got my back up! And is only here to solicte others to his paid services!!

Fx-liono will also confirm this.

End of matter as far as i am concerned.

Originally Posted by Sean Hyman

Yep, we will all have times when we are right...and all have times when we are wrong. If someone jumps on another too hard when they are wrong...when that particular person happens to get it wrong, the crowd will turn on them because they had no mercy when it came to another one on the forum.

What's that old phrase that our moms taught us when we were little? Do unto others AS you would have them do unto you.

So I'd admonish him to figure out how he wants everyone else to treat him and then do likewise.

Originally Posted by Sean Hyman

Not looking good for the bulls right now, with these lower highs and lower lows that the pair has in place right now.

Can't disagree with you there Sean! I remain optomistic though, supporting the currency i see in my wallet everyday.

Guys,

Just 2 cents from my side, please stay with the trend and catch as much as you can. When the trend will change (if and whenever) you'll get enough time to make up your mind about going long ... till then there have been a lot of pips in these 3 weeks time ...

The daily chart is looking even worse ...

Good luck.

Originally Posted by asherewt

Guys,

Just 2 cents from my side, please stay with the trend and catch as much as you can. When the trend will change (if and whenever) you'll get enough time to make up your mind about going long ... till then there have been a lot of pips in these 3 weeks time ...

The daily chart is looking even worse ...

Good luck.

Asher, glad to see guys like you in here encouraging trend following since that's the higher probability trading and way to elongate your profits.

Great job!

Thanks Mate

I just hope everyone makes money ...

Originally Posted by Sean Hyman

Asher, glad to see guys like you in here encouraging trend following since that's the higher probability trading and way to elongate your profits.

Great job!

Originally Posted by asherewt

Thanks Mate

I just hope everyone makes money ...

Yeah, me too. That's my hopes with this forum...that it gives them an edge and some insights that they'd never have had on their own.

Absolutely correct Sean,

I post on three different forums (quite actively) and also maintain my Blog (with no commercial intentions) and some people think that its all wasting of your time to be on Forums. I, however have a different opinion as I think that I've learned a great deal by posting trend bias, charts and reading other people's comments.

Learning from Trial and Error is the best way to go ... I think

Originally Posted by Sean Hyman

Yeah, me too. That's my hopes with this forum...that it gives them an edge and some insights that they'd never have had on their own.

Some great charts posted in this and other forums, some of them from Daily FX. I think traders around the world owe a vote of thanks to FXCM for the great choice of charts they provide in real time. Thank you.
For this pair, I am looking to 15820 before the half new moon kicks in on Yuletide eve.

Great Chart Asherewt

I dont use Ichimo as i have never really got into it, however on your chart the green line which u have labeled " In no mans land" what does that line indicate.

Thanks

JJ

Originally Posted by asherewt

Guys,

Just 2 cents from my side, please stay with the trend and catch as much as you can. When the trend will change (if and whenever) you'll get enough time to make up your mind about going long ... till then there have been a lot of pips in these 3 weeks time ...

The daily chart is looking even worse ...

Good luck.

The dollar strength is being driven right now on lower gold and if this is correct then we may be seeing $ weakness right around the corner. EW calls for a correction in the dollar before the next round of strength and this all falls in line with a 4 hr gold chart that looks to have hit support for now also.

the market is out of sync right now and will be looking to correct this as it also looks for fair market value on the dollar against the majors