Thread: Discuss GBP/USD - H2 2012

[QUOTE=citytrader46;1338844]It hit this target twice 17/09 and 19/09. Is this a double top? Either way I have now closed out all longs and I'm looking to sell now as I have already stated at 16225.

Targets 1.617 & 1.613

It seems that all the delta timing trader have gone Can anyone advise where are we in delta trade timing I think the MTD is in and we are going down to SLTD low for the next few weeks

Originally Posted by Vincent6

It seems that all the delta timing trader have gone Can anyone advise where are we in delta trade timing I think the MTD is in and we are going down to SLTD low for the next few weeks

Hi,

Possibly - ITD-wise 1.5958 confirms MTD5/LTD13 top.We have MTD(1) top,MTD2 bottom,MTD3 top,MTD4 bottom sequence off the lows - hence this is a 3rd in a row MTD. John mentioned many times that with inverted points there can be 4 turning points in a cycle, but I hanven`t seen anything like that yet.

Current MTD: ITD12 bottom (1.575), ITD1 top (1.6032), aand ITD(1)/ITD2 bottom (1.595) - not much clarity here

From EW perspective we could have a truncated wave Y of E of the triangle. IMO breaking back below previously broken sloping TL will strongly support the idea.

I will post charts later.

Patryk

Hi Patryk

Thanks

Vincent

[QUOTE=citytrader46;1339106]

Originally Posted by citytrader46

It hit this target twice 17/09 and 19/09. Is this a double top? Either way I have now closed out all longs and I'm looking to sell now as I have already stated at 16225.

Targets 1.617 & 1.613

Close half the trade at 16171 and move other half to break even will look for a retrace now to enter short again although half is still running

USDOLLAR H1 CHART

IT BROKE RESISTANCE AREA IN ELLIPSE. THIS MEANS THAT WE CAN SEE 1.2650 FOR EUR/USD NEXT WEEK.
GL

EUR/USD
FIRST TARGET 1.2650
SECOND TARGET 1.2300

GBP/USD
FIRTS TARGET 1.5850
SECOND TARGET 1.5600

GL

i keep my portfolio in patient with 0.2 lot Eur/Usd short and 0.3 lot Gbp/Usd short.

GL

http://forexforums.dailyfx.com/my-tr...sh-trader.html (TURKISH TRADER)

I'm looking for short entry on the rally maybe 6220-6250? if it gets there.
Any thoughts?

Originally Posted by davidsayli

PEOPLE PLEASE LISTEN ME

DID YOU CONSIDER ANY WAR BETWEEN CHINA AND JAPAN. I DON'T WANT A WAR BUT IT IS THE REALYTY OF THIS WORLD. CHINA AND JAPAN ARE VERY STRONG COUNTRIES. IF THEY BEGIN TO FIGHT IT WILL BE ONE OF THE BIGGEST WAR EVER SEEN. PEOPLE WILL BEGIN TO BUY US DOLLAR AND GOLD IN THAT SITUATION. WE CAN SEE THIS NUMBERS WHEN A WAR OCCUR.

EUR/USD 1.08-1.14
GBP/USD 1.11-1.13
GOLD 2300-2600

BE CAREFULL

i don't think a few verbal fights because of some islands or the kind will trigger a war between the two. i see a war in the middle east far more likely.
to say there could be a war (china/japan) is extreme. i dont ever see it happening anytime in the next few decades. there is to much good happening in that part of the world for a war to be triggered.

momentum for GBPUSD still down, slow pace but still down. i see 1.6125 hit before clearer direction. grey area is resis that price found on.
bit late posting, as always.
GL.

GBP/USD

BE CAREFULL
MORE BEARS CAN OPEN SHORT POSITION. WE CAN SEE 1.5600-15800 AREA VERY QUICKLY NOWADAYS. HEDGE FUNDS ALSO CLOSED ALL THEIR LONG POSITION THAT KEEP FROM 1.5400. NOW HEDGE FUNDS WILL OPEN SHORT POSITION.

FIRST TARGET 1.5850
SECOND TARGET 1.5600
GL

http://forexforums.dailyfx.com/my-tr...sh-trader.html (TURKISH TRADER)

Bulls vs. Bears: The Spread Betting Morning Update September 20 - 2012

Main presentation
http://www.livestream.com/dailyfx/vi...edium=ui-thumb

Q&A session
http://www.livestream.com/dailyfx/vi...edium=ui-thumb

we seem to be breaking higher on 1H ......
a little nervous with my short i entered 1.6250,
thinking of closing......
short term support building on 4H

thoughts anyone?

Originally Posted by jogold18

we seem to be breaking higher on 1H ......
a little nervous with my short i entered 1.6250,
thinking of closing......
short term support building on 4H

thoughts anyone?

Sloping TL has been touched and we may head towards 1.65 -1.67 area - SSI looks ugly for bears and there is still a week or so to complete the LTD13 sequence. Geppy looks likle wave C of the triangle unfolds so there is still room towards 130 or 132. Beeing a bear at heart and so close to the long term top (at last till end of the year) I still see a chance of a blow-off bull final.

edit: I hedged my short and I`m ready to dump it soon.

Patryk

Originally Posted by fazi

Hi,

Possibly - ITD-wise 1.5958 confirms MTD5/LTD13 top.We have MTD(1) top,MTD2 bottom,MTD3 top,MTD4 bottom sequence off the lows - hence this is a 3rd in a row MTD. John mentioned many times that with inverted points there can be 4 turning points in a cycle, but I hanven`t seen anything like that yet.

Current MTD: ITD12 bottom (1.575), ITD1 top (1.6032), aand ITD(1)/ITD2 bottom (1.595) - not much clarity here

From EW perspective we could have a truncated wave Y of E of the triangle. IMO breaking back below previously broken sloping TL will strongly support the idea.

I will post charts later.

Patryk

Good to see your post. Thanks.

Good Luck.