Thread: Discuss GBP/USD - H2 2012

Originally Posted by chaser

Hello
Is it possible that we see a false break above the April trend line? Notice the pin bar at the peak. The latest news may not seem to show a likely down turn but I think a very repid down turn may be on the way. Any logic here?Attachment 151539

we spoke about this yesterday, but now - maybe revisit the same situation and see

maybe now we can discuss this and define it - what would you call this situation now after todays events?

GBP/USD Moving Toward 1.6100 and Lower

Keeping trading simple, today is a big pay day today for GBP-USD bears! This is why I love daytrading FX. Holding short at 1.6250 and exiting at 1.6125. Next week we should have some more fireworks. Have a great weekend!

Originally Posted by divided@zero

doing my best to hold, l do not do well in longer term stuff, but this one l can bear ( PUN IS INTENDED )

HAHAHAHHA

Originally Posted by Gregory McLeod

If you liked it at 13,645, you will just love it at 13324! A real bargain!

closed 13385

Originally Posted by Gregory McLeod

HAHAHAHHA

goldman sachs frying JP Morgan

Originally Posted by divided@zero

doing my best to hold, l do not do well in longer term stuff, but this one l can bear ( PUN IS INTENDED )

HAHAHHAHAHA! I have been in and out. Scalping short on retraces.

Originally Posted by DayTraderDad

Keeping trading simple, today is a big pay day today for GBP-USD bears! This is why I love daytrading FX. Holding short at 1.6250 and exiting at 1.6125. Next week we should have some more fireworks. Have a great weekend!

Congratulations DTD! Have a great weekend! Pips just have a way of making the weekend much better!

Originally Posted by Gregory McLeod

HAHAHAHHA

Can't help but laugh. The real money is made in the long haul.

Good Luck.

Originally Posted by TAfool

...Have a potential target at $1.6080 but then I view strong rally. That rally is the one I believe is the one to be heavily shorted.....awaiting entry.

http://www.tafool.com/Charts/gbpusd0926121h.png

Just about there! Scoosh bit more downside to go. USD was a big tell in the shaping of these moves. Check the chart directory for past charts with notes.

TAfool

Updated G/U chart:
http://www.tafool.com/Charts/gbpusd0928121h.png

Originally Posted by tomaz

been short from 6300 and just ADDED to short at 6216 looking for 6100 and below

got out of short at 6130 for 170 pips, highly leveraged.. will short again from above 6160 to sub 6100

had a shocker waiting for my long to go up to 16220 at least. should have gone short gutted lost too much..oh well back on monday hopefully

yipee my head ,shoulder, knees, and toes , knees and toes, eyes and ears and mouth n nose, ( sorry couldnt resist myself from singing the rhyme everything has been saved by bears. i love you bears. keep doing .

Originally Posted by raisinghope

6260 - 6070 > 6170 - 6070.


i can see clear head and shoulder pattern . so still strongly believe, bulls will not break the shoulder. ( if the shoulder breaks guess what .............. not my head but my heart will break )

GBPUSD making expanding triangle in wave 4 . looks like a good long around 1.6096 for target at above 1.6300 .

Originally Posted by durgesh147

GBPUSD making expanding triangle in wave 4 . looks like a good long around 1.6096 for target at above 1.6300 .

Also read on ig index that dollar has taken a high volume of bets on it shorting. Means Gbp might shoot up not sure as to when though. Maybe short till 16100 ish?