Thread: Discuss GBP/USD - H2 2012

Originally Posted by Alejandro Zambrano

It looks like a bullish reversal - say that we reach 1.6170 today - then we can probably buy on a dip as long as we do not trade under 1.6065 low.

Above next move higher to 6145-48; have a 6210 tgt in sight.. Let's see how it goes, USD opened up under the bear flag on 4 hrs (9902) and once under 9878 it confirms it is to the lower side.. will find out..

GL..

GL..

GBP/USD 1-Minute Negative MACD Divergence Indicating Pause in Up trend

Originally Posted by Gregory McLeod

GBP/USD 1-Minute Negative MACD Divergence Indicating Pause in Up trend

I Pipped, I Ran, I'm Flat

August factory orders dropped to lowest level since 2009. GBP/USD pull back continuing.

Originally Posted by Gregory McLeod

I Pipped, I Ran, I'm Flat

thats fine scalping Gregory, very fine

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.81 as approximately 36% of traders are long. Yesterday the ratio was -1.49; 40% of open positions were long. In detail, long positions are 8.7% lower than yesterday and 11.9% below levels seen last week. Short positions are 10.9% higher than yesterday and 14.7% above levels seen last week. Open interest is 3.0% higher than yesterday and 3.5% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. Current SSI is lower than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -2.55 as approximately 28% of traders are long. Yesterday the ratio was -2.12; 32% of open positions were long. In detail, long positions are 10.8% lower than yesterday and 4.5% above levels seen last week. Short positions are 7.4% higher than yesterday and 15.4% below levels seen last week. Open interest is 1.5% higher than yesterday and 3.8% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBPUSD may continue higher. Current SSI is lower than yesterday and higher from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 1.35 as approximately 57% of traders are long. Yesterday the ratio was 1.70; 63% of open positions were long. In detail, long positions are 10.5% lower than yesterday and 3.0% below levels seen last week. Short positions are 13.1% higher than yesterday and 26.5% above levels seen last week. Open interest is 1.8% lower than yesterday and 3.1% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the GBPJPY may continue lower. Current SSI is lower than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

USDJPY - The ratio of long to short positions in the USDJPY stands at 11.01 as approximately 92% of traders are long. Yesterday the ratio was 13.22; 93% of open positions were long. In detail, long positions are 8.3% lower than yesterday and 26.1% below levels seen last week. Short positions are 10.2% higher than yesterday and 26.0% above levels seen last week. Open interest is 7.0% lower than yesterday and 6.6% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower. Current SSI is lower than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

USDCHF - The ratio of long to short positions in the USDCHF stands at 1.53 as approximately 61% of traders are long. Yesterday the ratio was 1.55; 61% of open positions were long. In detail, long positions are 7.4% higher than yesterday and 7.3% above levels seen last week. Short positions are 8.8% higher than yesterday and 1.4% above levels seen last week. Open interest is 7.9% higher than yesterday and 5.0% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDCHF may continue lower. Current SSI is lower than yesterday and higher from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.92 as approximately 66% of traders are long. Yesterday the ratio was 1.70; 63% of open positions were long. In detail, long positions are 2.1% higher than yesterday and 6.4% below levels seen last week. Short positions are 9.6% lower than yesterday and 1.2% above levels seen last week. Open interest is 2.2% lower than yesterday and 10.7% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDCAD may continue lower. Current SSI is higher than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.80 as approximately 64% of traders are long. Yesterday the ratio was 1.81; 64% of open positions were long. In detail, long positions are 2.7% higher than yesterday and 55.5% above levels seen last week. Short positions are 3.3% higher than yesterday and 25.7% below levels seen last week. Open interest is 2.9% higher than yesterday and 7.8% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. Current SSI is lower than yesterday and higher from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.65 as approximately 38% of traders are long. Yesterday the ratio was -1.58; 39% of open positions were long. In detail, long positions are 2.3% lower than yesterday and 10.5% above levels seen last week. Short positions are 1.6% higher than yesterday and 13.0% below levels seen last week. Open interest is 0.1% higher than yesterday and 2.0% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the NZDUSD may continue higher. Current SSI is lower than yesterday and higher from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

EURCHF - The ratio of long to short positions in the EURCHF stands at 8.37 as approximately 89% of traders are long. Yesterday the ratio was 10.14; 91% of open positions were long. In detail, long positions are 3.1% lower than yesterday and 4.8% below levels seen last week. Short positions are 17.4% higher than yesterday and 18.9% above levels seen last week. Open interest is 1.3% lower than yesterday and 9.9% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURCHF may continue lower. Current SSI is lower than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

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It great to have a fellow 'Master Scalper' in the Forum community! You manage far more instruments than I can at this moment!

Originally Posted by Gregory McLeod

It great to have a fellow 'Master Scalper' in the Forum community! You manage far more instruments than I can at this moment!

you can trade any instrument you want with your abilities

closed my long ( retrace tg 1.61570 missed by a hair or 2 ) - short 1.61400, will add on any minor upmoves towards 1.61500


scalping south towards 1.61167

Originally Posted by divided@zero

you can trade any instrument you want with your abilities

closed my long ( retrace tg 1.61570 missed by a hair or 2 ) - short 1.61400, will add on any minor upmoves towards 1.61500


scalping south towards 1.61167

think i'll join you on that short

limit add at 48

Has closed long. Has opened short. Target 1.603.

I can go long or short, but I enjoy being bearish more for some reason. Does anyone else feel differently?

Originally Posted by Gregory McLeod

I can go long or short, but I enjoy being bearish more for some reason. Does anyone else feel differently?

Yes, I love short. Don't know why, but in short I have is better.
Sometimes looking at the monitor, I say to myself, ' Go bears!Let's kicking!'!

Lightning Round!

How are you positioned? Don't be shy, tell us the currency pair or asset that you are either long, short or the level you are waiting for.
No need for a chart (unless you want to upload a chart) - you can even post a non FXCM/DailyFX chart!

This is just a great way to get everyone to participate and get a sense about market sentiment through our forum sampling!

Originally Posted by divided@zero

you can trade any instrument you want with your abilities

closed my long ( retrace tg 1.61570 missed by a hair or 2 ) - short 1.61400, will add on any minor upmoves towards 1.61500


scalping south towards 1.61167

scaled in 1.61760