Thread: Discuss GBP/USD - H2 2012

Originally Posted by simonward

I may be totally wrong but all a learning curve...when NY opens and they start selling $ will this push the GBP/USD up?

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Thanks pal

Stops moved to breakeven , we're only 1 headline or rumour from triggering another spike.. up or down, so elimination of excess risk seems wise

Originally Posted by markie6

more triggered at 1.577 ... stops at 1.5810

more of a move than I anticipated when my long was triggered this morning for 35 pips ...maybe I should have left that running... ho hum

i would think with us market open the spike will be up......your thoughts?

I am already short... but it's anybodys guess , the person who knows for sure.... would be so rich he would be paying somebody else to type here

Sadly I am not sure... however, I am short at 1.5777 with no risk and a larger position that I usualy take, so.... I am hopeful, but mindful of the effects of Euro / Dollar could spike pound futher up.. or down

Originally Posted by simonward

i would think with us market open the spike will be up......your thoughts?

I am expecting drop however have TP at 1.5820 before the fall back down....

DailyFX.com Bulls vs. Bears: The Spread Betting Morning Update August 21 - 2012

Presentation
http://blip.tv/dailyfxbullsvsbears/bulls-vs-bears-the-spread-betting-morning-update-august-21-2012-6314985

[QUOTE=markie6;1292600]I am already short... but it's anybodys guess , the person who knows for sure.... would be so rich he would be paying somebody else to type here

100% Short position will confirm tommorrow after today candle close below SMA100 and EMA200.
Hope you're in right position because now price at Weekly Resistance 1.57460 and pray god to close below resistance.

Thank You

[QUOTE=earndollars;1292644]

Originally Posted by markie6

I am already short... but it's anybodys guess , the person who knows for sure.... would be so rich he would be paying somebody else to type here

100% Short position will confirm tommorrow after today candle close below SMA100 and EMA200.
Hope you're in right position because now price at Weekly Resistance 1.57460 and pray god to close below resistance.

Thank You

Hello earndollars(love that name)! You are not alone, I got short GBP/USD at 1.5764 at the Daily R3 pivot. Wowzers "R3"!!

Originally Posted by Alejandro Zambrano

DailyFX.com Bulls vs. Bears: The Spread Betting Morning Update August 21 - 2012

Presentation
http://blip.tv/dailyfxbullsvsbears/bulls-vs-bears-the-spread-betting-morning-update-august-21-2012-6314985

Really happy that my plan is being backed up by a pro!
entered at 1.5760 on a correction with a tight stop at 1.5740 and hoping to see 1.5840 by the end of today and maybe 1.59 by end of the week,

I was short but closed it out with losses .
The correction was not deep enough, I think the pair will rise and shine...
Now long 1.576 (to late ) to 1.58 or 1.585?

Short again, my good sized position ..much bigger than usual got 30 pips ahead.. but broke even....1.578 but 2 smaller amounts stops at 1.5793
my risk is only what I am already ahead today , short Euro / Dollar lost 20 pips....

now if only my long didn't have a target set

edit stops were wrong...

While i am sat waiting to see what happens with GBPUSD for example, and my other trades, what can i be doing in terms of seeing possible direction? Can someone reccomend a specfic indicator i should use and study....

Originally Posted by simonward

While i am sat waiting to see what happens with GBPUSD for example, and my other trades, what can i be doing in terms of seeing possible direction? Can someone reccomend a specfic indicator i should use and study....

Hello simonward. I would recommend taking a look at the ADX/ DI+/DI- indicator. It is a good one for determining if a currency pair or other financial instrument is ranging or trending. A reading below 30 usually means that a currency pair is in a range. In that case you would use your slow stochastic indicator to buy oversold areas and sell overbought areas. However, if the ADX is over 30 then the stochastics will not be as helpful and will give you false countertrend signals. In this case, when ADX is over 30, you would use the MACD indicator for trend direction. AS MACD moves above the zero horizontal reference line, it tells you that that pair is in a strong uptrend. Stochastics then can be used to buy dips only and then you would ignore stochastic sell signals. if ADX is over 30 and stochastics is trending down below the zero line, then the trend is down and you would ignore stochastics buy signals and only take sell signals as stochastics moves above 80. I know that is a lot, but it will give you a good place to start.

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Who is stoping the GBP/USD!?!

Why don't you let it fly... ?!?!

Frank Sinatra - Fly me to the moon

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