Thread: Discuss GBP/USD - H2 2012

Small loss on cable, however had two good trades limit out today. Posted on the AUD page
Daily chart attachedAttachment 139515


Regards

M$M

Originally Posted by Gregory McLeod

Good Morning Traders! We got past Ben Bernanke with little collateral damage and though QE was not explicitly mentioned, Ben gave many hints that the economy was meeting the Fed's checklist.

Weaker UK Retail Sales Sends GBP/USD Lower- Look for GBP/USD to retest 1.5600

Welcome back Alex! Good to have you back!

Cable Makes New 2-Week High rebounding sharply from earlier losses after weaker retail sales. US jobless claims number comes in higher than expected.

Where does GBP/USD go from here?

image host


sold fast down bar, out most


secured



all out 1.56840

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.17 as nearly 54% of traders are long. Yesterday, the ratio was at 1.26 as 56% of open positions were long. In detail, long positions are 2.4% lower than yesterday and 16.2% weaker since last week. Short positions are 5.2% higher than yesterday and 20.4% stronger since last week. Open interest is 1.0% stronger than yesterday and 6.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.31 as nearly 57% of traders are short. Yesterday, the ratio was at -1.06 as 51% of open positions were short. In detail, long positions are 12.1% lower than yesterday and 42.6% weaker since last week. Short positions are 8.7% higher than yesterday and 64.8% stronger since last week. Open interest is 1.4% weaker than yesterday and 4.9% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 2.14 as nearly 68% of traders are long. Yesterday, the ratio was at 2.77 as 74% of open positions were long. In detail, long positions are 4.2% lower than yesterday and 10.2% weaker since last week. Short positions are 24.4% higher than yesterday and 35.7% stronger since last week. Open interest is 3.4% stronger than yesterday and 7.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 8.46 as nearly 89% of traders are long. Yesterday, the ratio was at 8.70 as 90% of open positions were long. In detail, long positions are 6.7% higher than yesterday and 19.8% stronger since last week. Short positions are 9.7% higher than yesterday and 10.6% stronger since last week. Open interest is 7.0% stronger than yesterday and 24.3% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at -1.76 as nearly 64% of traders are short. Yesterday, the ratio was at -1.94 as 66% of open positions were short. In detail, long positions are 0.4% higher than yesterday and 0.4% weaker since last week. Short positions are 9.0% lower than yesterday and 22.5% weaker since last week. Open interest is 5.8% weaker than yesterday and 2.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.67 as nearly 63% of traders are long. Yesterday, the ratio was at 1.73 as 63% of open positions were long. In detail, long positions are 6.7% lower than yesterday and 27.0% stronger since last week. Short positions are 3.5% lower than yesterday and 12.9% weaker since last week. Open interest is 5.5% weaker than yesterday and 1.2% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -3.67 as nearly 79% of traders are short. Yesterday, the ratio was at -2.30 as 70% of open positions were short. In detail, long positions are 1.6% lower than yesterday and 27.7% weaker since last week. Short positions are 57.0% higher than yesterday and 140.4% stronger since last week. Open interest is 39.2% stronger than yesterday and 50.2% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.58 as nearly 61% of traders are short. Yesterday, the ratio was at -1.41 as 58% of open positions were short. In detail, long positions are 4.5% lower than yesterday and 26.3% weaker since last week. Short positions are 7.3% higher than yesterday and 20.6% stronger since last week. Open interest is 2.4% stronger than yesterday and 3.5% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

sold cable 1.57150


giving it around 10-15 points manual



would like scalp tg 1.56820 ideally



quick bail -10

London session review and outlook July 19 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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img upload


scalping, a little late, placed limit for add


a positive close above level - would consider bail

Originally Posted by root-minus

img upload


scalping, a little late, placed limit for add


a positive close above level - would consider bail

upload pictures


done .

Bulls vs bears spread betting market update July 20 2012

I would be careful going long today according to this scenario as the EUR/USD is now trading under our key level - meaning that GBP/USD could trade under 1.5335

Originally Posted by Alejandro Zambrano

Bulls vs bears spread betting market update July 20 2012

I would be careful going long today according to this scenario as the EUR/USD is now trading under our key level - meaning that GBP/USD could trade under 1.5335

Pretty much as expected - I think traders will book profits on short positions as we reach 1.5550-1.5600. We'll get a bounce on Monday and on Tuesday we can go short. Sometimes price trades straight trough support. If you want to go short then the EUR/USD is better.

anyone trading?

bought at 1.56340


targeting 1.56670


manual

It is time for the LIGHTNING ROUND

What are you trading? No need for a chart.

Long, short, or flat?

Let's get this party started! Pros as newbies are welcome!

Originally Posted by Alejandro Zambrano

Pretty much as expected - I think traders will book profits on short positions as we reach 1.5550-1.5600. We'll get a bounce on Monday and on Tuesday we can go short. Sometimes price trades straight trough support. If you want to go short then the EUR/USD is better.

anyone trading?

Closed several short from 1.5704 and continue short as we are trading under key level. Hope for the best.

Originally Posted by msufaisal

Closed several short from 1.5704 and continue short as we are trading under key level. Hope for the best.

Good stuff I agree if we look at the 5 min then we will most likely reach 1.56 as long as we trade under the 1.5640 high.

Originally Posted by root-minus

upload pictures


done .

Nice good stuff