GBP/USD Trading

[darrell]

I would think longs needed a break by now....fib from the sep,08 high puts the currency approaching the .618 fib @ 1.6700 area...I personnally looking for this to dive...pretty bowl shape on the weekly..solid long candles...maybe she just blast on thru the fib resistance and put the usd in the tank

I'll be watching

Darrell

[wytco0]

Well I am staying long on cable with a 200 point SL.

Looking for proce action to indicate a change but at the moment long seems the right direction for me. I did get stopped out last week but re entered next day, still be very profitable for me.

[wytco0]

Originally Posted by wytco0

Well I am staying long on cable with a 200 point SL.

Looking for proce action to indicate a change but at the moment long seems the right direction for me. I did get stopped out last week but re entered next day, still be very profitable for me.

How wrong I was, stopped out this afternoon !

[sahri]

any news about GU

[AshFX]

Expect a bounce off 23.6...

[AshFX]

Pulling up the monthly chart on GBP/USD, we can see how it’s tested the (red) trendline on a few occasions over the past couple of years. Even in November ALREADY it's been tested. Taking a look at the indicators at the bottom of the screenshot (attached), you can see that the Stochastics are smoothly pointing down, yet far from oversold, indeed they're above the half way line. In addition the AC has just turned red last month, and is above the half-way line. I'm confident of some bearish pips here people...

[djdorey]

GBPUSD sell?

[tomo1]

in the very short term yes, but beware of the coming up announcements from the fed, BCE, ECB...

[tomo1]

gbp/usd:
support to watch 1.6270
other than that looks pretty bullish

[pipchaser]

I wish someone could direct me to a trading strategy that works consistentlyon the profit side. I have attempted to utilize the ASHFX system with bad results. If I buy it immediately goes south, if I sell it heads higher and the indicators mean nothing..HELPPPPP