GBP/USD trading

I am glad to hear that some of you guys are looking to sell the GBP/USD. I sold some more at the last top avg around 9639.

Maybe people will scare away from dollar sells because the US GDP is up on Wed.

But the WSJ says it doesnt look good for US GDP last quarter.

*cross fingers*
 
usdoutlaw - it was yeah. set up with the vegas 1hr ema combination, a buy signal was generated. I think it reached the 2nd fib level away from the market price.
 
THOAMS

that is an interesting technique

but it looks like more of a comfirmation signal that you are in the right trade

I am trying to use it right now on my GBP/USD short avg price 9642

lets see if this cable breaks down a little
 
60 pip range just set itself up this morning headed south, and its currently retracing nicely from the test to the 50% line. Watching for a continuation of market price down towards EMA tunnel.
 
Cable heading to 1.9420 area in about 1.5 weeks IMO

this is my estimation for tops and bottom

Mon 1.9729 1.9438
Tues 1.9704 1.9409
Wedn 1.9695 1.9407
Thus 1.9681 1.9389
Fri 1.9675 1.9390
 
if ok with some losses
might wanna use these

Monday 1.9647 1.9528
Tues 1.9622 1.9500
Wednesday 1.9613 1.9497
Thus 1.9599 1.9479
Fri 1.9593 1.9481

Wekk after this

Monday 1.9584 1.9477
Tues 1.9597 1.9461
Wednesday 1.9568 1.9568
Thus 1.9548 1.9548
 
these tend to work out for me, and I got entered long at 1.9646. Seconds before the spike disappeared :( awaiting breach of 1.97 today / tomorrow.
 

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THOAMS ...

If you look at the hourly cable chart you will see that there is a upward support trend line

Plus the 10 day EMA is now below the 20 day EMA and looking to cross upward.

There is also consolidation near the support of the above mention trend line

Looks Bullish but probably consolidating for the upcoming US numbers

Still buy interest could be waning after (notice two bullish price movements since the 21st of FEB)

however my hunch still says cable is too pricey for its macros
 
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