GBP/USD trading

Quote from salvar:

I have to admit I would not want to be short at the moment. Good luck.

Edward
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Still good movement, but looks like its coming to a stop soon as we near the BOE news.
 
I'm sort of new to these forums, I don't know if it is acceptable to discuss our own opinions / trades. So I'll have a go anyway!

"down to 1.98 by 6pm gmt" - me, earlier. Time is 7pm gmt, that retrace hit 1.982 and I closed for seventy pips profit :D

Awaiting: Tomorrow

edit: edward, check timestamps - I'd hate to have gone short at 5:42 too!
 
Quote from Jon Reed:

Still good movement, but looks like its coming to a stop soon as we near the BOE news.
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Lets wait for tomorrow Mate!!!

There is no important news this week thats why market is different....But we should not loose the TREND anyway...he is only our friend!!! :)
 
My system indicates that GBP will move up tomorrow again...Lets wait a little bit and find the best level to enter!

RGDS & GL

NIK
 
Quote from thoams:

edit: edward, check timestamps - I'd hate to have gone short at 5:42 too!
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Fair enough. Everything is timing related for both entries and exits.
 
US interest rates implied by the market will be heading higher.

The easiest thing to do in this pair is to buy it, since it tested 1.99 and retraced close to 100 pips.

The hardest thing to do is to sell it. Since the current trend is down. If you look at the previous consolidation zone, it did something similar, it broke the stops on the upside then proceeded to head down and consolidate before making a final definitive push up.

So another few hundred pips to the downside is possible. Since the focus will shift to the Federal Reserve.

Chris
 
My current res and sup levels:

R3 = 1.9863
R2 = 1.9828
R1 = 1.9806
S1 = 1.9764
S2 = 1.9742
S3 = 1.9707

What do you guys think? Comments much appreciated :)

Btw, I'm currently long GBP/USD and hope that it'll hit 1.9863 soon, will have to watch for BOE news before seeing if it will break 2.0!
 
Quote from Jon Reed:

My current res and sup levels:

R3 = 1.9863
R2 = 1.9828
R1 = 1.9806
S1 = 1.9764
S2 = 1.9742
S3 = 1.9707

What do you guys think? Comments much appreciated :)

Btw, I'm currently long GBP/USD and hope that it'll hit 1.9863 soon, will have to watch for BOE news before seeing if it will break 2.0!
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We can now enter long for 1.9930 at least...

GL & GT
 
Quote from Jon Reed:

You think the BOE will bring that big of a rise?
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I am not trading news...It is my technical view, but everything may happen...

For now there is nothing to brake uptrend!

RGDS
 
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