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03-28-2013, 03:03 PM #5686
London session review and outlook March 28 - 2013
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.
Currency Strategist | DailyFX Forum (London)
03-28-2013, 09:12 PM #5687
ST GBPUSD 1.52130
Last edited by credit index FT; 03-28-2013 at 11:02 PM.
03-29-2013, 07:52 AM #5688
03-29-2013, 09:49 AM #5689
Although I'm inclined to agree with you Greg on the 240 for a little push higher on Cable, I also have a strong feeling any moves higher are going to take advantage of any weak longs for one final push lower. I'm no EW strategist but do note the counts on the longer time frames as I find them more reliable. Price maybe flirting with the down trend line but the 5 sma (blue line) is looking ominous for one more poke down for a double bottom. Until it crosses the 35 sma (red line), I'm not convinced the major trend is over and the scenario would also help EUR/USD make a shot at previous support low at 1.266** and turn around. Just thinking aloud and I can see my 4 count being replaced slightly higher but after that ?
Originally Posted by Gregory McLeod
03-29-2013, 09:56 AM #5690
Originally Posted by credit index FT
BACK AND FORTH + 10
03-29-2013, 04:01 PM #5691
Beautiful pattern setting up on the 4 hour chart of GBP/USD
Looking to get long at 1.5050 in early April.....
03-29-2013, 04:25 PM #5692
what the.... how come Im suddenly paying a spread of 10pips on gbpusd????
look at the difference on the 5min between the ask and bid chart... can anyone explain to me why its doing this? something to do with the holidays?
Last edited by carlh; 03-29-2013 at 04:38 PM.
03-29-2013, 04:49 PM #5693
grr... entry order hit... instantly -11pips in the red luckily jumped down 5 pips straight away but still this spread is mentalist :S
03-29-2013, 04:52 PM #5694
closed for +6pips .. no idea how I managed that :P ... so basically it went down 17pips since it hit my entry 2 mins ago... that was lucky
Originally Posted by carlh
03-31-2013, 06:54 PM #5695
nice supply and demand trade on the GBP/USD
After Fridays holiday markets we have a nice set-up as far as supply and demand trading goes for the GBP/USD yes the pair on the 4HR chart ran right up into supply right at the 1.5200 level look for it to back back down into the untested demand level at 1.4900 was trying to upload the attachment but for some reason this forums basic upload tool isn't uploading attachments for me. so you'll have to open up the 4hr GBP/USD chart yourself and put supply demand lines in at those levels yes there is one other level in there at around 1.5100 but price already absorbed some of the demand there after a couple touches so it should go through that level and head down to the demand level at 1.4900
04-01-2013, 08:43 AM #5696
Just noticed on the sliver daily it might get interesting in a few days reaching the bottom of its range for a very nice risk reward
meanwhile in gbpusd.. making some pips shorting this range its been in
I guess this means I'm a range trader or something? I like the simplicity... in an overall down trend sell at the top, profit at the bottom in an up trend buy at the bottom, take profit at the top
04-01-2013, 10:22 AM #5697
Please use our new GBP and JPY thread to share ideas and talk about trading GBP and JPY pairs. When and if the new thread starts to become too large we will create new separate threads. Also having fewer threads to focus on, Gregory and myself, will be able to help more traders.
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