All Trades for GBP/USD

hi my name is wallboroff and i would like to start a new thread about GBP/USD.

everybody is able to put his ENTRYPOINT in here for GBP/USD, it doesn´t matter what system!!!!

what do you guys think? nothing new though, but could be getting ineresting.

just your entry and your thoughts why!!!!

I have no open position. i use mouteki. stochastic and adx as filters.

stoch has crossed in an overbought mood. directional movement system is still in a long position. wait until +di crosses under -di. hopefully there will be a mouteki signal as well for a sure guess.

Can you please explain what a "sure guess" is exactly?

can someone explain me how i can put images in to my posts

thanks

Well,

I'll go short. Chart at 240min, RSI signals overbought conditions (73.94) since 11/22/06, 08AM and MACD is in positive territory, trading above EMA 50 and 100, ocassionaly breaking upper BB twice.
Upside momo appears to be ending.
MACD in transition from positive to negative, within BB range, RSI with reading below 70. Fibo 0,618 support at 1.92276.
Short @ 1.93680
Stop @ 1.94000
Target 1 @ 1.93000
Stop @ breakeven
Target 2 @ 1.9280 (a bit ahead of EMA20)

These are just my thoughts, don't place money on this trading ideia if you don't agree with it.

nice, but a little to early for me. i wait for the next candle to open below my demandline. stoch already crosse in an overbought mood. just waiting for the mouteki signal and dms to cross.

maybe 20.00 gmt +1 i´ll be short but not yet

here is what i mean

I understand what you mean. I went short at the openning of the 16PM candle.
Go for it. My money is already in.

Good trading!

Through My Study And Reading Charts The Usd Will Gain Against The Gbp!! Looks Like Atleast A 100-170 Pip Fall This Week. My Entry Is @1.9430 With A Limit Set @1.9180. The Spill Should Start Once We Get Some Action Below 1.9346. Good Luck To All.

I agree with what you see, if only because a move as large as what has occurred is almost begging for a retracement. This long after the primary move, Immediately after a move a retracement usually occurs without any trigger. When the retracement is as delayed as this one, I usually expect it to be triggered by some occuring in the fundamentals. I just do not see anything this week which is likely to do it.

Does anyone see anything which is likely to trigger the move down, or is it just going to occur without any trigger. The entire move up seemed to have very little reason to be in the first place. The USD may have been over valued, but that would logically call for a gradual correction, not the tornado which we have just seen.
The cable range has diminished significantly signaling an upcoming move. Does anyone see this as anything other than a technical move, or is there some fundmental basis for it?

BOE's Lomax just called for a pause in interest rate hikes. This is definitely pound negative.

BOE's Lomax: risk of higher pay growth may not materialize; mustn't raise rates as insurance against pay rises; may miss inflation target if rates are increased; rate increase may cause unnecessary volatility; no convincing evidence economy is overheating; still no real signs of labor market pressure; medium-term inflation outlook has improved; odds have lengthened for inflation above 3%

where did u get this info I am interested in seeing where you found this out would like to read it if possible?

http://news.efxnow.com/en/commentary/index.html

You could read her whole speech here: http://www.bankofengland.co.uk/publi...s/2006/131.htm

I agree with you guys, here are some reasons fundamentally:
- durable goods, aircraft orders are up, thats not good for gbp
- Saudi scandal, selling GBP
- interest on hold new news

Technically:
- take a look at EURGBP daily, rising of a descending traingle, we should see real divergence from Euro from here, could be at start of 3rd wave, rising quickly to upper limit of larger triangle and beyond
- on GBPUSD daily, ascending triangles are typically end moves, with a spike at the end sometimes. This is only a guideline

I am an Elliot guy, am in the wrong thread?

Anyhow, good luck

mornig guys and girls, it seems like this thread is going to be a discussion place, but thats not what i had in mind.

PLEASE, put only your entrys in here and your techniques. ofcourse you can discuss these things, but only for technical trading.

SORRY if i´m confronting some of you but if everyone is just discussion the possible course of GBP/USD, there you have CABLE UPDATE or some other threads.

THANKS TO ALL AND GOOD TRADING!!!!!!

Current Trade:
Entry Short @ 1.9358
SL moved down from 1.9420 to 1.9410
Exit: Looking at 1.9190


Another GTC entry order
Entry Long @ 1.9430
SL: 1.9375
TP > 1.9900 (Will closely watch the 1.9550 level for reversal.)

No Trailing stops set, but will move S/L to break even point as soon as I'm in a 50 pip profit.

what system did you use to know where to enter

I only use price action and key resistance/support levels to determine my trades. Had it broken the 1.9200 barrier slowly and steadily, I would've been highly bullish, but I think this move was overdone, as it moved so much in just a couple of days. (and it was simply "noise".) This could very well prove to be the final phase of the bullish trend. And we could see the cable touch the 1.8000 level as I had previously predicted.

I deleted my previous post, as this thread was made only to post trades. I apologize for all the irrelevant material I posted previously.

The pound may range in between the 1.9180 & 1.9470 levels for a while.