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GBPUSD TradingbDiscussion


darmawan

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I like to trade GU too. Do you think buy or sell now ?

 

I think you have to decide for yourself. Why u want to buy or sell.

 

If not, you will never learn, you will blame us if it went the other way. Also if we are not around, you cannot trade as you do not know which direction to trade.

 

My direction is still bullish too.

Smile

Chankl78

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I think you have to decide for yourself. Why u want to buy or sell.

 

If not, you will never learn, you will blame us if it went the other way. Also if we are not around, you cannot trade as you do not know which direction to trade.

 

My direction is still bullish too.

Smile

Chankl78

 

yes, thanks chankl78, i hope every one understand what this thread for...=D>=D>=D>

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Excellent a post for trading GU,,, I had bullish for today too, but not sure what its upto now anymore views ?

 

glad that you like this thread, i thing we will look for another chance for bullis next day it look like cable had little concolidation here...

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GBP/USD PERSONALITIES

 

The most recent Bank for International Settlements(BIS) survey shows that the GBP/USD with 14% of total daily volume is the third most traded major currency pair. The GBP/USD is one of the most volatile currency pairs generating many false breakouts and wild movements, therefore, it is not recommend to start trading this pair unless you are a very experienced currency trader.

 

 

Characteristics

 

Average broker spread: 4-5 pips

Daily range average : 150-200 pips

Best time to trade: Euro Session (0700 GMT - 1700 GMT)

Some factors affecting the GBP/USD rate:

 

* The interest rate differential between the Bank of England(BoE) and the Federal Reserve

* High yield and attractive growth in the UK drives GBP/USD higher

 

 

Trading the GBP/USD

 

Trading Experience: Expert currency traders

Trading Style: Day trading and Swing trading

 

How to trade?

 

Applying Technical Analysis and/or Analyzing Fundamental News from the UK and US zone to make GBP/USD trading decisions. Watch out for false break outs! Surprising economic news releases can make the GBP/USD move a lot in one direction without much retracements.

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Hi Darmawan...

 

I cannot see any retracement level from my GET today. All waves is completed from M15 all the way to H4....

But no signs of weakness to come down for a small retracement.

 

It seems that it will goes up straight when london session opened. Any target entry you see from yrs?

 

Smile

Chankl78

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