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GBP/USD - British Pound US Dollar

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1.6581 -0.0026    (-0.16%)
4:17:26 GMT - Real-time Data. ( Disclaimer )
Type: Currency
Group: Major
Base: British Pound
Second: US Dollar

  • Prev. Close: 1.6607
  • Bid/Ask: 1.6580 / 1.6582
  • Day's Range: 1.6578 - 1.6615
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GBP/USD 1.6581 -0.0026 (-0.16%)
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GBP/USD Discussions

GBP/USD
 
 
 
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Mehboob Khan
Mehboob Khan Sep 02, 2014 04:05AM GMT
Dear trader , where is goung this pair , up or down. thanks

Daniel Lüchinger
Daniel Lüchinger Sep 02, 2014 01:01AM GMT
I will go long at 1.6562 or near, i expect correction at this point, then up. In other words, during EU setion i will go short, and preparing to exit in the US setion and news to go up.
Daniel Lüchinger
Daniel Lüchinger Sep 02, 2014 01:29AM GMT
looks like correcting allready, now wait for supports
Daniel Lüchinger
Daniel Lüchinger Sep 02, 2014 01:50AM GMT
i will open first long here, because if rebound will be difficult to catch, i am thinking in openin 3 longs today, one at this point, one at 1.6562 and one at 1.6542 all ith stop loss at 1.6530.

Safiqul Islam
Safiqul Islam Sep 01, 2014 11:15PM GMT
@Alex Shefer, To speak frankly, I have started trading in the forex market about 2 months ago. I have already lost around $1000 but all that happened due to my ignorance. Now I am very determined not to lose money anymore. I have already spent a lot of time to research and understand the market. At present I am also spending a lot of time to research and understand the market. This is indeed a hard job to understand the forex market where 95% traders are loser and only 5% are winners. So to be among those 5% winners is not that easy job. However, I am trying and I am more stable now. Even I have started making profits now. I hope to continue it for long time.

Safiqul Islam
Safiqul Islam Sep 01, 2014 07:47PM GMT
@Serge Arkhipenko, That is fine. The market is slow now due to US and Canada Labor Day Holiday. However, I don't think it will go down very much now. It might go down slightly but within next 2-4 hours the trend will be up and will continue next few hours hopefully till one hour before UK Construction PMI news. Then the new trend will come after that news. Again we will have to look closely about interest rate rising in the UK. If the interest rates raise, GBP/USD will go up to 1.69 in a few days. Another things is that dollar index is now at the highest peak with the strong USD news but it will not last long. So we will find the change of trend sooner than later I think. Be careful what you should do and what you shouldn't do.
Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 08:07PM GMT
Thanks for a developed reply, with this attitude you should be a good trader. I am only learning so far, but I try to develop my own system on the basis of multiple signals. So far I don't really pay much attention to news, but they are a good signal to identify moments when you should be at least careful with your trading. But I agree to what you say.
Safiqul Islam
Safiqul Islam Sep 01, 2014 09:22PM GMT
That is great if you can learn everything properly and can trade without the signals of others. This is really good that you will not have to depend on someone else.
Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 10:15PM GMT
Exactly, otherwise I will never become stable. And success in Forex is achieved only if you remain in stable growth over years.
Safiqul Islam
Safiqul Islam Sep 01, 2014 10:42PM GMT
Yes this is very hard to make profit here. In fact this is almost impossible to make profit here because more than 95% people are loser here as the statistics says. I also believe that this is true. I don't know what other people say. So to be counted among those 4-5% winners are really a great achievement in this respect I think.
Daniel Lüchinger
Daniel Lüchinger Sep 02, 2014 01:11AM GMT
guys, i recommend having a look at myfxbook news, link myfxbook *** com and in home tab there are the news calendar is very complete (more than here). The good thing about the news is that it tell you how much volatility is going to be at certain moment, and if you compare the price action at the moment of news with what is the expected news to come, you can now wether to keep your stop loss tight or not, things like this. I use them a lot.

Alex Shefer
Alex Shefer Sep 01, 2014 06:56PM GMT
It can be small correction of all moving. But strong and bad news about pound help to go down. So Islam can u tell what is now?
Safiqul Islam
Safiqul Islam Sep 01, 2014 07:39PM GMT
Where have you found "strong and bad news"?
Alex Shefer
Alex Shefer Sep 01, 2014 07:56PM GMT
today. We come back now to 1.6606 from 1.6640. It was after hust one new and tommorow there will be 2 news: 1 pound and 1 dollar. Close to morning all position and wait.
Safiqul Islam
Safiqul Islam Sep 01, 2014 09:47PM GMT
If you read my full comments properly, you can understand what I say. Please read it once again.
Alex Shefer
Alex Shefer Sep 01, 2014 10:47PM GMT
I agree with u. U write all time good things. I want u fix sometimes me because i study also after 5 years trading.
Safiqul Islam
Safiqul Islam Sep 01, 2014 11:14PM GMT
To speak frankly, I have started trading in the forex market about 2 months ago. I have already lost around $1000 but all that happened due to my ignorance. Now I am very determined not to lose money anymore. I have already spent a lot of time to research and understand the market. At present I am also spending a lot of time to research and understand the market. This is indeed a hard job to understand the forex market where 95% traders are loser and only 5% are winners. So to be among those 5% winners is not that easy job. However, I am trying and I am more stable now. Even I have started making profits now. I hope to continue it for long time.

Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 06:35PM GMT
And the 8th and final for today reason to buy on a daily chart.

Safiqul Islam
Safiqul Islam Sep 01, 2014 06:04PM GMT
I have closed my sell position and opened a buy position. If anyone wants, one can go with buy position now with a stop loss 1.65875. However, after a few hours, I will have to reconsider my position once again. Thanks
Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 06:30PM GMT
Wow, wow, I have bought earlier, but my SL is nearly the same :)
Safiqul Islam
Safiqul Islam Sep 01, 2014 07:46PM GMT
That is fine. The market is slow now due to US and Canada Labor Day Holiday. However, I don't think it will go down very much now. It might go down slightly but within next 2-4 hours the trend will be up and will continue next few hours hopefully till one hour before Construction PMI. Then the new trend will come after that news. Again we will have to look closely about interest rate rising in the UK. If the interest rates raise, GBP/USD will go up to 1.69 in a few days. Another things is that dollar index is now at the highest peak with the strong USD news but it will not last long. So we will find the change of trend sooner than later I think. Be careful what you should do and what you shouldn't do.

Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 06:01PM GMT
Guys on 1H graph I see the round bottom formation starting from approx 19th of August (see chart). We also broke the resistance of the corridor we were in (see chart). We are above MA(50), and MA(20) has recently crossed MA(50) upwards. We are oversold daily, and we have just rebounded from MA(50) on weekly chart. I don't see any signs of resuming downtrend for nearest future unless we suddenly break everything and go to 1.658. I have my SL there.
blue joff
blue joff Sep 01, 2014 06:17PM GMT
What are you SMOKING !!!!!!
Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 06:31PM GMT
Why? I assume my analysis is rather logical, and I showed 7 reasons (counting daily candle I mentioned earlier) to buy currently.
Daniel Lüchinger
Daniel Lüchinger Sep 02, 2014 01:14AM GMT
lol i did not understand WTF is this formation
Daniel Lüchinger
Daniel Lüchinger Sep 02, 2014 01:16AM GMT
round bottom formation, first time heard about it

Mehboob Khan
Mehboob Khan Sep 01, 2014 05:27PM GMT
Thank you Safiqul Islam, I always follow you. thanks again
Safiqul Islam
Safiqul Islam Sep 01, 2014 05:29PM GMT
You are most welcome.

Serge Arkhipenko
Serge Arkhipenko Sep 01, 2014 05:24PM GMT
If the daily price closes around 1.662, on daily chart we have a candle indicating bullish opportunities. My comments are only my understanding, you can follow or not.
blue joff
blue joff Sep 01, 2014 06:15PM GMT
It will have to close at the daily high or above and the current level of rejection from today's candle looks very bad for you buyers who are jumping in and out of the market like you're gambling in a casino ,Trading is a Business not a Gamble .Be Patient and follow the trend ,very very simple!!!
 
 
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