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jafar00
post Jul 21 2009, 11:19 PM
Post #1


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Hi All

As per moderator request, I have opened a new thread for FXOpen discussion. This one is more centred on technical analysis and discussion of the market by FXOpen traders.

I'll start it off with a little technical discussion about gbp/usd.

See on the 1H chart, the uptrend channel has been well and truly broken! GBP is being hammered hard this morning.



It has also broken mid channel on 4H



The next support area I can see is around 1.6250 followed by the 1.6000 psychological support. Personally, I will be following it all the way down after taking the short trade based on the Inside Bar that appeared last night on the 1D Chart.



Good luck with your trades and enjoy the discussion and analyses in this thread along with other FXOpen traders like yourself!


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Posts in this topic
- jafar00   Fxopen Traders Community   Jul 21 2009, 11:19 PM
- - kkitq   The fact CIT maybe go bankrupt makes it possible f...   Jul 22 2009, 12:17 AM
- - Globalprofits   Take a look at this video of Bonehead Bernenke, th...   Jul 22 2009, 10:40 PM
|- - jafar00   QUOTE (Globalprofits @ Jul 23 2009, 08:40...   Jul 29 2009, 02:08 AM
- - kkitq   Although there is some uncertainty in the trend of...   Jul 23 2009, 05:01 AM
- - ashokshetty   For EUR/USD short around 1.43 you can get good...   Jul 23 2009, 05:12 AM
- - kkitq   Short EU at a higher positions such as 1.4300/1.42...   Jul 28 2009, 04:16 AM
- - ashokshetty   waiting to long USD/JPY   Jul 29 2009, 03:36 AM
- - Rusty39   I have had trouble opening site is it just me or i...   Jul 29 2009, 07:00 AM
- - SleepwithWolf   GBP/USD charting analysis Now G/U is close to the...   Aug 2 2009, 03:36 PM
- - kkitq   QUOTE (ashokshetty @ Jul 31 2009, 04:59 A...   Aug 3 2009, 03:03 AM
- - ashokshetty   short GU EU UJ and long USD/CAD join now z...   Aug 3 2009, 03:16 AM
- - SleepwithWolf   EUR/USD Weekly charting analysis E/U break throug...   Aug 3 2009, 03:35 PM
- - SleepwithWolf   EUR/USD Hourly charting analysis E/U still in up-t...   Aug 4 2009, 03:35 PM
- - SleepwithWolf   GBP/USD charting analysis Continue long G/U... b...   Aug 5 2009, 04:45 PM
- - SleepwithWolf   GBP/USD Hourly charting analysis A big retracemen...   Aug 6 2009, 02:49 PM
- - kkitq   The economic datas from Britain are better than ex...   Aug 7 2009, 03:30 AM
- - SleepwithWolf   EUR/USD H4 charting analysis buy limit 1.4100 ,...   Aug 9 2009, 02:58 PM
- - kkitq   I made the wrong direction for GU, losing so many ...   Aug 10 2009, 04:56 AM
- - SleepwithWolf   GBP/USD H4 charting analysis buy limit 1.6450, S...   Aug 10 2009, 02:55 PM
- - ashokshetty   continue to long EUR/USD today   Aug 11 2009, 03:26 AM
- - kkitq   I don't understand why EUR/USD and GBP/USD fel...   Aug 11 2009, 05:52 AM
- - SleepwithWolf   EUR/USD H4 charting analysis continue long E/U......   Aug 11 2009, 03:17 PM
- - kkitq   I won't long EU at the current price, waiting ...   Aug 12 2009, 05:05 AM
- - SleepwithWolf   GBP/USD H1 charting analysis buy limit 1.6460, S...   Aug 12 2009, 03:34 PM
- - kkitq   Both EU and GU are rising sharply again, and seems...   Aug 13 2009, 04:29 AM
- - SleepwithWolf   USD/JPY Daily charting analysis sell U/J 95.30 , ...   Aug 13 2009, 03:29 PM
- - kkitq   The resistance and support of EU resistance: 1.4...   Aug 14 2009, 04:01 AM
- - SleepwithWolf   GBP/USD H4 charting analysis buy G/U 1.6515, S/L...   Aug 16 2009, 02:59 PM
- - kkitq   I don't think it is a good choice to long GU n...   Aug 17 2009, 01:53 AM
- - SleepwithWolf   AUD/USD H4 charting analysis sell limit 0.8300, s...   Aug 17 2009, 03:31 PM
|- - mishael1977   QUOTE (SleepwithWolf @ Aug 18 2009, 12:31...   Aug 17 2009, 05:24 PM
- - kkitq   GU is strengthening again due to the economic data...   Aug 18 2009, 03:24 AM
- - SleepwithWolf   EUR/USD H4 charting analysis buy stop 1.4150, sto...   Aug 18 2009, 03:46 PM
- - kkitq   My short trades on GU got nice profits. I will tak...   Aug 19 2009, 03:52 AM
- - SleepwithWolf   GBP/USD H4 charting analysis buy limit 1.6490, S...   Aug 19 2009, 03:29 PM
- - kkitq   EU has risen above 1.4230 now and consolidate arou...   Aug 20 2009, 02:56 AM
- - SleepwithWolf   EUR/USD H4 charting analysis sell limit 1.4300, st...   Aug 20 2009, 03:29 PM
- - kkitq   I made a short trade on GU at 1.6561. I think the ...   Aug 21 2009, 05:01 AM
- - SleepwithWolf   GBP/USD H4 charting analysis buy 1.6500, S/L 1.6...   Aug 23 2009, 03:50 PM
- - kkitq   I closed my short order on GU just now and got nic...   Aug 24 2009, 01:31 AM
- - SleepwithWolf   EUR/USD H1 charting analysis sell stop 1.4280, sto...   Aug 24 2009, 03:21 PM
- - kkitq   Does someone suggest to long GU at the current pri...   Aug 25 2009, 03:12 AM
- - SleepwithWolf   EUR/USD H4 charting analysis sell E/U 1.4290, stop...   Aug 25 2009, 03:34 PM
- - kkitq   QUOTE (kkitq @ Aug 25 2009, 03:12 AM) Doe...   Aug 26 2009, 04:43 AM
- - SleepwithWolf   USD/JPY Daily charting analysis sell stop 93.70 ,...   Aug 26 2009, 03:30 PM
- - kkitq   Focus on the revised GDP which will be released by...   Aug 27 2009, 04:10 AM
- - ok1234ok   Someone lose a lot of money with fxopen, just goog...   Aug 27 2009, 10:18 AM
- - SleepwithWolf   AUD/USD H4 charting analysis sell limit 0.8430, st...   Aug 27 2009, 03:49 PM
- - kkitq   I closed my long trade on GU, and got 59 pips prof...   Aug 28 2009, 02:14 AM
- - kkitq   I made a short order on GU at 1.6352 on Friday. I...   Aug 29 2009, 06:47 PM
- - SleepwithWolf   GBP/USD H4 charting analysis sell limit: 1.6550,...   Aug 30 2009, 03:45 PM
- - kkitq   I have closed my short trade on GU, getting 150 pi...   Aug 31 2009, 02:32 AM
- - SleepwithWolf   AUD/USD H4 charting analysis sell 0.8430, stop los...   Aug 31 2009, 04:01 PM
- - kkitq   I am considering to long UJ at a lower positions, ...   Sep 1 2009, 03:09 AM
- - SleepwithWolf   AUD/USD H4 charting analysis sell limit 0.8340, st...   Sep 1 2009, 03:30 PM
- - kkitq   Long GU at around 1.6110 if it falls to this area ...   Sep 2 2009, 02:04 AM
- - SleepwithWolf   GBP/USD H4 charting analysis sell limit: 1.6320,...   Sep 2 2009, 03:37 PM
- - kkitq   GU has rise above 1.6350, nearly to 1.6400, maybe ...   Sep 3 2009, 03:13 AM
- - SleepwithWolf   AUD/USD H4 charting analysis sell limit 0.8450, st...   Sep 3 2009, 04:06 PM
- - kkitq   I still hold a long trade on UJ at 92.44 which has...   Sep 4 2009, 03:43 AM
- - SleepwithWolf   GBP/USD H4 charting analysis sell limit: 1.6490,...   Sep 6 2009, 03:56 PM
- - kkitq   Sleepwithwolf, agree with you. I will short it at ...   Sep 7 2009, 02:25 AM
- - SleepwithWolf   USD/JPY H1 charting analysis buy limit 92.60 , S/...   Sep 7 2009, 08:12 PM
- - kkitq   GU is rising to 1.6600 and EU also rising to 1.45...   Sep 8 2009, 04:22 AM
- - SleepwithWolf   USD/JPY H4 charting analysis buy U/J 92.30 , S/L ...   Sep 8 2009, 05:39 PM
- - kkitq   I hold two short orders on GU now. One made at 1.6...   Sep 9 2009, 03:19 AM
- - SleepwithWolf   USD/CAD H4 charting analysis buy U/CAD 1.0790 , S...   Sep 9 2009, 03:45 PM
- - kkitq   I want to long UJ today, but I will wait a lower p...   Sep 10 2009, 03:07 AM
- - SleepwithWolf   USD/CAD H4 charting analysis buy limit 1.0710 , S...   Sep 10 2009, 08:37 PM
- - kkitq   I still want to long UJ today. It has fallen below...   Sep 11 2009, 03:01 AM
- - kkitq   I made some lose orders this week. Hope I can get ...   Sep 13 2009, 02:58 AM
- - SleepwithWolf   GBP/USD H4 charting analysis sell 1.6670, S/L 1...   Sep 13 2009, 03:28 PM
- - kkitq   Some of my orders made last week are turning to ge...   Sep 14 2009, 01:48 AM
- - SleepwithWolf   GBP/USD H4 charting analysis sell limit 1.6645, ...   Sep 14 2009, 03:51 PM
- - kkitq   I hold three long orders on UJ, and two of the thr...   Sep 15 2009, 03:56 AM
- - SleepwithWolf   GBP/USD H4 charting analysis sell limit 1.6600, ...   Sep 15 2009, 04:30 PM
- - kkitq   EU was up to 1.4700 which is a good position to sh...   Sep 16 2009, 01:48 AM
|- - SleepwithWolf   QUOTE (kkitq @ Sep 16 2009, 01:48 AM) EU ...   Sep 16 2009, 06:20 PM
- - SleepwithWolf   GBP/USD H4 charting analysis sell 1.6480, S/L 1...   Sep 16 2009, 06:17 PM
- - kkitq   UJ is rising sharply, I will close one of the thre...   Sep 17 2009, 03:42 AM
- - SleepwithWolf   GBP/USD H4 charting analysis continue short GU, ...   Sep 17 2009, 03:17 PM
- - kkitq   primarylogic, I don't think GU will straightly...   Sep 18 2009, 02:21 AM
- - SleepwithWolf   USD/JPY H4 charting analysis sell limit 91.60, SL...   Sep 20 2009, 03:30 PM
- - kkitq   My long trade on UJ give me so much profits, more ...   Sep 21 2009, 01:40 AM
- - SleepwithWolf   USD/JPY H4 charting analysis sell limit 93.20, SL...   Sep 21 2009, 03:25 PM
- - kkitq   I want to continue to long UJ at a lower point. If...   Sep 22 2009, 03:56 AM
- - SleepwithWolf   GBP/USD H4 charting analysis sell limit 1.6390, ...   Sep 22 2009, 03:22 PM
- - kkitq   I made a short trade on EU at 1.4810 and hope I ca...   Sep 23 2009, 01:51 AM
- - SleepwithWolf   USD/JPY H4 charting analysis buy USDJPY 91.40, S...   Sep 23 2009, 03:36 PM
- - kkitq   My short trade also got nice profits. I will long ...   Sep 24 2009, 02:55 AM
- - SleepwithWolf   AUD/USD H4 charting analysis sell limit 0.8686, st...   Sep 24 2009, 03:19 PM
- - kkitq   Lose so much. Maybe I should close the order on UJ...   Sep 25 2009, 02:19 AM
- - SleepwithWolf   EUR/USD H4 charting analysis sell limit 1.4750, ...   Sep 27 2009, 03:37 PM
- - kkitq   I am confused about the movement of all currency p...   Sep 28 2009, 02:08 AM
- - SleepwithWolf   EUR/USD H4 charting analysis sell limit 1.4720, ...   Sep 28 2009, 03:52 PM
- - kkitq   EU is falling, GU and UJ is rising. I don't kn...   Sep 29 2009, 02:59 AM
- - SleepwithWolf   USD/CHF H4 charting analysis buy limit 1.0270 , S...   Sep 29 2009, 03:22 PM
- - kkitq   I want to long UJ at a low positions.   Sep 30 2009, 05:06 AM
- - SleepwithWolf   EUR/USD H4 charting analysis sell limit 1.4760, ...   Sep 30 2009, 03:56 PM
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