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TOPIC: GBPUSD

pound is at the lowest level against the dollar since 1985 29 Mar 2017 02:04 #1

I don't think so, from what I have read there have been really a battle between these two currencies. But British pound is consistently stronger than the U.S. dollar.

Source not mine: www.itrader.com/en/article/pound-dollar?country-options=en
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GBPUSD 14 Mar 2017 22:44 #2

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Cable - gbp-usd.

Key level of 1.1975 coming up, possibly worth a long there...
Need tight stops, i think it will break down imvho....
For well over a year, this has been holding in range bound phases, before breaking down.
I think the same is likeey here, and worth a short below 1.195 imho....

atb, wdik, dyor,
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cable14mar2017.PNG
Last Edit: 14 Mar 2017 22:44 by Trendfriend.
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GBPUSD 14 Feb 2017 08:21 #3

GBPUSD support 1.2500 below 1.2500 down trend resistance 1.2550

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GBPUSD 02 Feb 2017 11:15 #4

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Possible first attempt trade, use tight stops.

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pound is at the lowest level against the dollar since 1985 03 Nov 2016 11:40 #5

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actually maybe the 1,2, 3 low is at 1.245 :oops:

uk.advfn.com/p.php?pid=chartscreenshotsh...KM6bwBNgUoCWuISa2sA=

that looks to be the level to beat, maybe this is still range bound for now.

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pound is at the lowest level against the dollar since 1985 03 Nov 2016 10:42 #6

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looks like a nice 1,2,3 low here ;) ;)

should hit the 50 day ema as a initial target.

atb, wdik, dyor,
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gbpusd3nov2016.PNG
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pound is at the lowest level against the dollar since 1985 07 Oct 2016 12:40 #7

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i suspect once brexit happens pound will be on par with the dollar :unsure: £1=$1
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pound is at the lowest level against the dollar since 1985 07 Oct 2016 12:38 #8

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This was a perfect trade :cheer: :cheer:
Now im waiting for the back test of the initial breakout...
so netted over 600 points :) :)



dl.dropboxusercontent.com/u/4899609/gbpusd7thoct2016.png
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pound is at the lowest level against the dollar since 1985 04 Oct 2016 10:09 #9

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broke out of strong support...Could go a lot lower. Im short with stops of 40 points
Possible target of 1.22 so around 600 points.

dl.dropboxusercontent.com/u/4899609/usdgbp4thoct2016.png
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Last Edit: 04 Oct 2016 10:11 by remo.
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pound is at the lowest level against the dollar since 1985 04 Aug 2016 18:07 #10

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gbp:usd daily.

looks like a bear flag breakdown today, worth a short even now at 1.3120 imho.
Consistant failure at the 20 day ema line, and rsi support t/line breakdown.
this could go substantially lower now imho, possibly as low as 1.10/105 area mid term imvho.

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gbpusddaily4aug16.PNG
Last Edit: 04 Aug 2016 18:10 by Trendfriend.
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pound is at the lowest level against the dollar since 1985 02 Aug 2016 20:52 #11

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possible 123 low formation...heres hoping :unsure:


dl.dropboxusercontent.com/u/4899609/gbpusd2aug2016.png
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pound is at the lowest level against the dollar since 1985 04 Jul 2016 10:08 #12

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Now things have settled down a bit im looking for any short term profits any way :)
This is still 250 points in profit from the perfect short area at 1.35. This should be a free trade now .


dl.dropboxusercontent.com/u/4899609/gbpusd4thjuly2016.png
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pound is at the lowest level against the dollar since 1985 27 Jun 2016 14:43 #13

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I would not go long on the pound at all. In my eyes its looking like its heading towards £1= $1. The main support at 1.35 has broken and the next real strong support is at 1.05.
Its been hard to find a good entry to short this and im looking to short this if it re-test the break out point at 1.35. Stops would have to be massive as due to the crazy volatility associated with exit of Europe.


Quarterly chart so as you can see where the next main support comes in at..It goes back to 1985 :ohmy: :ohmy:


dl.dropboxusercontent.com/u/4899609/gbpusd27thjune2016.png


daily chart

dl.dropboxusercontent.com/u/4899609/gbpusd27thjune2016daily.png
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GBPUSD 01 Mar 2016 11:57 #14

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if your looking to buy euro , its currently at a resistance now so a good level to buy if you had too for holiday,but the overall trend for gbp/eur is down so needs to clear the down trend for it to signal a change.
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GBPUSD 24 Feb 2016 11:44 #15

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no turn around here today...£ suffering.. :silly: :blink: perhaps I should start buying those Euros now, could be parity come August ? :dry:
Last Edit: 24 Feb 2016 11:45 by AdeMcG.
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GBPUSD 23 Feb 2016 23:05 #16

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all I want to know is...when to buy my Euro's for holidays :)

And yes I know this is £ vs $ but if the £ goes up against the $ then against the Euro the £ will be stonger....right ? :silly: :dry:
Last Edit: 23 Feb 2016 23:07 by AdeMcG.
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GBPUSD 23 Feb 2016 22:15 #17

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This has been dumped hard, however i think it may be about turn around... ;)
The weekly shows this is on the falling support channel trendline.
uk.advfn.com/p.php?pid=chartscreenshotsh...xyHcAaIuImxh5H1AvbI=

The daily shows a massive Bullish divergence.
uk.advfn.com/p.php?pid=chartscreenshotsh...ikLoG5l6M26k+ExcXtg=

So i'm long @ 1.4018, with my stop just below $1.40.

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Last Edit: 23 Feb 2016 22:20 by Trendfriend.
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GBPUSD 25 Jun 2015 18:28 #18

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This is going to pump big style, over coming days. Watch one hour chart for entry....

Dyor imo

B)
Ws on travels
Last Edit: 25 Jun 2015 18:28 by WaveSurfer.
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GBPUSD 04 Jun 2015 09:59 #19

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Free trade now :cheer: :cheer: :cheer: :cheer:





dl.dropboxusercontent.com/u/4899609/gbpusd4thjune2015.png
remo wrote:
Im long from the re-test of the 50day moving average. This came after the bullish engulfing pattern yesterday and the fact that it went half way down the candle today and the 50day moving average was at roughly the same place. The area where this bounced yesterday is the 50% fib as well.
so my stop is below yesterdays low so around 100 points.
ive drawn the trend line from yesterdays touch
Im hoping all these factors should give the currency a bit of support from here and move this higher.
My target for this is the 200 Exponential moving average which is at 1.5523
currency are not for the faint hearted :P :P

dl.dropboxusercontent.com/u/4899609/gbpusd3rdjune2015.png
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GBPUSD 03 Jun 2015 13:04 #20

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Im long from the re-test of the 50day moving average. This came after the bullish engulfing pattern yesterday and the fact that it went half way down the candle today and the 50day moving average was at roughly the same place. The area where this bounced yesterday is the 50% fib as well.
so my stop is below yesterdays low so around 100 points.
ive drawn the trend line from yesterdays touch
Im hoping all these factors should give the currency a bit of support from here and move this higher.
My target for this is the 200 Exponential moving average which is at 1.5523
currency are not for the faint hearted :P :P

dl.dropboxusercontent.com/u/4899609/gbpusd3rdjune2015.png
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GBPUSD 14 Mar 2015 16:47 #21

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Hi TF!

Glad to hear all is well with you. Missed your input in the Chatroom, so hopefully will see you there soon!

Yeah, it the USD is spanking the hell out of everything - including GBP.

I placed my stop at 1.4690 because of the June 2010 break out; given how close it now looks to stopping me out, I have a few options:

1. Close ASAP and realise the loss
2. Move the stop loss further down to protect my position
3. Let it be, and let the chips fall where they may.

I've gone with option 2, and moved it to: 1.4350


Take care and best of luck - here's hoping it plays out for both of us!
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GBPUSD 13 Mar 2015 12:09 #22

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Hi Libero,

I'm good thanks, hope your keeping well buddy..

Just wondering, why your stop is 1.4690??
I think this could tumble quickly if 1.4790 (ish) breaks, could head to low 1.40's possibly :ohmy:

Just about holding on now.
ATB,
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GBPUSD 13 Mar 2015 11:47 #23

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TF!

Hope you're well man.


In preparation, I did state this yesterday afternoon, but it looks good for light entry at this level (1.48245):

The ol' greenback continues to hammer everything in sight....

Cable trade? strong support at 1.48.

Long from there with a stop at 1.46900.

www.iii.co.uk/investment/detail?code=cot...lay=discussion&it=li

Good luck all!
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GBPUSD 13 Mar 2015 10:51 #24

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Weekly chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...=&symbol=FX%5EGBPUSD

Long here @ 1.4820. stop below 1.4790.

This bounced of the long term support line... ;)

Regards,
Trendfriend :)
Last Edit: 13 Mar 2015 10:51 by Trendfriend.
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GBPUSD 06 Feb 2015 11:48 #25

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Being risk averse I am waiting for the close above the trend line. Nice heads up Remo.
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GBPUSD 06 Feb 2015 10:36 #26

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Great trade :P :P :P :P
should be a free trade now :P



dl.dropboxusercontent.com/u/4899609/gbpusg6thfeb2015.png
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remo
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GBPUSD 04 Feb 2015 10:33 #27

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keep an eye out for a 123 low breakout..
trendline is near by as well


dl.dropboxusercontent.com/u/4899609/gbpusd4thfeb2015.png
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GBPUSD 19 Jan 2015 11:37 #28

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Possible 123 low formation??
This is one to watch over the next few days as a break out could send this to test main down trend which has been in play since july 2014 and a break of this could signal a possible change in trend.
So one to watch . Obviously you cant pre-empt the trade.Early signal would be the 123 low breakout and then place the stops below the 2 point.


dl.dropboxusercontent.com/u/4899609/gbpusd19thjan2015.png
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GBPUSD 19 Dec 2014 12:11 #29

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your DOW trade wasn't though :woohoo:
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GBPUSD 19 Dec 2014 11:26 #30

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this trade was a losing trade :angry: :angry: :angry:
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GBPUSD 16 Dec 2014 17:29 #31

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im long on this now. Stops are below the 2 point which is at 155999 so roughly 150 points away.


dl.dropboxusercontent.com/u/4899609/gbpusd16thdec2014.png
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remo
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GBPUSD 15 Dec 2014 12:22 #32

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still watching this :cheer: :cheer:
this is at the 61.8 fib area and possible 123 low forming on this right near the down trend line.So if a 123 low breakout comes it could be powerful as that would be a trend line break as well and could signal a change in trend.


dl.dropboxusercontent.com/u/4899609/gbpusd15thdec2014.png
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GBPUSD 27 Oct 2014 12:57 #33

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One to watch,,,,possible 123 low formation and its at the point of the break of the main current down trend line as well so could signal an advance of the pound against the dollar. so keep an eye on this over the next few days or put in a market order with 40 pips stops.


dl.dropboxusercontent.com/u/4899609/gbpusd27thoct2014.png
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GBPUSD 16 Oct 2014 18:17 #34

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Cautious Long @1.6078 as its near an oblique resistance which sits at 1.6127

SL of 40 points


image_2014-10-16.jpg
dyor
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GBPUSD 11 Sep 2014 14:15 #35

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Hi TF

Mind the Gap - Resistance at 1.6283

I cant see the Gap on your advfn chart!!

this could be just be a gap fill bounce
dyor
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GBPUSD 11 Sep 2014 14:05 #36

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Long on the RSI breakout.
uk.advfn.com/p.php?pid=chartscreenshotsh...D&symbol=FX%5EGBPUSD

Target, 1.64, 20 day ema area.
Stop below today low for now, will move to break even pretty quickly! ;)
Regards,
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GBPUSD 25 Jul 2014 10:16 #37

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Possible short as the trend line has been breached. Ive got a 25 point stop on this just incase.


dl.dropboxusercontent.com/u/4899609/gbpusd25thjuly2014.png
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GBPUSD 09 May 2014 13:42 #38

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Worth a long on first attempt of 16823 with a 40 point stop for today only.


dl.dropboxusercontent.com/u/4899609/usdgbp9thmay2014.png
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GBPUSD 28 Nov 2013 23:39 #39

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Nice move on this since it broke out of the symmetrical triangle...
Its actually finished above a bigger triangle as well now.


dl.dropboxusercontent.com/u/4899609/gbpusd28thnov.png
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GBPUSD 22 Nov 2013 11:09 #40

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This looks like its broken out of the flag pattern??




dl.dropboxusercontent.com/u/4899609/gbpusd22ndnov.png

flags are continuation patterns so the prior trend is up so imply possible higher prices...stops are a must
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Last Edit: 22 Nov 2013 11:11 by remo.
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GBPUSD 21 Nov 2013 21:40 #41

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Approaching the top of the channel
Attachments:
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GBPUSD 01 Nov 2013 13:17 #42

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Cable Double Top
Short @ 1.59645
SL 80 points
GBPUSD.jpg
dyor
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GBPUSD 30 Sep 2013 21:06 #43

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This is nearing a strong resistance level.The level to watch out for is 1.6353.
This level is the top of a massive symmetrical triangle and near the Horizontal resistance at 1.6380.
So stops would have to be above 1.6400 if you short this at 1.6353 ;) ;)
This will be based on a first attempt only.


dl.dropboxusercontent.com/u/4899609/usdgbp30thsept.png

So one to keep an eye out for the coming week. :cheer:


dl.dropboxusercontent.com/u/4899609/usdgbp30thsept1.png
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Last Edit: 30 Sep 2013 21:08 by remo.
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GBPUSD 18 Sep 2013 10:09 #44

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im going to short this at 1.610 on a first attempt basis trade. This is the top of the channel and there is also a horizontal resistance at 1.600. Only going to short this on a first attempt basis trade so will look to close this quickly. Im using a 40 point stop. ;)
This is also a psychological level as well :P

dl.dropboxusercontent.com/u/4899609/gbpusd18thsept.png
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Last Edit: 18 Sep 2013 10:10 by remo.
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GBPUSD 09 Sep 2013 09:49 #45

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Closed half @ 1.56651
SL moved to below todays low for the rest 1.56188
h06c2616.JPG
dyor
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GBPUSD 06 Sep 2013 00:37 #46

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Cheers mate & keep them coming...every post on here has something useful...like tescos slogan - Every Little Helps! :)

I got a bit worried about my cable position when I looked at EUR/USD chart on your CS TA, might open a short on EUR/USD tomorrow to cover my cable Long! :woohoo:
dyor
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GBPUSD 05 Sep 2013 23:31 #47

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Hey RC,

You are the rest of CV are welcome of course; if the good folks are interested in the institutional notes, I'll keep on sourcing them and posting them!

CS do the lot one would think, but the main indices T/A is from UBS. I've managed to get hold a Metals PDF somewhere (along with Commerzbank) and few others...

I'll post of few more tonight / tomorrow hopefully!

I have lots of respect for your calls, but regarding cable, I need you to be wrong simply because I have physical dollars (Salary!) that I need to convert to sterling!

After that, I hope the up-trend continues! :lol:

Damn currencies!!!! :evil:
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GBPUSD 05 Sep 2013 21:05 #48

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Libero,

I have compared Credit Suisse's & JP Morgan's style of TA ( both of which you have kindly posted over here :) so many thanks)

CS's TA is based mainly on S&R and chart pattern's (triangles etc) & JP's TA mainly on EWT & fibs.

I have to agree CS clearly is a winner here ( I don't normally pay attention to Instutional TA but after your post about GBPUSD got curious and studied all the forex charts on CS TA)

Out of 7, I agree with 5 of their recommendations/trade positions.

Only disagree with AUDUSD & GBPUSD (as the former is finishing a downtrend so wouldn't want to look at short positions and the later is in an established uptrend so wouldn't want to go against the trend - HH & HLs and all that ) but may be they are right on those two as well - only time will tell!

Does CS only do Forex TA or do they do stocks & indices as well??
dyor
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GBPUSD 05 Sep 2013 15:16 #49

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RC,

You've got a very sharp eye (as usual!). Credit Suisse's chart drew the same line as your good self:



They say: Above 1.5638 can open the door to a fresh look at the 1.5718/1.5752 highs.

Their 'Strategy': Short, stop above 1.5638, for 1.5126/06.


(Full details of this can be found in the Institutional Technical Analysis thread - along with 7 fresh forex views).
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GBPUSD 05 Sep 2013 15:10 #50

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I am Long from 1.56255
SL is below yesterday's low of 1.55549

h27bfa61.JPG
dyor
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