GBPUSD thoughts

[willoneau]

Watching the price at moment waiting to see if it turns around

 

[willoneau]

Using this thread to discuss the currency price chart and my thoughts on it

 

[willoneau]

This is not advice just my thoughts

 

[Triple B]

Do you watch correlated pairs? Im looking at GBP AUD ATM Not GBP USD tonight. May get a bounce shortly of a previous support on GBP AUD which may help the Cable

 

[willoneau]

My biase is short but looking for counter trend trade

 

[willoneau]

Do you watch correlated pairs? Im looking at GBP AUD ATM Not GBP USD tonight. May get a bounce shortly of a previous support on GBP AUD which may help the Cable

Hi Tripple no i don't i concentrate on the one pair and it's price action

 

[willoneau]

Tripple are you trading the GBPAUD?

 

[Triple B]

Fair enough . Ive expanded to 30 Pairs! picking the best 8 or so and gold.

 

[Triple B]

No . on my screen ATM but prev support close below so no short till that breaks.

 

[Triple B]

Currently short EUR/CHF XAU USD , NZD CAD , AUD CAD

 

[willoneau]

I think all pairs are correlated or inversely correlated anyway

 

[barney]

Watching the price at moment waiting to see if it turns around

Pound US is a heavy Short in the short term …. in my view

 

[willoneau]

I monitor price action before Frankfurt opens then wait for entry signal as usually volatility increases when London opens

 

[Triple B]

Yes I use the correlations and pick the ones with what i believe to be best RR. Also helps me see why price action may have stalled "mid Air" so to speak

 

[willoneau]

I agree with you but looking for counter trade in first half of today's session

 

[Triple B]

I reckon short to 1.28. just trade your plan Will

 

[willoneau]

I'm liking support at 850 at moment

 

[willoneau]

I reckon short to 1.28. just trade your plan Will

I have a counter trend trade part of my plan

 

[Triple B]

Yes trading one pair can make you find a few tricks!

 

[Triple B]

AUD is busting round nos short ATM