Example of a continous functor between locally presentable categories which has no left adjoint It is known a version of Adjoint Functor Theorem for locally presentable categories, which says that a functor between such categories has a left adjoint iff it is continous (i.e. preserves all limits) and accessible (preserves $\lambda$-filtered colimits for some cardinal $\lambda$) (see for this Theorem 1.66 of J. Adamek, J. Rosicky, "Locally Presentable and Accessible Categories", London  Math. Soc. Lecture Notes, Cambridge, 1994). My question is  then to find an example of a continous functor between locally presentable categories which is not accessible.
 A: Not really an answer, but here's what I know:
 relationship with Vopenka's principle 
 the weak Vopenka's principle 
Assuming the weak Vopenka's principle, every full and faithful continuous functor has a left adjoint (this is in fact equivalent to it: Theorem 6.22 in the Adamek-Rosicky book). So, under this assumption, you need to look for a non fully faithful continuous functor.
 accessibility and the solution set condition 
In general, a functor $F \colon A \to B$ between accessible categories is accessible iff the induced functor between the corresponding arrow categories: $$\overrightarrow{F} \colon \overrightarrow{A} \to \overrightarrow{B}$$ satisfies the solution set condition (as in Freyd's General Adjoint Functor Theorem). 
Now, under the strong Vopenka's principle, we have the stronger

$F$ accessible iff $F$ satisfies the solution set condition

This is in  Rosicky, Tholen - Accessibility and the solution set condition - JPAA
This coupled with the above, yields that the reflective subcategory is in fact locally presentable. Even more,

($A$ full reflective subcategory of a locally presentable $B$  $\Rightarrow$  $A$ locally presentable) is equivalent to the strong Vopenka's principle.

All of the examples I know of about continuous functors not satisfying the solution set condition tend to make essential use of size in the domain category (those in MacLane, for example), none of them being locally presentable. 
the dual problem 
I'm pretty sure you know this, but anyway: the dual problem ($F$ having a right adjoint) is straightforward: locally presentable categories are total, and for total categories $F$ has a right adjoint iff it is cocontinuous
A: The following example was coincidentally mentioned by André Joyal on the categories mailing list today; he attributed it to Mac Lane.  For every infinite cardinal number k, let $G_k$ be a simple group of cardinality k.  Define the functor ML: Group → Set to be the product of all the representable functors $\mathrm{Hom}(G_k,-)$.  Since no group can admit a nontrivial homomorphism from proper-class-many of the $G_k$, this functor does indeed land (or can be redefined to land) in Set.  Since it is a product of representables, it is continuous (and of course Group and Set are locally presentable), but it is not itself representable (hence has no left adjoint).
