Back in May, I recommended GBP/USD short trades. The GBP/USD is currently in a downtrend on the Daily chart; therefore, we want to trade GBP/USD short trades in the direction of the overall, longer trend. Since counter trend trades on the 4hr chart against the Daily are usually 1 month trades, we can definitely take advantage of …
On January 31st, I posted here that the GBP/USD had moved to our target area of 1.5900 and would resume its decline further down below 1.5674. I said there would be no limit on this particular trade and I would provide recommendations on when to exit. Now, four weeks later, you should be positive around …
Last week, I warned about the GBP/USD slowing up here. Two days ago, my strategy forecasted the GBP/USD move up to the 1.5900 level here. Also within the previous post was a recommendation to short the GBP/USD to target below 1.5674 once it paused its upward movement. For those of you who saw the consolidation within the picture …
The GBP/USD is currently at 1.5873 and moving to 1.5900 as previously forecasted here two days ago at LattePIPs! I’d also like to mention that you’ll find many technical analysts out there who will provide general recommendations (e.g. look to go long after this price, or look to go short after this price); however, there are …
There is no excerpt because this is a protected post.
There is no excerpt because this is a protected post.
Existing State: GBP/USD in downtrend on Daily Current Trade: Entered 2 LOTs Long at 1.4241. Currently positive 115 PIPs/lot. Targeting 1.4789 Future Trade: Limit Short @1.4789 Continue reading
Back in February, I provided a recommendation for two trades: 1st trade: Long @1.5125, Limit @1.5450, Stop @1.5050 2nd trade: Pending Limit Short @1.5450 Even though the first trade got stopped out at -75 PIPs, the 2nd trade put you entering the market short once the GBP/USD hit 1.5450. Now that you are current in a … Continue reading
This is why I was very cautious about a potential reversal, which is definitely not happening at this time. The GBP/USD is still moving down for the short term. Keep all trades short for now. Happy Trading! LattePIPs Continue reading
The GBP/USD is doing one of two things right now: It’s going to keep moving down as it has been, or It is in the very beginning of the process of reversing to the 1.5905 to 1.5985 area I wish I could be more precise at this time and be able to give a definite … Continue reading
At this point, the GBP/USD is reversing to target 1.5900. As of 1/30/2013 6am GMT, the GBP/USD is at 1.5748. For the next trade, you can either enter now to target 1.5900 or place the following trade: Limit Buy @1.5720 Limit Sell @1.5900 Stop @1.5670 Happy trading! LattePIPs Continue reading
This past Tuesday, January 22nd, I wrote here about a short-term trade idea on the GBP/USD to capture around 75 PIPs, depending upon your entrance. I hope you were watching your trade carefully, because the GBP/USD came 8 PIPs (1.5892) away from our target (1.5900) before it turned around and kept going in the direction … Continue reading
Well, after I posted that there have been no signals on shorter-term charts, my strategy gave a couple of signals last night. 🙂 Even though the current trade shorting the GBP/USD on the 1hr is still intact, some shorter timeframes gave divergent trade signals last night. Just a warning, that this is a short-term trade idea … Continue reading
Hi everyone. It takes time writing these posts; however, I will try to be more diligent in at least providing trade recommendations. I’ll also begin posting my monthly account summary showing all trades I make. The GBP/USD is currently in transition from going long to short on the Daily chart. Therefore, here’s the current directions: … Continue reading
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