The GBP/USD has begun its move down: The first thing it did was take out the level of support (1.5128) which I wrote about on April 19th (10 days ago). The GBP/USD has initially moved down to 1.5125. Since it took out 1.5128, it has retraced as expected to a level of resistance at 1.5320. … Continue reading
Monthly Archives: April 2010
GBP/USD moved as expected from forecast 9 days ago
On April 19th (9 days ago), I wrote, “If the GBP/USD does not immediately take out 1.5128, then you could safely place a limit sell anywhere from 1.5375 to 1.5475″. Then on April 21st, I posted, “Now, within the next 24 hours, we should see the GBP/USD begin its descent for the next month, two, … Continue reading
4/21/2010 – GBP/USD Update
Two days ago, I wrote, “If the GBP/USD does not immediately take out 1.5128, then you could safely place a limit sell anywhere from 1.5375 to 1.5475”. Look where the GBP/USD has been oscillating for the past 12 hours….1.5340 to 1.5430. Now, within the next 24 hours, we should see the GBP/USD begin its descent … Continue reading
4/19/2010 – GBP/USD Trade Ideas
The GBP/USD retraced back to the 1.5500 level during last week (April 12th through April 15th). This was a significant target level before the GBP/USD began its move back downward. Now that the GBP/USD has reached that level, it is beginning its move down below 1.4779 over the next one to three months. During this … Continue reading
Uncategorized
Recent live GBP/USD trades
Here are some recent trades I have done with the GBP/USD with my live trading account. They resulted in over 450 PIPs in 8 trading days. Usually, I don’t make this many trades, but the GBP/USD was doing some nice oscillations; therefore, I had to take advantage of them, haha. My normal length of trades … Continue reading
LattePIPs 