Analysis of the GBP/USD
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
Two weeks ago, I recommended a short on the GBP/USD here. You should currently be positive around 15 PIPs. As of this writing, I don’t have clear signals whether the GBP/USD will continue upward short-term or continue its longer-term downtrend. Therefore, I recommend protecting your trade and potentially exiting. The current upward short-term movement may … Continue reading
Back in December, I posted here that the GBP/USD was beginning a reversal toward 1.6300. I hope you were able to enter at a strategic position before the reversal. My picture showed the GBP/USD moving down to the 1.5400 level before the reversal; however, the GBP/USD made a new low at 1.5236 before beginning the … Continue reading
I believe the GBP/USD is beginning a reversal in which it will go long for about 7 days or so, go short for another seven days or so, then go long for about a month. I have posted a graph below showing my forecast over the next month. On October 6th, the GBP/USD took out … Continue reading
Back on October 11th, I wrote that the GBP/USD would be moving down over the next 6 months or so. But before that move happened, I wrote that the GBP/USD would move up to 1.5990. I hope you were able to take advantage of those two trade forecasts. One trade profited 370 PIPs in two … Continue reading
From my trade recommendation seen here, https://lattepips.com/2011/10/11/short-gbpusd-2/, over a month ago, my system projected a buy on the the GBP/USD moving up to around 1.5990, and then shorting the GBP/USD at 1.5990 to move down over the next couple of months. As you can see in the picture below, the GBP/USD did just that. It … Continue reading
As stated from my prior posts last week, I was expecting the GBP/USD to begin moving further down. From the signals being made from my strategy, the GBP/USD is beginning a move down over the next couple of days. From the way it appears currently, it looks like it is beginning to move down toward … Continue reading
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