Yesterday, I provided an early, early, early, really early…probably too early short (sell) recommendation. I have closed my short trade for now and am sitting on the sideline. I thought I had a particular longer-term (multi-day) short signal, but read it incorrectly yesterday. Having said that, the current status of the GBP/USD STILL looks VERY … Continue reading →

I wrote here that I was a little concerned about the strength of the GBP/USD movement up. I recommend exiting your GBP/USD long positions for now and potentially enter a short position. (If you enter a short position, try to enter at a key level of resistance.) The GBP/USD is currently at the 1.4800 area. … Continue reading →

Hi everyone. I have been discussing this current move up on the GBP/USD since May 19th. For those of you who took my recommendations here, you are currently positive over 200 PIPs. What the GBP/USD has been doing for the past few hours has been moving up and down in 50 pip movements: it failed … Continue reading →

Alright, the GBP/USD has completely retraced from what I commented on last night. I gave a range and the GBP/USD retraced to the bottom of that range (1.4554). It actually went a bit further to 1.4534. So, if you were up at 3a.m. Central Time and got my comment, then you: Took your profits Placed … Continue reading →

3 weeks and 2 days ago, I wrote here of the bottom which had just begun to form on the GBP/USD. Of course, most people were still shorting the GBP/USD thinking it would continue to move further down. muhahahaha…. So…3 days ago, I wrote here that the GBP/USD had hit the first target, retraced to … Continue reading →

Just about three weeks ago, I wrote here that we had found a bottom and the GBP/USD would begin moving up to around 1.4800 to 1.5000. After the bottom was confirmed, I wrote here that, “Getting more specific, we are currently targeting the zone from 1.4780 to 1.5060.” Well on June 2nd, as you can … Continue reading →

Alright, we have a new, confirmed GBP/USD target for the next few weeks. Earlier this week, I made a mistake and missed my longer term reversal signal. So, where are we targeting over the next few weeks? The GBP/USD will move up to the area I discussed last week in this post. Last week, I … Continue reading →

So, many people are wondering where the GBP/USD is going. At DailyFX, you can read here that they think that the GBP/USD may provide a “short-term corrective bounce back towards 1.4700-1.4900 before bearish trend resumption”. Of course, I have said for a week now that the GBP/USD has potentially found a bottom and is heading … Continue reading →

Even though the GBP/USD took out 1.4516, my system is not showing the GBP/USD to go LONG for the next month or so. Therefore, look for strategic short positions right now on the GBP/USD. Here  is a snapshot of a current short trade I am currently in. Of course, you’ll notice the level of resistance … Continue reading →

Early in the morning of May 19th, I posted a trade recommendation here of going LONG on the GBP/USD and that the GBP/USD was forming a bottom. It was a 175 PIP trade shown here. You’re probably wondering how I knew that…how after weeks of the GBP/USD just dropping, I dared to take a LONG on … Continue reading →