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 …
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
In five weeks of trading, I have increased my account over 50% with risking only 3%/trade! This includes trades both directions…going long and short over a period of five weeks. If you’re subscribed to this site, then you have received all of my FREE trade recommendations over the past couple of weeks and have been … 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
As you grow your skill of Technical Analysis, you’ll read many, many opinions out there. Be careful. As you have with me, read people’s analysis over time. It is VERY difficult to watch someone over time to see that if his/her technical analysis is actually true most of the time, or if they’re just writing their … 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
Here’s the good, the bad, and the ugly for the Month of May…Net Total 3,455 PIPs for the month of May. Although my forecasts were spot on, I got a little mental at times and didn’t enter exactly where I had forecasted. Here’s a snapshot of my trades for the month of May: 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
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