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 …
Market Hours The following link opens a separate window which shows when the various world markets open and close. Open Forex Market Hours application in a new window Continue reading
Welcome! Welcome to LattePIPS.com! Sit back with your favorite cup of coffee and enjoy reading my thoughts on various currency pairs of the Foreign Currency Exchange. On this site, I will be providing my thoughts on the direction of various currency pairs. These thoughts will include specific points of entry and exit. High Risk Investment … Continue reading
As I posted just 12 hours ago, I’ve been a little disappointed with the GBP/USD’s lack of strength as it has been moving down. Last night, my trading system issued an alert of a possible move up on the GBP/USD. BUT last night while we were dreaming of the GBP/USD making further advances DOWN, the GBP/USD … Continue reading
Alright… I’ve been posting for the past month that the GBP/USD is about to begin going further down…and it has…and will…but the speed it’s moving at is just ridiculous. I thought the GBP/USD would be moving faster than this…and I’m disappointed. With the EUR/USD making all of its moves, I figured the GBP/USD would at … Continue reading
Right now, I’m only trading the GBP/USD. I really like it, and enjoy trading it. For the month of April, I made a Net total of 609 PIPs on 1 LOT…of which all of the trades were on the GBP/USD. Here is a snapshot of the trades I took within my account. If you’d like, … Continue reading
Over two weeks ago, I wrote that the GBP/USD will move down over the next few months to take out the current level of support at 1.4779. Four days ago, I wrote that the GBP/USD took out a level of support at 1.5128. 1.5128 was made on April 6th. The GBP/USD took out that level … Continue reading
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
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
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
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
LattePIPs 