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 …
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
I had some fun trading on the USD/JPY 1min Wednesday. These markets have been so volatile, I saw an opportunity on some good setups and took them. Here are the trades I took: On the 14th, the USD/JPY failed to take out 103.27. I left a LOT of PIPs on the table, but didn’t see … Continue reading
On August 4th, I wrote that we’re in a new longer-term GBP/USD downtrend. Sure enough, after August 4th, the GBP/USD dropped from 1.9700 to 1.7500…2200 PIPS! Right now, the GBP/USD is retracing back to the 1.9000 area before it goes further down. Read these forecasts, watch the currency market, and enjoy the trades! Continue reading
All US$ currency pairs are breaking on all major timeframes! This is an exciting time. For those who love to swing trade, you’ll probably see some nice, large swings over the next 6-12 months, as the US$-paired currencies begin changing direction. Continue reading
As written in two prior articles, the GBP/USD has begun a new long-term downtrend over the next 3 months. On July 31st, I thought I had seen a point in a short turnaround for a short-term retrace before this begun. The current 1hr downtrend is going further than I thought, though. It has now fully … Continue reading
As of what I’m seeing today on July 31st the GBP/USD is beginning the move to go up further. As of today, July 31st, the GBP/USD may stay around the 1.9700-1.9800 level for 2 days or so, but will then begin moving further up to attack the latest high at 2.0155 over the next 7 … Continue reading
As you can read on my GBP/USD page, the GBP/USD moved as I forecasted on June 2nd, almost 2 months ago. On June 2nd, the pair was at 1.9653. I forecasted it might move down to 1.9474 before going further up. Sure enough, on June 13th, it moved down to 1.9411, and then proceeded to … Continue reading
A new longer-term (1-2 month) trade has been posted on my GBP/USD page. Continue reading
A month ago on April 26th, I forecasted the following: “Over the next few weeks, we will most likely see the EUR/USD swinging between (1.5300-1.5500) to (1.5800-1.5900). ” As you can now see, the EUR/USD moved down to the 1.5300 level on May 8th and is now at the 1.5800 level as of May 23rd. … Continue reading
Forex trading is not meant to be exciting, although it can be. Forex trading is not meant to be executed whether your trade is negative or extremely positive. Forex trading is planning, execution, and patience. Whatever your forex strategy is…stick with it. Don’t bend the rules. No matter what fundamental reports have come out, no … Continue reading
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