Feb. 5. Today i see G/U retracing upward before NF news…very hard for me to believe we break 5706, this low on D1 without momentum…so a resistance at around 5760 and key levels at 5800 and 5850 … if we break D1 low early euro session we will fall to 5640 as my h4 t/p level…To add to my thinking for today…a long from 5706 which is d1 low with a 10 pip stop to the first resistance i pointed out and a short off the upper levels would be a good trade….i will post what the RSI is telling me when we get to those upper levels…
G/U Analysis/Prediction Feb. 7
Looks like we will have a slow euro session that will chisel out a bottom for us to take us into US session going long…I think early trading will be ranging as there is no news. A good note is that GU had a bounce at 123% hitting 1.5535 so we could see a bottom for today's trading day…So going long from the low range with a minimal stop loss and a t/p at our resistances which are at 1.5608 and 1.5640 levels would be a good trade….Happy trading all…
Feb. 9
My outlook for G/U today is long…we have resistance at 5655 and a good level at 5735… support is at 5605 and 5570 area…personally im long at 5610 with tp’s at first and second resistance…so entering long at the support areas with small stops would be a good plan imho…Happy trading all…
Feb. 10
I think gu can move up to double top at around 5730 and move down from there….but if it breaks this double top, price will move to 5800 area (hard to beleive)…there is supports at 5645/50 and 5605…so longs off supports with trailing stops and shorts off double top area with at least a 50-70 pip target….
G/U Analysis/Prediction Feb. 11
There is support at 5615/05 area with stronger support at 5570…I think we can have a G/U run up to 5720-30 area today with minor resistance at 5660…but if bottom support is broken we can see the downtrend continuing…
Feb. 16
We have been ranging on G/U for the past week…today we should see a test of the upper range at around 5760 area before sellers get in…supports at 5580 and 5670 and resistances at 5740-60 and the 5800 area…There is some key news this next 2 days for GBP so we should see some good movement….So going long off supports with trailing or tight stops should get some pips (unless we have a major sell-off)…Happy trading all…
G/U Analysis/Prediction Feb. 19
After this big fall we have come to some key daily levels…I see support at 5370 and 5340 areas so taking these levels as bounce trades should get us some pips…As for resistance, we have 5455 as a key resistance as also 5490…Today should be a good mover as its desk cleaning day…Happy trading all…
G/U Analysis/Prediction Feb. 22
Overall we are still in a downtrend…but we had a nice bounce on a d1 fibo level…our supports are at 5435 and 5380 areas with resistance at 5485 and 5530…the upper resistance should be a good short level with a tight stop…buying off supports with trailing or tight stops should give some pips. As we are in a downtrend we should play longs safely…Good Luck guys…
G/U Analysis/Prediction Feb. 23
GU starting to move up after 50% d1 bounce…i see 2 key resistances which are at 5570/80 and 5620 levels, supports are at 5500 and at 5450 areas…some news today so we should get some movement…
G/U Analysis/Prediction Feb. 24
GU is crawling under 2 fibo levels at around 5460 area…so if it breaks up we can see 5505/15 area as our resistances…Our key supports are at 5405 and 5370 areas….RSI is bearish on m30/h1 so more possibility that we see more down if 5460 holds….
G/U Analysis/Prediction Feb. 26
G/U had a nice bounce off daily 138% fibo level…we have resistances at 5290/5300 level and higher at 5330/35 areas… support at around 5260 and 5220 areas…should be a nice mover as its the last day of the month and some GBP news coming up….Have a great WE all, hope our predictions have made some pips…
G/U Analysis/Prediction Mar. 1
GU is still very bearish…gap open and we could not even cover it, this means the trend is still down strongly….the only support i see is at 5075 area…. and my resistances are at 5165/70 areas and 5235/45 areas….
G/U Analysis/Prediction Mar. 4
GU is still in a strong downtrend bouncing on 23% h4 fibs…there is support at 1.4995 area, moving past this area we can see price move to support areas at 4890-4900 area with 4945 as a support area before bottom support reached…resistance is at 5130 area and at 5210 area…Sorry we did not post the previous 2 days as we were on a mini break…Have a great trading day all…
G/U Analysis/Prediction Mar. 5
GU is still bearish with supports at around 1.5005/1.4995 and 1.4945, resistance is at 1.5065 and 1.5130…main support at 1.4885 area…NFP today so we should see some crazy moves….
G/U Analysis/Prediction Mar. 8
GU has moved up after 38% bounce….we have support at 1.5130 area 5090 area…resistance is at 1.5175/85, if this area is broken we can see 1.5230 area…
Important Levels for March 9th, 2010
EUR/JPY: 121.60-65; 121.80-90; 122.30
USD/CAD: 1.0240; 1.0260
EUR/CHF looking strong SELL if breaks 1.4616
G/U Analysis/Prediction Mar. 9
G/U is running bearish today….Supports at 4975/70 areas and further down at around 4940/45 area….resistances are clear at 5025 and farther up we will have a strong resistance at 5130 area…
G/U Analysis/Prediction Mar. 10
G/U is still bearish….we have resistances at 5015/25 and higher up at around 5060 area…support is at 4870/55 areas…
GU Analysis/Prediction Mar. 11
GU still bearish while bouncing on a key fibo at 4875 area….which is our fist support and 4945/35…our resistances are at 5030 and higher up at 5055 areas….Have a great trading day…..
GU Analysis/Prediction Mar. 15
GU has started a slight uptrend with our targets being 5285 and 5340 as per fibo pattern….today we have supports at 5085 and 5026, resistances are at 5225/30 area and 5260 area…
GU Analysis/Prediction Mar. 18
GU has some strong resistance at 5387/95 and 5345 areas with supports at 5270 and 5225/15 areas….it is in a short term uptrend…so please trade shorts with caution.
GU Analysis/Prediction Mar. 19
GU is has moved from our beginning of the week long targets….we have support at 5176 and 5130 with resistances at 5225 and 5285….
GU Analysis/Prediction Mar. 23
This current GU rally from 76% has stopped at a fibo level so we can see some down…We have supports at 5035 and 5000/10 levels with resistances at 5095 and 5150 levels….if 5150 level is passed we can see some uptrend resumed…Happy trading all….
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G/U Analysis/Prediction Mar. 24
G/U is still bearish with supports at 4925/30 and 4885/80 areas….resistance at 5000/05 and 5030 areas, with strong resistance at 5125/30 area…
G/U Analysis/Prediction Mar. 25
G/U looks down on our d1 time frame….clear support is at 4855 which is a d1 fibo level and 4780 as a lower support….4855 could be a turning point but we will update the levels for further down if this level is broken…Resistances are at 4900/05 areas and higher up at around 4950/60 areas….Happy trading [...]
G/U Analysis/Prediction Mar. 26
G/U is still bearish but we can see some up moves today being its Friday… supports are at 4845/40 areas and farther down at 4805…with resistances at 4910 area and farther up at 4930 area….also 4975 area is a strong resistance level….
GU Analysis/Prediction Mar. 29
G/U has some early reversal signs on D1 time frame, so we can see some up moves this week…we have resistances at 5010/20 and higher up to 5075/80…Our supports are at 4925/20 and lower at 4845 area….good luck…
GU Analysis/Prediction Mar. 30
As we stated yesterday that we had a bullish outlook on GU after some daily reversal signs….we have resistances at 5075/80 and higher up at 5110 with supports at 5010 and 4955…
GU Analysis/Prediction Mar. 31
Gu is at a key resistance point on fibs which is 50% at 5082….we have supports at 5010/15 and lower at 4965 areas with resistances at 5085 higher up at 5110…
Here are the some levels we post on FFT…
Resistances: 1.5115, 1.5151, 1.5209
Supports: 1.4998, 1.4962, 1.4904
Pivot: 1.5056
G/U Analysis/Prediction Apr. 1
G/U has some key resistance levels that were reached….we have resistances at 5235/40 areas and higher at around 5270, supports are at 5165 and lower at 5120 area…
Supports: 1.5080, 1.5042, 1.4981
Resistances: 1.5202, 1.5240, 1.5301
Pivot: 1.5141
Important Levels April 6th, 2010
USD/JPY: 93.70; 93.55; SSL 92.86
AUD/USD: 0.9130-36; 0.9225
EUR/USD: 1.3390
EUR/JPY: 125.30
EUR/GBP: 0.8810
Hello friends,
The predictions that I was posting during last few months are now available only through forexfocustime. Please visit forexfocustime website and subscribe to our prediction services. At this point I will only list important levels, and also an overview of previous day trades.
Overview of Predictions Apr. 6
Prediction: GU has closed the gap as we stated in our post yesterday and bounced off a support we indicated at 5210/15 area…our other support for today is at 5180/85 area with a strong lower support at 5120 area and resistances are at 5250 area and higher up at 5265/70 areas….if upper resistance is broken at 5320 area we will most likely have an up move but for now our outlook is bearish…
Results:
1. Long @ 52125, DD 2 pips; MP 33 pips. We had this level marked from yesterdays post…this would be a scalp long which we banked 20-30 pips on this trade
2. Long @ 5180, DD 12 pips; MP 19 pips. This was a scalp trade long which was stopped out at BE as price moved 15+ into the green.
3. Short @ 5270, DD 8 pips; MP 26 pips. This trade happened in early Asia session so this would be more of a scalp and a close for about 20 pips.
Notes: As you can see by the chart that we missed our swing short level which was at 5250 by 5 pips… when price started climbing back to this marked resistance we did not take this short. Also we missed long level by 8 pips which was at 5120 so we would not take this trade unless stated in our next post.
Overall Profit/Loss: 50 pips
Important Levels April 7th, 2010
USD/JPY: 93.90-98
USD/CAD: 99.90
Overview of Predictions Apr. 7
Prediction: GU is still bearish with key resistance level at 5315 (if this level is broken to the top we can see some more up moves) and the other resistance is at 5272…supports are at 5240, 5185/90 and key lower support at 5140/45 areas…
Results:
1. Long @ 5240, DD: 13 pips; MP 45 pips. Price broke through this level but SL should have held up with a tp at our resistance point for a 32 pip trade.
2. Short @ 5272, DD: 13 pips; MP 134 pips. This was a trend short trade to atleast our first support that price has not bounced at which is 5190, but as per rules we recommend to the lower support level marked of the day which was at 5140. If closed at support at 5190, we would have a 82 pip trade.
3. Long @ 5190, DD: 0 pips; MP 17 pips. This trade moved enought to put our stop at BE and we were stopped out.
Note: Price hit 51906 on our charts which we count as a hit. Also another note about trading the levels is that we count stops and limits not from spreads but price on chart….We use bid charts at Go Markets…
4. Long @ 5140, DD: 2 pips; MP 30<. This level was a key support level that we stated in the predictions, so profit could of been left running some pips….but we will count it as a scalp long for 30 pips.
Overall Profit/Loss: 144
Cable Focus & Analysis Apr. 8
Resistances: 1.5366, 1.5310, 1.5276
Supporst: 1.5163, 1.5129, 1.5073
Pivot: 1.5219
Overview of Predictions Apr. 9
Prediction: GU starting to show some bullish signs with D1 candles…resistances are at 5315 and higher up at 5350/55 areas…supports are at 5275/80 areas and lower at 5240/35 areas…
Results:
1. Long @ 5280, DD: 2 pips; MP: 110 pips. This was a long in our trend direction so we hold to second resistance level which was 5350/55…so profit should be 75 pips.
2. Short @ 5355, DD: 21 pips; MP 0 pips. Price ran through this level so we would be got stopped out at -15 pips.
Overall Profit/Loss: +60 pips
Week Profit/Loss: +344 pips
Note: The reason we did not short at 5315 is because price didn’t reach it on first attempt by 6 pips and then come to our support level which we are suppose to hold to second resistance level as per our rules.
If you have questions about our predictions or how we trade them…We will try to set a day next week to chat for 1 hour before London open to answer your questions. We will post a day and time when we will do this on our Blog…
Important Levels April 13th, 2010
USD/JPY: 92.15; 92.25;
AUD/USD: 92.15-22
AUD/NZD: 1.2920
Overview of Predictions Apr. 13
Prediction: GU has some bearish signs to us…we have resistances at 5390 and higher up at 5405/10 with a key level at 5450 area…supports are at 5315/20 and lower at 5275 areas….So scalp long, trend short….
Results:
1. Short @ 5390, DD: 2 pips; MP: 43 pips. This trade went in plus and we put SL at BE after about 25 pips and get stopped out when we had some good green pips.
2. Short @ 5405, DD: 3 pips; MP: 37 pips. Price bounce nicely from our level and move SL to BE same as the first and we get stopped out again at BE
3. Short @ 5450, DD: 0 pips; MP: 90+. Price hit 54485, we took this trade as we recommend entry 2-4 pips from level marked and closed this trade late US session with a 90 pip profit. Price did not hit our support lines but we close daily trades that give 80-100 pips.
Note: The levels worked good today. We left some 80 pips to the market, but this is where it is important to follow rules. We set some rules but you are welcome to use these levels as u wish: Scalp all levels, trail all entries with a trailing (just some suggestions)….how ever will bring green pips.
Overall Profit/Loss: 90 pips
Overview of Predictions Apr. 14
Prediction: GU looks like its aiming to test Monday high…resistances at 5455/60 and higher up at 5485 with supports at 5390/85 and 5365 with a strong support at 5320 area…Scalp middle levels, trend top and bottom levels…
Results:
1. Long @ 5385, DD: 8 pips; MP: 65 pips. Price bounce on this level a few times but this was a scalp for 20-30 pips even though more was achievable.
Note: When we list 2 levels like here 5390/85, stop has to be 15 pips from the farther level and give yourself 2-4 +/- pips of play around these levels for entry.
2. Short @ 5453, DD: 0 pips; MP 50 pips. Price hit 54535 on our bid charts so we too this trade as we leave room to play (2-4 pips), trade could have been taken later at 5455 but was more risky…this was a very quick 30 pips.
3. Short @ 5485, DD: 5 pips; MP 28 pips. This level was hit late US session so we traded this as a scalp for 20 pips even though the market could give more.
Overall Profit/Loss: +80 pips
Pips this Week: +175
Important Levels April 15th, 2010
USD/JPY: RL: 93.80; 93.70; 93.60 SL: 92.80; 92.95-93.00
GBP/USD: RL: 1.5530-40
AUD/USD: RL: 0.9395 SL: 0.9290-.9300
USD/CHF: 1.0600-10; 1.0565
NZD/USD: 0.7165-70; 0.7125; 0.7110
USD/CAD: 0.9965
Overview of Predictions Apr. 15
Prediction: GU coming to key daily resistance levels with 5515/20 and higher up at 5545/50 and a key level at 5570 area….supports are at 5485/90, 5455 and 5430/35…so scalp long and trend short from top levels….
Results:
1. Short @ 5520, DD: 3 pips; MP: 130+ pips. This was a trend level so we hold this trade for at least 70-100 pips or to our last support level marked. This trade was closed at 5430 as we ignore all middle scalp levels when we are in a trend trade.
2. Long @ 5430, DD: 15 pips; MP: 10 pips. This trade was stopped out for -15 as our scalp level…..
Overall Profit/Loss: +75 pips
Pips this Week: +250
Important Levels April 16th, 2010
USD/JPY: 93.10-15; 93.00; 92.85
AUD/USD: 0.9345; 0.9325; 92.55-60
GBP/JPY: 143.90
EUR/USD: 1.3535
NZD/USD: 0.7135; 0.7125
USD/CAD: 1.0060-65; 1.0010; 0.9990-95
Overview of Predictions Apr. 16
Prediction: GU is showing some bearish signs with D1 candle formation and H4 RSI….we have resistances at 5470 and 5490 area, supports are at 5375/80 area and lower at 5305….Trend short, scalp long….
Results:
1. Long @ 5380, DD: 14 pips; MP: 90 pips. This trade moved quickly for a 30 pip profit even though more was possible….Note: Stop had to cover 5375 by 15 pips even though stop from 5380 held up.
2. Short @ 5470, DD: 3 pips; MP: 95 pips. This was a trend trade so we hold for 70-100 pips. In this case we closed it on our support at 5380 for a 90 pip profit.
Overall Profit/Loss: +120 pips
Pips this Week: + 370 pips
Important Levels April 19th, 2010
USD/JPY: 0.9140; 0.9185; 0.9255; 0.9280
AUD/USD: 0.9090; 0.9160-65; 0.9185; 0.9235-40; 0.9265
GBP/JPY: 138.60; 141.05; 141.90-142.00
Overview of Predictions Apr. 19
Prediction: GU is bearish but we can see a market attempt to close gap with supports at 5220/25 and lower at 5180 area with resistances at 5280/85 and higher up at 5315/20 and 5350/55 as gap close resistance….scalp middle levels and trend top and bottom…
Results:
1. Long @ 5220, DD: 9 pips; MP: 35 pips. This was a scalp long which moved a quick for +20.
2. Short @ 5280, DD: 0 pips; MP: 21 pips. Price hit 52786 on our bid charts which is in our 2-4 pip exception for a 20 pip trade.
3. Short @ 5215, DD: 6 pips; MP: 60 pips. This was also a scalp level which we took 30 pips at.
Overall Profit/Loss: +70 pips
Pips this Month: +784
Important Levels April 20th, 2010
USD/JPY: 92.80-85; 92.20
AUD/USD: 0.9215; 0.9240
GBP/JPY: 141.05
USD/CHF: 1.0610
USD/CAD: 1.0125; 1.0085-90
Overview of Predictions Apr. 20
Prediction: GU is up against some strong resistances which are at 5345/50, 5380 and a key level at 5440/45 with supports at 5280/85 and lower at 5245 area….Scalp middle levels and trend key level…
Results:
1. Long @ 5288, DD: 0 pips; MP: 60 pips. This trade was in our 2-4 pip exception for entry which moved for a 25 pip profit.
2. Short @ 5350, DD: 15 pips; MP: 13 pips. This trade did not move enough to move our stop to BE after 15 as this was a scalp trade so we took the hit for -15.
3. Short @ 5380, DD: 12 pips; MP: 17 pips. This trade moved 15 pips so we put SL at BE and get stopped out. Note: This trade was a few minutes before news time so we do not recommend trading scalp levels at or around news times.
Overall Profit/Loss: +10 pips
Pips this Month: +794
Cable Focus & Analysis Apr. 21
Resistances: 1.5422, 1.5455, 1.5510
Supports: 1.5312, 1.5278, 1.5223
Pivot: 1.5367
Overview of Predictions Apr. 21
Prediction: GU is slightly bullish with supports at 5315/20 and lower at 5270/75 area…resistances at 5395 area and higher up at 5440/45…scalp middle levels and trend top and bottom…
Results:
1. Short @ 5395, DD: 15 pips; MP: 10 pips. This trade was stopped out to the pip for -15 .
2. Short @ 5438, DD: 0 pips; MP: 70 pips. Price hit 5439 on our bid charts (2-4 pip exception) and was closed late US session for +50, as this is a day trading strategy and we try not to hold trades over Asia session.
Overall Profit/Loss: +35
Profit this Month: +829
Important Levels April 22nd, 2010
USD/JPY: 92.55; 93.50
AUD/USD: 0.9225; 0.9295
EUR/USD: 1.3440; 1.3420; 1.3370
Overview of Predictions Apr. 22
Prediction: GU is starting to run up with supports at 5430 and and 5395 areas and resistance at 5490/95 areas and higher up at 5520… scalp middle levels and trend top and bottom…
Results:
1. Long @ 5430, DD: 13 pips; MP: 26 pips. This was a scalp on which we held for a 20 pips limit. Note: when you go more then 10 pips in the red, try not to hold for more than 20 pips since this is a scalp.
2. Long @ 5395, DD: 25 pips; MP: 15 pips. This was a trend trade on which we were stopped out for a -25 pip hit.
Overall Profit/Loss: -5
Pips this Month: +824
Cable Focus & Analysis Apr. 23
Resistances: 1.5531, 1.5481, 1.5450
Supports: 1.5350, 1.5320, 1.5270
Pivot: 1.5400
Overview of Predictions Apr. 23
Prediction: GU looks like it has some more room to go down with resistances at 5380/85 and higher at 5415/20 area…supports are at 5290 area and lower at 5260 with some support at 5315(risky)….scalp long and trend short….
Results:
1. Long @ 5315, DD: 0 pips; MP 70 pips. We marked this trade as risky so we had a smaller stop (smaller leverage is also an option). Since it was risky we close at 20 pips even though price flew up.
2. Short @ 5385, DD: 16 pips; MP: 90 pips. This was a trend trade that we usually recommend to hold to second support level marked at 5290, but price missed it by 5 pips (exception 2-4) so after price bounce the second time and did not reach we close this trade for a +70 at our first marked support.
Overall Profit/Loss: +90
Pips this Month: +914
Overview of Predictions Apr. 26
Prediction: GU at a mixed stage for us even though we have some nice reversal candles on D1 for some up…we have resistances at 5485/90 and higher up at 5515/20 areas and supports at 5385/90 and lower at 5325/30 areas….trend bottom and top levels and scalp middle levels…
Results:
1. Short @ 5490, DD: 7 pips; MP: 65 pips. Price ran up quickly so we catch this trade at 5490 and held to first support on chart for a 25 pip trade…Note: Price again tested this area later in the US session and got rejected even though we take bounce trades only once off these levels.
Overall Profit/Loss: +25
Pips this Month: +939
Important Levels April 27th, 2010
USD/JPY: 94.25-30; 94.00; 93.35; 93.55-60
AUD/USD: 0.9335; 0.9295; 0.9225-30
USD/CHF: 1.0785; 1.0765
EUR/USD: 1.3445
Overview of Predictions Apr. 27
Prediction: GU is running into a solid resistance with h4 wicks…we have resistance at 5485 and our top at 5515/20 with supports at 5415/20, 5385/90 and lower at 5320…Scalp long and trend short…
Results:
1. Long @ 5422, DD: 0 pips; MP: 26 pips. This trade bounce at 5422 (2-4 pip exception) and moved for a 20 pip profit as a scalp trade.
2. Long @ 5485, DD: 9 pips; MP: 24 pips. Also a scalp trade for a 20 pip profit…Note: If entry was at 90 then SL had to cover lower level by 15 pips…and stop at BE after 15 pips in plus…
3. Long @ 5321, DD: 0 pips; MP: 29 pips. As a scalp trade we closed at +20…Note: Price hit 53208 on our bid charts…
Overall Profit/Loss: +60
Pips this Month: +999
Overview of Predictions Apr. 28
Prediction: We are still bearish on GU for today even though we might have some good retracements up with resistances at 5320/25 and 5350/55 areas….supports are at 5245 area and lower at 5195….trend top level and scalp the others…
Results:
1. Long @ 5245, DD: 15 pips; MP: 9 pips. This trade was a scalp so we lost 15 pips on this trade.
2. Long @ 5195, DD: 15 pips; MP: 9 pips. As a scalp this trade was stopped at -15.
Overall Profit/Loss: -30
Pips this Month: +969
Cable Focus & Analysis Apr. 29
Resistances: 1.5367, 1.5305, 1.5267
Supports: 1.5143, 1.5104, 1.5042
Pivot: 1.5205
Overview of Predictions Apr. 29
Prediction: GU is bearish but we can see some up before more down with resistances at 5235/40 area and higher up at 5280 with supports at 5110 area and lower at 5055 area….scalp all levels…
Results:
1. Short @ 5240, DD: 8 pips; MP: 38 pips. This was a nice bounce trade with a 20 pip scalp.
2. Short @ 5280, DD: 1 pip; MP: 27 pips. Also a scalp trade which produced positive pips..
Overall Profit/Loss: +40
Pips this Month: +1009
Cable Focus & Analysis Apr. 30
Resistances: 1.5476, 1.5400, 1.5352
Supports: 1.5197, 1.5150, 1.5073
Pivot: 1.5275
Monthly Overview for April Predictions
We had a great month of trading our levels that we predict ahead of time for bounce trades. Here are some of the results of the trades taken.
Results:
Total trades: 46
Negative trades: 8
Break even trades: 7 (Note: These trades moved at least +15 pips to put SL at BE)
Positive trades: 31
Total pips for April: 1009 pips
USD/JPY Analysis for May 3rd, 2010
FL (Fib. Levels) for Buy trend:
H1 – 92.75; 93.10; 93.45; 93.88
M15 & M30 – 93.22; 93.48; 93.70; 93.89
FL (Fib. Levels) for Short Trend:
M5 & M15 – 94.40; 94.29; 94.20; 94.10
RL for Short Trend: 94.30; 94.20
SL for Buy Trend: 93.83; 93.63; 93.35
For: FL, SL, RL please visit Glossary page, thank you
Dear traders,
I had another great month and made 1009 pips in April. During the months of February and March I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime.
Overview of Predictions May 3
Prediction: Some bank holidays today so market may be slow till US session…we have resistances at 5290 and 5340/45 and supports at 5210/05 and lower at 5165…We are leaning on more of a down move today (sell trades can be held for more pips, up to you traders)….Scalp all levels…
Results:
1. Long @ 5210, DD: 0 pips; MP: 48 pips. This was a scalp trade as all our levels today so we held this trade for 20+ pips. Note: Price hit 52103 on our charts so it is within our 2-4 pip exception.
Overall Profit/Loss: +25
Pips this Month: +25
Cable Focus & Analysis May 4
Resistances: 1.5359, 1.5319, 1.5294
Supports: 1.5213, 1.5189, 1.5148
Pivot: 1.5254
Overview of Predictions May 4
Prediction: GU is at a strong support so our bias is mixed today with supports at 5145/50 and lower at 5115 and resistances at 5250, 5275/80 and a key level at 5315/20…Scalp middle levels and trend top and bottom…
Results:
1. Long @ 5150, DD: 15 pips; MP: 15 pips. This trade moved about 15 pips but because of the spread we do not think most went 15 pips to move SL to zero so we will count this trade as a negative scalp trade of – 15.
2. Long @ 5115, DD: 24 pips; MP: 70 pips. This was a quick spike at this level and if you didn’t have a limit order you would have been filled at 5105 area. The stop held up on this trade as it was a trend trade (25 pips SL plus spread). This trade was closed late US session as this is a day trading strategy for 60 pips.
Overall Profit/Loss: +45 pips
Pips this Month: +70
Overview of Predictions May 6
Prediction: There is a strong bearish trend in the market, our supports are at 5020 and lower at 4965/70 and some support at 4990(risky)…our resistance are at 5090/95 and higher at 5120/25…trend short and scalp long….
Results:
1. Long @ 5020, DD: 0 pips; MP: 48 pips. This trade quickly moved and closed at first sign of resistances for 25 pips.
2. Short @ 5095, DD: 12 pips; MP: 395 pips. This was our trend trade which we held to our last support level which was at 4965 for a 130 pip profit.
3. Long @ 4965, DD: 3 pips; MP: 20 pips. This was a scalp trade which moved for a 20 pip gain…Note at worst on this trade, SL was suppose to be at BE after 15 pips if spread did not allow to close.
Overall Profit/Loss: +175 pips
Pips this Month: +275
Cable Focus & Analysis May 7
Resistances: 1.5321, 1.5150, 1.5045
Supports: 1.4704, 1.4598, 1.4427
Pivot: 1.4874
Overview of Predictions May 10
Prediction: Some crazy moves last week so we will post only scalp levels today so to minimize risk because of market volatility….supports are at 4825/30 and lower at 4750/45 and resistances at 4930/35 and higher at 5005/10…Scalp all levels…
Results:
1. Long @ 4831, DD: 0 pips; MP: 100+ pips. Price hit 4831 on our charts (2-4 pip exception) and quickly moved for a 30 pip profit.
2. Short @ 4930, DD: 15 pips; MP: 0 pips. Price stopped 5 pips away and retraced 20+ pips making this trade very risky but we count it like we call it.
3. Short @ 5005, DD: 0 pips; MP: 40 pips. This was our scalp level on which we banked 25 pips and closed at first sign of price stalling.
Overall Profit/Loss: +40 pips
Pips this Month: +315
Cable Focus & Analysis May 11
Resistances: 1.5184, 1.5071, 1.5002
Supports: 1.4777, 1.4708, 1.4596
Pivot: 1.4890
Overview of Predictions May 11
Prediction: Our outlook on GU is still bearish with supports at 4690/95 and lower at 4610/05 with some support at 4710 area.. resistances are at 4830 area and higher up at 4865/70…Trend top level and scalp the other levels…
Results:
1. Short @ 4830, DD: 0 pips; MP: 40 pips. Price hit 4829 on our charts (exception)and price quickly moved for 30 pips as this was a scalp level.
2. Short @ 4865, DD: 3 pips; MP: 57 pips. This was our trend trade and SL had to be moved to BE after 40 pips….also the trade could have been trailed by 40 pips as we have done on this trade which stopped us out for 20 pips.
Overall Profit/Loss: +50
Pips this Month: +365
Overview of Predictions May 13
Prediction: GU is ranging but more bearish with resistances at 4905/10 and higher at 4955/60 with supports at 4765 and lower at 4700/95…Scalp middle levels and trend top and bottom levels…
Results:
1. Short @ 4905, DD: 12 pips; MP: 150 pips. This was a scalp trade that we made 30 pips on but market really moved in our direction on this one…
2. Long @ 4965, DD: 14 pips; MP: 21 pips. This was a scalp trade that we was stopped out at break even, even though market moved 20+ pips. But it was marginally more so we count it as a BE trade.
3. Long @ 4995, DD: 8 pips; MP: 30 pips. This was a scalp trade that we banked 20 pips on.
Overall Profit/Loss: +50
Pips this Month: +460
Overview of Predictions May 14
Prediction: GU bounce on a good support with some reversal candle on M30 at 4554…we resistances at 4640/35 area and higher up at 4690/95 and a good level at 4720/25…and supports at 4555/60 and lower at 4483…Trend top level and scalp all the other levels…
Results:
1. Short @ 4634, DD: 0 pips; MP: 70 pips. This was a scalp trade that hit our 30 pips fairly quickly from resistance (exception 2-4 pips).
2. Long @ 4562, DD: 0 pips; MP: 19 pips. This was a scalp that was stopped at BE because the stop was moved at 15 pips. Note: Entry was our exception (2-4 pips)
Overall Profit/Loss: +30 pips
Pips this Month: +490 pips
Overview of Predictions May 17
Prediction: GU is very bearish with D1 break again….our resistances are at 4425 and higher at 4465/70 with supports at 4340 and lower at 4255…Trend top level and scalp the rest…
Results:
1. Short @ 4424, DD: 0 pips; MP: 45 pips. This was a scalp trade that gave 30 pips in 5 minutes…
2. Short @ 4465, DD: 2 pips; MP: 60 pips. This was our trend trade that we moved SL to BE after 40 pips and limit is usually 70-100 pips or to our support level, so we count this trade as a BE trade.
Overall Profit/Loss: +30
Pips this Month: +520
Overview of Predictions May 18
Prediction: GU at a strong resistance but we can se some up if 4490 is broken..we have supports at 4445/50 and lower at 4350 area with resistances at 4555/60 and higher at 4605/10…scalp all levels…
Results:
1. Long @ 4452, DD: 0 pips; MP: 65 pips. This was our scalp as all our levels today. This trade was an exception entry (2-4 pips exception) and moved for a 30 pip profit even though holding would have given more pips.
Overall Profit/Loss: +30
Pips this Month: +550
Overview of Predictions May 19
Prediction: GU is at a mixed stage but more bearish than bullish with resistances at 4345/50 and higher and a strong level at 4405/10, supports are at 4250/55 and lower at 4185/90…Scalp long and trend Short.
Results:
1. Short @ 4350, DD: 20 pips; MP: 55 pips. This was our trend trade that moved 50+ pips and came back to stop us out as we put stop at BE after 40 pips.
2. Long @ 4255, DD: 0 pips; MP: 31 pips. This was our scalp trade that we banked 20 pips.
3. Short @ 4402, DD: 0 pips; MP: 80pips. This was a trend trade that we closed late US session for a 40 pip profit (Note: entry was our 2-4 pip exception).
Overall Profit/Loss: +60
Pips this Month: +610
Overview of Predictions May 20
Prediction: GU is bearish with signs of some up move…we have resistances at 4463 and 4515/20 also 4420 area and supports at 4285/90 and lower at 4185…Scalp all levels…
Results:
1. Long @ 4285, DD: 2 pips; MP: 19 pips. This was a scalp that moved 19 pips and we got stopped out at zero because stop was moved to BE after 15 pips.
2. Short @ 4420, DD: 5 pips; MP: 30 pips. Trade was closed for 20 pips.
3. Short @ 4460, DD: 0 pips; MP: 45 pips. This was a scalp with an exception entry (2-4 pips) and was closed for 30 pips as a quick move down.
Overall Profit/Loss: +50
Pips this Month: +660
Overview of Predictions May 24
Prediction: GU is at a strong resistance at 4495/4505, if broken we will have a long outlook but for now we are still bearish with resistances at 4575 and higher up at 4595… supports are at 4395 and lower at 4330/35…scalp middle levels and trend top and bottom…
Results:
1. Long @ 4395, DD: 15 pips; MP: 0 pips. This was a scalp that the market did not respect for a -15 pips.
Overall Profit/Loss: -15
Pips this Month: +645
Overview of Predictions May 25
Prediction: GU is still very bearish with supports at 4300 and lower at 4285 and a strong level at 4240/35…resistances are at 4375 and higher up at 4455…scalp middle levels and trend top and bottom…
Results:
1. Long @ 4300, DD: 15 pips; MP: 5 pips. This was a scalp that took out our stop at -15
2. Long @ 4285, DD: 9 pips; MP: 18 pips. This scalp level did not move to our limit and stopped at BE.
3. Short @ 4375, DD: 8 pips; MP: 18 pips. This was our scalp level that did not give us enough for our limit.
Overall Profit/Loss: -15
Pips this Month: +630
Overview of Predictions May 26
Prediction: We have a bearish outlook on GU with resistances at 4425 and higher up at 4465 with supports at 4315/20 and lower at 4240…Trend top level and scalp the rest…
Results:
1. Short @ 4424, DD: 0 pips; MP: 23 pips. This was a scalp trade which hit our limit….also this level was very much respected by the market later in the trading day…
Overall Profit/Loss: +20
Pips this Month: +650
Overview of Predictions May 27
Prediction: GU starting to turn up a bit with resistances at 4520/25 and hgher up at 4570/75…supports are at 4445 area and lower at 4415…Trend long and scalp short….
Results:
1. Short @ 4520, DD: 15 pips; MP: 0 pips. This was a scalp level that got stopped for a 15 pip loss.
2. Short @ 4570, DD: 15 pips; MP: 100+ pips. This was a scalp level even though the market gave us more than our 20 pip limit, we closed for +20.
3. Long @ 4415, DD: 7 pips; MP: 150+ pips. This was our trend trade that we had to close at our top resistance level at 4570 for a 155 pip trade.
Note: One level that was not reached at 4445 by 4 pips did meet our exception as an entry but since our EA did not trigger this trade we did not count this one. Price missed by 4 pips the first time and moved 100+ pips so when price fell the second time we ignore this level and take the next one.
Overall Profit/Loss: +175
Pips this Month: +825
Overview of Predictions May 28
Prediction: GU is still bullish with resistances at 4640 and higher up at 4675 with supports at 4525/30 and lower at 4465…Scalp middle levels and trend top and bottom levels….
Results:
1. Long @ 4525, DD: 1 pip; MP: 24 pips. This was a scalp that hit our limit at +20.
2. Long @ 4565, DD: 25 pips; MP: 10 pips. This was our trend trade that we got stopped out for a -25 pip trade.
Overall Profit/Loss: -5
Pips this Month: +820
Overview of Predictions May 31
Prediction: GU is in a minor range with resistances at 4525/30 and higher at 4595/4600..supports at 4375/80 and lower at 4340…Scalp middle levels and trend top and bottom….
Results:
1. Short @ 4525, DD: 6 pips; MP: 19 pips. This was our scalp level that did not give enough to hit our limit and stopped us out at BE.
Overall Profit/Loss: 0 pips
Pips this Month: +820
Dear traders,
I had another great month and made 820 pips in May. During the months of February and March I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime.
Overview of Predictions June 1
Prediction: GU is still ranging with resistances at 4565 and higher up at 4595…supports at 4440 and lower at 4385…Trend long, scalp short….
Results:
1. Long @ 4440, DD: 2 pips; MP: 275. This was a trend trade that we hold to our top resistance which was a 155 pip trade.
2. Short @ 4595, DD: 15 pips; o pips. This was a scalp trade that was stopped for -15 pips.
Overall Profit/Loss: + 140
Pips this Month: +140
Overview of Predictions June 2
Predictions: GU is bullish but running into some 4h/d1 resistances….we have resistance at 4780 and and 4805…supports are at 4675 and lower at 4630 and key level at 4605…Trend top and bottom and key level, scalp others…
Results:
1. Long @ 4675, DD: 14 pips; MP: 29 pips. This was a scalp trade that hit our tp at 20 pips.
2. Long @ 4630, DD: 0 pips; MP: 60 pips. This was a trend trade that did not hit any of our resistances and we got stopped out at BE…
3. Long @ 4605, DD: 25 pips; MP: 28 pips. This was a trend trade that we got stopped out for -25 pips.
Overall Profit/Loss: -5
Pips this Month: +135
Overview of Predictions June 3
Prediction: GU at some resistance levels on h4…we have resistances at 4740/45 and higher up at 4785/90…supports at 4660/65 and lower at 4590/95, 4605/10 is also a support on h4…Trend bottom and top levels and scalp the rest…
Results:
1. Short @ 4740, DD: 2 pips; MP: 100+ pips. This was a scalp trade that was closed for 20 pips, market moved much more from this level.
2. Long @ 4660, DD: 5 pips; MP: 16 pips. This was a scalp that was stopped at BE as we move SL after 15 pips in plus.
3. Long @ 4590, DD: 4 pips; MP: 50 pips. This was a trend trade that was closed at 2 pm EST for a 40 pip profit.
Overall Profit/Loss: +60
Pips this Month: +195
Overview of Predictions June 4
Prediction: GU looks like its stacking up to go short (400 pips down to double bottom, this is a longer term outlook) so our outlook is bearish with resistances at 4685/90 and higher up at 4720…if price falls below last low at 4685 to 4610, then first support we see is at 4565, then 4530 and good support at 4440…Trend short and scalp long (NFP today so trade with caution around that time as price ignores levels at this time…)
Results:
1. Short @ 4681, DD: 0 pips; MP: 200+ pips. This was a trend trade that we entered with exception (2-4 pips) and we hold to our support at 4440 but we closed at 2 pm EST for 195 pips.
Note: Since we are in a trend trade we ignore supports till the last level. In our notes we were very bearish on GU this Friday…
Overall Profit/Loss: +195
Pips this Month: +390
Overview of Predictions June 7
Prediction: GU is bearish in our eyes with resistances at 4465 and 4540…supports at 4410 and lower at 4360…Trend top level and scalp the rest…
Results:
1. Long @ 4410, DD: – 15 pips; MP: 6 pips. This scalp trade got stopped out after going a little bit into profit.
2. Short @ 4465, DD: 1 pip; MP: 16 pips. This was a scalp trade that was closed at BE as price moved enough to move SL.
3. Short @ 4540, DD: 22 pips; MP: 100+ pips. This was our trend trade that that held up our SL and was closed at 2 PM EST for a 70 pip profit.
Overall Profit/Loss: +55
Pips this month: +445
Overview of Predictions June 8
Prediction: GU is still bearish to us with supports at 4455 and lower at 4410 with resistances at 4560 and higher up at 4605. Trend top level and scalp the rest…
Results:
1. Long @ 4455, DD: 15 pips; MP: 0 pips. This scalp trade got stopped as negative news came our for GU.
2. Long @ 4410, DD: 15 pips ; MP: 9 pips. This scalp was also affected by a news move and got stopped for -15
Overall Profit/Loss: -30
Pips this Month: +415
Overview of Predictions June 9
Prediction: GU is still bearish with our longer term prediction which we posted last week is still at double bottom around 4230 area…our supports are at 4305 and lower at 4255…resistances at 4480/85(risky), 4505/10 and higher up at 4550/55…Trend top level and scalp the rest…
1. Short @ 4485, DD: 3 pips; MP: 50 pips. This was a scalp trade that we took 20 pips from…
2. Short @ 4505, DD: 5 pips, MP: 2o pips. The scalp trade gave a little more than 20 pips from the level we stated for a 20 pip trade.
3. Short @ 4550, DD: 0 pips; MP: 27 pips. This trend trade got stopped out for -25 pips as it didn’t give us enough green pips to put SL at BE.
Overall Profit/Loss: +15
Pips this Month: +430
Overview of Predictions June 10
Prediction: GU had a run up after hitting good support but is up against some h4 resistances…we are slightly bullish with 4605 being a key level, if this is broken then some move long is coming…we have resistances at 4605 and higher up at 4670, with supports at 4545/40 and lower at 4475/80 with a key level at 4450…Trend top and key level, scalp the rest…
Results:
1. Short @ 4605, DD: 14 pips; MP: 40 pips. This was a scalp that missed our SL and hit TP for 20 pips.
2. Short @ 4670, DD: 25 pips; MP: 15 pips. This was a trend level that stopped us out for -25 pips.
Overall Profit/Loss: -5
Pips this Month: +425
Overview of Predictions June 11
Prediction: Our outlook has turned bullish on GU after fibo bounce a few days ago (will post weekly overview on this) we have supports at 4645 and 4605/10 with resistances at 4760/65 and higher up at 4850 which will be a very strong resistances in our opinion. Trend long and scalp short….4850 could also be treated as a trend level…
Results:
1. Short @ 4758, DD: 0 pips; MP: 200+ pips. This was our scalp level that we entered with our exception (price hit 4759 on our charts) and price quickly moved for a 30 pip profit.
2. Long @ 4645, DD: 25 pips; MP: 15 pips. This was our trend trade that stopped us out for a 25 pip loss…
3. Long @ 4605, DD: 25 pips; MP: 0 pips. This trend trade stopped us out as the market was in a big sell-off on Friday…(we noticed h1 candle formation on H1 TF after London open that there would be a major sell-off but we try not to change these levels….
Overall Profit/Loss: -20 pips
Pips this Month: +405
Overview of Predictions June 14
Prediction: GU is sightly bullish to us but still some down is possible…we have supports at 4615/20 and lower at 4550/55 with resistances at 4660 and higher up at 4690/95…scalp all levels…
Results:
1. Short @ 4660, DD: 11 pips; MP: 22 pips. This was a scalp trade that gave us our 20 pip target even though it took a while….
2. Short @ 4695, DD: 8 pips; MP: 12 pips. This scalp trade did not give us enough pips to move SL to BE and we got stopped out for -15 pips.
Overall Profit/Loss: +5
Pips this Month: +410
Overview of Predictions June 15
Prediction: GU is still bullish with supports at 4690/95 and lower at 4620/25..with resistances at 4805 and higher up at 4850/55…scalp middle levels and trend top and bottom levels….
Results:
1. Long @ 4690, DD: 9 pips; MP: 100+ pips. This was a scalp trade that market moved from very nicely and was closed for a 25 pip profit even though market gave much more…
2. Short @ 4805, DD: 5 pips; MP: 45 pips. This was also a scalp level that was a positive trade that gave some good pips.
Overall Profit/Loss: +50
Pips this Month: +460
Overview of Predictions June 16
Prediction: Some news today that might quickly move the market…Price has slowed down but it is possible we touch a little higher with resistances at 4855 and higher up at 4880…supports at 4770/65 and lower at 4710…Scalp all levels….(careful at GBP news time)
Results:
1. Long @ 4765, DD: 15 pips; MP: 10 pips. This was a scalp trade that was barely stopped out for -15 pips.
2. Short @ 4855, DD: 0 pips; MP: 100+ pips. This was a scalp trade that we stated yesterday that could be a trend trade if u hold this trade, we closed for a 30 pip profit as a max scalp trade take profit.
Overall Profit/Loss: +15
Pips this Month: +475
Overview of Predictions June 17
Prediction: GU is looking bearish with supports at 4605 and lower at 4540…resistances are at 4685 and higher up at 4735… Trend top level…scalp the rest….
Results:
1. Short @ 4685, DD: 15 pips; MP: 0 pips. This was a negative scalp trade for -15.
Note: Our other level came at news time and as this is a level trading style we stayed out of the market considering that the market spiked 40 pips in 1 minute…
Overall Profit/Loss: -15
Pips this Month: +460
Hello Traders,
I stopped posting trades several weeks ago. In the month of June I made 525 pips.
Starting today, I will start to post overviews of my previous day predictions.
Overview of Predictions July 12
Prediction: GU is very bearish with support 4935/40 and lower 4900/4895 with resistances at 5015/20 and higher up at 5055/60..scalp long and trend short…
Results:
1. Short @ 5015, DD: 25 pips; MP: 16 pips. This was a trend trade that hit our SL for -25 pips.
2. Short @ 5060, DD: 24 pips; MP: 65 pips. This was a trend trade that just missed our SL and was closed at 2 pm EST for a 50 pip profit.
Note: If entry at the second trend level was at 5055 then SL had to cover 5060 level by 25 pips with your broker spread taken into account.
Overall Profit/Loss: +25
Pips this Month: +65
Overview of Predictions July 13
Prediction: GU is still short with supports at 4935/40 and lower at 4895/4900 with resistances at 5015 and higher up at 5060….trend top level and scalp the rest…
Results:
1. Short @ 5015, DD: 5 pips; MP: 30 pips. This was a scalp trade that gave us 25 pips.
2. Short @ 5060, DD: 25 pips; MP: 6 pips. This trend trade hit our SL for a -25 pip trade as market reversed long.
Overall Profit/Loss: 0
Pips this Month: +65
Overview of Predictions July 14
Prediction: GU is hitting some resistance on D1 with our resistances at 5230/35 and supports at 5180/75 and lower at 5125…scalp all levels…
Results:
1. Short @ 5235, DD: 15 pips; MP: 0 pips. This was a scalp trade that hit our SL for -15 pips.
Overall Profit/Loss: -15
Pips this Month: +50
Overview of Predictions July 15
Prediction: GU slowly climbing north and is bullish to us with supports at 5235/40 and lower at 5210/15 with resistances at 5290 and higher up at 5340…scalp all levels…
Results:
1. Short @ 5290, DD: 15 pips; MP: 14 pips. This trade just missed enough pips to move SL to BE and then we were stopped out for -15 pips.
2. Short @ 5339, DD: 0 pips; MP: 29 pips. This was another scalp trade that we entered with our exception (2 pips on scalp trades) and was closed for a 20 pip profit.
Overall Profit/Loss: +5
Pips this Month: +55
Overview of Predictions July 19
Prediction: GU is still bouncing on a fibo like it wants to test 5470 area (ABCD Fibo) also daily candle pattern is a bearish pattern for us…we have support at 5235/40 and lower at 5205 with resistance at 5350 and higher up at 5390/95…trend bottom level and scalp the rest….
Results:
1. Short @ 5350, DD: 1 pip; MP: 90+ pips. This was a scalp level that price just touched and moved from for a 30 pip profit.
2. Long @ 5240, DD: 1 pip; MP: 18 pips. This was another scalp level that went 18 pips from our price into plus and then was stopped out at BE.
3. Long @ 5205, DD: 3 pips; MP: 35 pips. This was our trend trade that was closed at 2 pm EST for a profit of 30 pips.
Overall Profit/Loss: +60
Pips this Month: +115
Dear traders,
I had another great month and made 290 pips in July. During the months from February to July, I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime.
Overview of Predictions August 2
Prediction: GU trend is still long but we are not sure how much longer this can last since we are hitting some D1/WK resistance levels..we have resistances at 5750 and higher up at 5795/5800, with supports at 5665/70 and lower at 5595/5600…Scalp all levels…
Results:
1. Short @ 5750, DD: 15 pips; MP: 7 pips. This was a negative scalp trade as market continued trending long.
2. Short @ 5800, DD: 6 pips; MP: 17 pips. This scalp trade was stopped at BE after moving 15+ pips in the green and SL moved.
Overall Profit/Loss: -15
Pips this Month: -15
Overview of Predictions August 3
Prediction: GU still continuing its bull run up, for now there is signs of slowing…we have resistances at 5930/35 and higher up at 5965/70 with supports at 5885/90 and lower at 5790…..trend bottom level and scalp all others…
Results:
1. Short @ 5930, DD: 15 pips; MP: 0 pips. This was our scalp trade that we were stopped out for -15 pips.
2. Short @ 5964, DD: 0 pips; MP: 65 pips. This trade was taken with an exception (2 pip exception on scalp trades) and quickly moved for a 30 pip profit. NOTE: This trade could have been taken later with the same results as market did not want to pass this level.
3. Long @ 5890, DD: 1 pip; MP: 65 pips. This was also a scalp trade that quickly moved into the green and we took 30 pips. NOTE: The reason why some trades are held for bigger TP is because if market is quickly moving when hitting our level then there is a high probability that the trade will give good pips.
Overall Profit/Loss: +45
Pips this Month: +30
Overview of Predictions August 4
Prediction: GU is slowing this uptrend at 61% D1 fibo level…we have our resistances at 5960/65 and higher up at 5990/95 with supports at 5870 and lower at 5805/10….Scalp all levels…
Results:
1. Short @ 5960, DD: 0 pips; MP: 100+ pips. This was our scalp level on which we took 30 pips as price quickly moved from this level when it was hit.
2. Long @ 5870, DD: 8 pips; MP: 25 pips. This was also a scalp level where price action was very stagnant and trade was closed for a 20 pip profit.
Overall Profit/Loss: +50
Pips this Month: +80
Overview of Predictions August 5
Prediction: GU is starting to turn at 61% D1 fibo (5968) so our outlook is more bearish now with today’s resistances at 5925/30 and higher up at 5955/60, supports are at 5865/70 and lower at 5810/15…Trend short (from resistances) and scalp long (from supports)… There is some rate cut news on GBP so try avoiding these times (look up news times at Forexfactory.com)
Results:
1. Long @ 5870, DD: 15 pips; MP: 0 pips. This scalp trade was quickly stopped out as market starting to move down for a -15 pip loss.
2. Short @ 5923, DD: 0 pips; MP: 100+ pips. This was our trend trade that was entered with an exception (4 pip exception for trend trades) and just missed our bottom support on which we should close this trade and then was closed at 2 pm EST for a 50 pip profit.
Overall Profit/Loss: +35
Pips this Month: +115
Overview of Predictions August 9
Prediction: GU is running into a phsyco level at 1.60 so price is stagnant…we have our resistance at 1.6025/30 and supports at 5935/40 and lower at 5825/30…Scalp all levels…
Results:
1. Long @ 5935, DD: 5 pips; MP: 35 pips. On this scalp level the market quickly pushed us into the green and we took 25 pips in this trade.
Overall Profit/Loss: +25
Pips this Month: +140
Overview of Predictions August 10
Prediction: Our GU outlook is bearish with resistances at 5825/30 and higher up at 5860/65 with 5890 also a resistance…supports are at 5775/80 and lower at 5720/25….Trend top and bottom levels and scalp middle levels…
Results:
1. Short @ 5825, DD: 0 pips; MP: 100+ pips. This was a scalp trade that moved for 30 pips in a few minutes
2. Long @ 5780, DD: 15 pips; MP: 0 pips. This was a negative scalp trade as price earlier did not touch by 5 pips and then broke through at second attempt at this level for a negative trade.
3. Long @ 5720, DD: 11 pips; MP: 75 pips. This was our trend level from which we hold trade to last resistance level marked (5890). This trade was closed at 2 pm EST right before price spiked to our resistance but following the rules is always the better way to go in trade.
Overall Profit/Loss: +90
Pips this Month: +230
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