We see GU hitting a strong support yesterday and forming a strong hammer on the daily chart.
I will consider going long when i see price violate the resistance 1.6477 with resistances at 1.6519,1.6550,1.6594.
BUY GU @1.6486
its been quite a day today, my signal did not trigger today cos market went the other direction.Thats the beauty of fx, its so dynamic.
So i did not have a trade today.
Am posting today's signals soon.
Sorry guys i cldnt post as i promised it was due to my system.My system developed a little error which i just resolved and i notice that market as already moved some pips but never to worry.
There is always another( thats wat i said anytime i miss a trading opportunity).
Consider shorting GBPUSD at 1.6350 since Moodys is warning to downgrade UK debt rating. Long term this is bad news for UK and Sterling may weaken against other currencies, especially EUR.
I totally agree with you my brother.
If price takes out resistance around 1.4781,i will consider buying eurusd up till 1.4905 with resistance at 1.4850
on the the down side if eurusd clearly take out 1.4715 i will consider selling eurusd with targets at 1.4672, 1.4623 and 1.4563
If price takes out 1.6322,i will consider going long on gbp/usd with targets at 1.6381,1.6410,1.66449
on the other sider if gbp/usd takes out support around 1.6255 i wil seell gbpusd downto 1.1664 with targets at 1.6228, 1.6190 and i.6164
GBP/USD and EUR/USD has really been in a choppy move for this week and i think this is due to the fact that we are nearing the end of the year.
I am particularly careful before placing a trade this days and i will advice you the same.
if i see price take out 1.6345, i will consider buying gbpusd with targets at 1.6399/ 1.6457
NB: Pls note i will love to stick to a breakout on buy on GU, hence thats why i didnt put any sell signal here.
I will consider going long on eurusd if i see price take out resistance around 1.4760 with targets at 1.4783/ 1.4813/4857.
on the short side if i see eurusd take out support around 1.4674 i will consider selling eurusd with targets at 1.4640, 1.4518
i hope you took advantage of my signals today?
I did have a wonderful trading week; i hope u do too.
If I see price take out support below 1.6148..i will consider selling gbpusd with target at 1.5977
on the upside if i see price take out resistance around 1.6345..i will consider buying gbpusd with targets at 1.6442, 1.6507 and 1.6600
gj gu in a range
today i think gj gu ranges i wait for brake out to consider trading those pairs will be posting my entering and exit limit letter thanks.
small +small +small=Big
Bring it on my brother.
Thanks for sharing
If i see price take out resistance around the fib level and trendline of 1.6343, i will consider going long with mt targets at 1.6432/1.6475/1.6570.
Buy GBP/USD @ 1.6354
If i see eur/usd take out resistance around 1.4662, i will consider going long with my targets at 1.4685/1.4735/1.4768.
On the other hand if i see price take out support around 1.4581, i will consider going short till 1.4484.
Today's signal was wonderful, though our buy signal did not trigger on gu,our sell signal on eu make up for it and i was able to come out fine today.
Am really been careful with trading these days cos is nearing the end of the year and in actual sense am stopping trading at the end of this week after a long long trading year to spend some time with my family.
I will be posting my last signal for this year tomorrow cos am travelling on friday.
I WIN I WIN I WIN I WIN I WIN I WIN I WIN
Last edited by jazesfx; 12-15-2009 at 10:04 PM.
If i see GU violate 1.6235,i will sell gu till 1.6207/1.6173/1.6078.
To the upside if i see gu violate 1.6324, i buy gu uptill 1.6364.
|We Buy||We Sell|