GBPUSD, A long-term analysis, A short-term trade

February 16, 2012
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GBP/USD:   Rob picked a hard one this morning, but I’ll do my best! I’m not interested in buying right now either, even though it’s going up,  and did just complete a little buy Combo Trade. Too late for that now. I can show you where I would be interested in a sell. DAILY CHART: [...]

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Jennifer, Here’s What I Think Of The GBP/USD

February 16, 2012
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Posted at 6:52am Pacific Time Here are some charts Some thoughts 1. I think the monthly pivot will be hit. The EURUSD led the way to reconciliation with its own monthly pivot, and the GBPUSD is probably next. 2. I like a sell trade below 1.5670 (if we can do that) for a trade down [...]

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EUR/USD – Wednesday, February 15, 2012 — Significant looking sup/res

February 15, 2012
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Hello Yo’s! I know the EUR/USD is your favorite short-term trading pair, right?? Who doesn’t love it? I mean, who besides me doesn’t love it?  (Why don’t I love it? I don’t know, I’ll bury the hatchet eventually…) Here is my favorite 4Hour chart: I hope you can see the faint grey line. That is [...]

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GBP/USD, +60 pips, Tuesday, February 14, 2012

February 14, 2012
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Hello Yo’s! Happy Valentine’s Day! I hope you got something soft and sweet for your Lovie today. Yesterday’s trade setup on GBP/USD gave me +60 pips. I took it in two pieces of 30 pips each. Delicious. You can review yesterday’s setup at this link. Here is how it looks the daily bands chart: This [...]

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GBP/USD Puts On The Fancy

February 13, 2012
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Jennifer had a typically brilliant post this morning, and it’s here waiting for you if you missed it. My thought about the GBP/USD – which I trade infrequently – is that it is gearing up for a big increase in volatility. The CCI has room to drop on this 4 hour chart, expanding the box [...]

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GBP/USD SELL TRADE SETUP, Surprise Box, Combo, Support Resistance, Burberry, February 13, 2012

February 13, 2012
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  Burberry! Wait, what? Well, I hope you had a marvelous weekend! I did my favorite thing, which is go down to the mall and browse around the Burberry store. I didn’t buy anything (this time), but I sprayed on my favorite perfume, and I tried on the shi shi coats, and looked at every [...]

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A look at the GBPUSD

February 9, 2012
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Jennifer asked if I’d like to look at the GBPUSD and by golly, yes I would. Here is a chart: That’s the 4-hour job right there, and it’s trading in a swirling heap of Sideways, which is always good for those of us who like to see big breakouts. I don’t know about you, but [...]

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Trade GBPUSD from the daily chart, Risk:Reward 1:5

February 9, 2012
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Hello Trader Friends. Here’s a trade idea for the GBP/USD from the daily chart. The risk is low, 1:5, and the odds are high. Well… I don’t have an actual statistic for the odds, but I’m estimating some degree of likelihood that eventually this pair will return to the 20 EMA on the daily chart. [...]

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Thursday, February 2, 2012 — EUR/USD, up or down? I have a trade either way.

February 2, 2012
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Here are some trading notes for EUR/USD. I was in this trade lat night and got up in the middle of the night to move my stop to break even. When I woke up this morning it had closed at break even. That’s just fine with me. Remember, more break evens in a month of trading [...]

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Tuesday, January 31, 2012 — GBP/USD simple support/resistance meets Combo Trade

January 31, 2012
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Hello Trader People, Yesterday I posted a EUR/USD chart for you (link). That setup is getting close to firing off again, if you’re interested in a sell on EUR/USD. Today I have a GBP/USD chart to show you. The setup is a simple support/resistance trade, where the old sup/res lines are lining up with my [...]

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