forex experts say GBPUSD is going down.
Posted on Monday, May 3rd, 2010 at 4:39 pm.
Looking at the ecomonic side of trading as well as the technical trading experts are expecting the GBPUSD currency pair to continue too drop over 1000 pips in the next few weeks. One thing we can use because the market is consolidated at this point of time is the Forex magic stick. Looking to put your sellstart command and entry point 1.5227 and sellsl command at the last swing point located at 1.5287 and first take profit is 1.5151 at this point of time. You can adjust break even once the market is in profit 50 pips and it will become a risk free trade. Trading with magic stick has made it so easy and helps me stay out of slow markets so look at this projection and see what happens. You will be amazed what this Forex EA can do.
The Trade happened
Posted on Tuesday, April 27th, 2010 at 6:09 am.
Trade did what we expected and if you were using magic stick on the GBPUSD you woulde be up about 80 pips. It’s amazing how easy it is too use especially when you can’t stay awake during london session. I personally use Forex.com for one of my brokers and exciting to see how accurate we have been hitting our take profit points. We do have some major fundamental news to happen here soon. I do expect alot of the YEN pairs to continue the drop and consistently dropping through out the day. All we hear is great feed back about magic stick giving the traders time to sleep and not having to worry about missing these big moves.
Wedging Pairs
Posted on Tuesday, March 30th, 2010 at 7:36 pm.
Dr. Blythe here,
Wedges are great formations where we use support and resistance lines and trend lines to show us the market movements. The EURUSD pair on the daily chart has set up a really nice wedge formation and well as the GBPUSD daily chart. Once we get the breakout we can expect some really large movements so keep an eye out.
GBPUSD
Posted on Thursday, March 25th, 2010 at 5:48 pm.
The GBPUSD has just completed the 4th wave of the Elliot Wave Theory. As of now I am waiting for confirmation that the 5th wave is beginning and will be taking this pair short to around 1.46 even. I have already taken several positions on this one and am awaiting a retest of the daily pivot point before getting in at around 1.4882. I will then be looking for just under 300 pips for a profit target on that position not to mention multiple positions along the way, looking to bank in over 1000 pips on this Currency move.
break away then a pull back
Posted on Monday, March 22nd, 2010 at 3:55 pm.
We saw some great moves on the EURUSD, GBPUSD, EURJPY, and GBPJPY now looking for them too retrace after the big move down. Amazing to see threse trades followed alot of the rules we mention in forex addicts and we would like to educate traders around the world and getting a better results in their trades by learning the way fo the forex pros. We have alot of those individuals that really are excited to learn with us and have seen live trading results in a week. The reason is they are learning the forex the right way. Expect some really nice moves in the markets later this week happy trading.
Nice moves on the eurusd, gbpusd, usdchf, and jpy pairs
Posted on Wednesday, February 24th, 2010 at 9:57 pm.
As prophesied on chart therapy, there have been some nice moves in the past 10 hours resulting in 100′s of pips. I can’t stress this enough, if you don’t have the education that you need to take advantage of these pips it is simply because you are not enrolled in the addiction anonymous club. We meet three times per day and two full time traders go over all the pairs and do chart analysis with you. Chart Therapy was set up in order to educate others and help you become a profitable trader. Get involved and start making money in the forex market!
Breakout Trades/Daily Gap Moves
Posted on Tuesday, February 16th, 2010 at 12:29 pm.
As Joey said, We finally had some movement! Monday was a Holiday for the USD, and so there was minimal volatility in the Forex Markets. Looking across several pairs there were a lot of consolidation areas, and points of interest to use for breakout entries. Many pairs have been overbought or oversold and away from the daily gap for some time now. Finally this morning several of these pairs including the EURUSD, GBPUSD, EURJPY, GBPJPY, and USDCHF broke out of their consolidation areas, crossed the hourly gap and have begun their moves back toward the daily gap or the 38.2 fibonacci retracement level. I am looking for these currency pairs to consolidate a little over the next several hours and maybe even make some re-tests of previous support and resistance before continuing the movement later on tonight! Happy Currency Trading!
Break out Trade with the FOREX
Posted on Wednesday, February 10th, 2010 at 7:06 pm.
We should expect some break outs to happen tonight with the AUDUSD NZDUSD and at the Asian Session anything trading against the Yen we should get ready for a break out. If you are trading the london session look at the GBPUSD and the EURUSD we should see some action tonight and thrusday. Exciting part with trading with us you will see amazing pips tonight.
Reversal pattern EURUSD GBPUSD
Posted on Monday, February 8th, 2010 at 11:16 am.
A lot of the Markets are over bought and over sold look for the reversal and trade with a small amount you be able to benefit of these markets. In the Forex i’m looking at the EURUSD GBPUSD to trade to the 1hr gap for my first target if it bridge the 1hr gap then i’m going to the daily gap. Looking at the candle stick pattern it’s hitting a major support resistance level and reversing. If you decide to stay in the market longer than a few days i would recommend you use proper money management and trade with a small amount. EURUSD here are my parameter of the trade. Entry point 1.3683 stop loss at 1.3618 take profit at 1.3798 so it’s a 2:1 ratio set your trade and make some money.
Long term trade
Posted on Monday, February 1st, 2010 at 10:45 am.
I mention that there would be reversals in the Forex market. As the EURUSD or EURJPY are revering back to the daily gap. The USD currency pair should be weakening this week. GBPUSD i’m going long and trading it back to the weekly pivot point because alot of the market you will see that the dollar is weakening.
