Looking at this chart I would lean toward an uptrend beings that it has retraces beyoun 50% on the daily high and low and bounced off of 38.2 fib of the 12/6 low and 12/15 high. Once it reaches the high of 231.77 see it that becomes a resistent ...

james16 Chart Thread

appreciate the comment. You say a much lower close. Do you normally look at it in a pip count or another way?

james16 Chart Thread

Is the gbp/jpy reversing? With the IB Closing Lower then previous days high was that an indicator of the last day Bearish bar coming?

james16 Chart Thread

Can someone give me some guidance on this weekly chart for Gbp/Usd? What should I look for in planning to trade this in the upcoming week?

james16 Chart Thread

Here is a chart that shows the gbp/usd movement since 10:30 et. The news made things go wild. Is this still a trade worth considering? Would you wait until 1.9580 or go ahead and enter in at the current price when the market opens.

Low Risk, High Reward Trading Experiment

seems like the pound is on a down trend what do you base that on. I will more then likely be trading the pound so any ideas you have is great

Long Term Swing Trades

Looking for a swing trade next week with a live account any ideas.

Long Term Swing Trades

Closed order at 1.3801 based on 15 min chart trying to go above 1.3823. As I said this is on a demo accout (trading gbp/usd on live) but treating demo trades like real money. As much as you can. Plus itme said this pair is heading for a down trend.

Long Term Swing Trades

GBP/JPY rose to 230.99, 49 pips higher than our estimated high of 230.50. We now expect a wave c fall to about 230.40, followed by a rise to a new high at about 231.50 Trend analysis: the current estimated ultimate high for this trend is about ...

Low Risk, High Reward Trading Experiment

Itme the gbp/usd is currently at 1.9642 do you not for see any reversal up to 1.9730 or above again?

Low Risk, High Reward Trading Experiment

This is what it has done so far this week

Long Term Swing Trades

I based my descision to go long on the gpy/chfon this type of retracement pattern and with the six days hitting 1.3800 and above for highs.

Long Term Swing Trades

where is that level at

Cable Update (GBPUSD)

excuse me I jut woke up drop

Cable Update (GBPUSD)

what did you base your 9590 droup on

Cable Update (GBPUSD)

Nice call It is something how the fibs work. Not trying to get the cart before the horse it still has to play out. But looks good.

Cable Update (GBPUSD)

woops here's the chart

Cable Update (GBPUSD)

See how our charts differ

Cable Update (GBPUSD)

read the chart. You may not find it helpful. Then ignore it

Cable Update (GBPUSD)