Archive for the 'GBPUSD' Category

Page 2 of 2

PeterB’s Daily View On Cable – 4rd July 07

Published on 4 years, 10 months ago in forex signals and GBPUSD. 3 Comments

Cable is in a consolidation after the last bullish movement. The price is just bellow 2,0190 resistance. The volatility is low. Uptrend should continue to gather momentum. My position is still the same as yesterday, buy on the dips while it’s consolidating.

I will open a long position again at around 2,0170.

Put the stop loss below 2,0130 (-40 pips).

The target is 2,0220 (+50 pips)

Every trade is Risky, be carefull and use your stop loss. Again I would reccomend using small lots or less than 1%. at 1% with a stop at -40 pips your risk is 0.4%,

Happy trading

PeterB’s Daily View On Cable – 3rd July 07

Published on 4 years, 10 months ago in forex signals and GBPUSD. 1 Comment

Hi all,

My name is PeterB and I’ve been trading the cable for quite some time now and thoughts it might be a good idea to post some of my thaughts for the pound. So I’ll popin here daily and post my trades for the day. I’ll be posting at around 7am my time thats, GMT -2 at this stage.

my position/s for today are:-

2,0172. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. pound is bullish atm. The uptrend should continue to gather momentum.
I will take a long position at around 2,0170.

I will put the stop loss below 2,0140 (-30 pips).

The targets are 2,0210 (+40 pips)

Every trade is Risky, take care and use your stop loss. Especially at these levels, I would reccommend trading with small lots or not more than 1% of your portfolio. It seems that the market is buying the cable on the roumer (BoE interest rate hike) this week, and there’s a chance that it will sell on the fact, so we could see a retrace after the release.

Happy trading.