Archive for the 'losing trade' Category

Cable Still Looks Good For a Long

Published on 4 years, 2 months ago in forex encounters, GBPUSD and losing trade. 0 Comments

Just after the release of ISM results (not much reaction on price action btw), I was looking and scanning around the few hour chart duration of cable (GBPUSD).

Placed a long position at 2.0650, Stop Loss at 2.0620

30min gbpusd

The stick has just pierced through the 200EMA/SMA lines on the top, for 30 mins and 1 hour. It’s in the 38.2 range and might swing a little within the range. If you hit the 4 hour chart, MACD might reverse to the top still,

4hrs gbpusd

I’ll hold the position (or exit) till 2.0717 region and continue to see if it breaks the trendline on the top. Good luck.

Jude’s Daily Signal 06 August 07 – GBPUSD

Published on 4 years, 6 months ago in forex signals, GBPUSD and losing trade. 2 Comments

GBPUSD4hrs060807I’ve placed a buystop at 2.0448, stop loss at 2.0418 (30 pips)

Reason:

Following momentum on the 4hrs MACD, trendline on the top seems to be easier to break. And it’s still heading away from the 200EMA/SMA.

Also look out for:

The Industrial Production stats which will be released in 2 hours time. If there’s any chance of an open position, close it before the news or at least place your stop loss level properly.

Analysis by Tim Clayton – Production Shock Required To Trigger Sterling Reaction

Subscribe to the RSS feed so you can have a constant update on my signals. Alternatively you can come back often!