Posts Tagged by gbp

Tightly Wound Pairs and Strong Trends – Which Pairs to Trade? And How?

July 28, 2009

Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas, Techncial Analysis Tutorials

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Today I am going to briefly go over a few things to notice in the markets. For those of you who actively trade you will have noticed certain pairs have died – meaning volatility and movement has decreased. Other pairs have been extremely active and have developed strong trends. Certain strategies work during certain types…

GBP/USD Day Trade Setup – July 16

July 16, 2009

Posted by admin under Day Trading Ideas, Swing Trading Ideas

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The GBP/USD currency pair has formed a downward sloping flag formation. This sets up a potential trade, and due to the action leading into the current formation, we have multiple profit targets. A break above the upper channel line (see chart) indicates a swing higher with a target of 1.6500. A move aggressive target is…

GBP/USD Forex Day Trading Idea – June 1

June 1, 2009

Posted by admin under Day Trading Ideas, Swing Trading Ideas

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The pair has consolidated but is still in an uptrend. While a break higher is more likely, a break in either direction is tradeable. A break above 1.6240 would target 1.6300. A move below 1.6210 provides a profit target of 1.6180-1.6170. This trade idea is based on a 15 minute chart for the GBP/USD currency…

GBP/USD Forex Day/Swing Trade Idea – 1 Hour, May 24

May 24, 2009

Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas

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May 24, 8:00 PM GMT The markets are currently closes at the time of the this writing. A wedge has formed in the GBP/USD currency pair. This provides for potential day trades or swing trade set ups. The wedge is providing resistance in the 1.6000 area and support can be found at 1.5900. These these…

GBP/USD Forex Day Trading Idea -May 22

May 22, 2009

Posted by admin under Day Trading Ideas, Swing Trading Ideas

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May 21, 5:39 PM GMT The GBP/USD is marching sideways over the last hour, possibly as traders await Ben Bernanke speech at 6 PM GMT. A very small ascending triangle has formed within a larger ascending triangle. Prices have just broken down out of the small triangle, but a break of the larger formation would…

GBP/USD Forex Day Trading Idea – May 21

May 21, 2009

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May 21, 6:45 GMT The GBP/USD is likely to break out of the current range as we head into the London session. This range is easily seen on a 15 minute chart. Current patterns indicate a continuation of the uptrend. A move above the recent high at 1.5815 offers an initial profit target of 1.5870. …

GBP/USD Forex Day Trade Idea – 30 Min Chart

May 20, 2009

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May 20, 5:07 AM GMT After a strong push upwards by the GBP against the USD in the earlier European session, the pair consolidated through the US session and is currently range bound. The breakout of this range offers a profit target of 100 pips +/- the breakout price. Currently the short term trend line…

GBP/USD Forex Day Trading Signal-15 Min Chart, May 11

May 11, 2009

Posted by admin under Day Trading Ideas, Swing Trading Ideas

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Still having some issues with some of the page links on the site. The issue is being worked on, and hopefully we will have everything back to fully functional soon. Thanks again for your patience. May 11 5:51 AM GMT The following is a forex market commentary based on technical analysis for the GBP/USD currency…