Hi Everyone
I am a full time trader in the uk and as of Monday the 5th of Feb i am starting i free signal and tec analysis service thread on the � /$ for everyone to test
Will do other currencies later
Would be happy to receive everyone’s comments
Jim 
where will the thread be (here?) and what time will signal be posted every day
GBPUSD is taking a nice dip after a rise towards 1.9740 level. The dip is expected to continue towards 1.9607 level where the retracement is expected to be completed and GBPUSD is then expected to resume its log-term upward trend.
Most traders will look to buy GBPUSD today on dips towards 1.9600 level for targets above 1.9725 which could then be extended to 1.9850 level. Break of 1.9600 today will take GBPUSD towards 1.9512 level. RSI is around 51 in daily charts and don’t seemed to play much part in GBPUSD’s movement today.
You could Buy @ 1,9607 P/L 1,9667 S/L 1,9577
tq bro !
but im only take short positon in my cable trades…
There seems good support at 1,9550 its hitting the 38 level on fib on the daliy
I will look at a Buy if we hit 1,9600 / 1,9635 should go up to 1,9700
Until then i remain short
Looking for direction at historically very high levels yet managing to hold within a relatively narrow range.
More of the same this week, with prices probably holding between 1.9500 and 1.9700 most of the time.
Strategy: Buy at 1.9600/1.9550; stop well below 1.9500. Short term target 1.9700/1.9750.
Chart Levels:
Support
Resistance
Direction of Trade rangeing today
1.9589
1.9617
1.9537
1.9670
1.9500
1.9700
1.9483*
1.9750*
1.9435
1.9850*
tq james for your efforts
…at least i can get the ideas since i also trades on cable only !
Goodmorning
Sterling/dollar managed again to break the tip of a triangle on Tuesday, when it rallied aggressively to reverse Monday’s losses. The recovery was helped by a strong retail sales report. Again, the pair needs more information before a new direction ensues.
There is immediate support at 1.9660. A break below the 1.9570 level would signal a decline to 1.9534, but this is unlikely.
Initial resistance is at 1.9750. If this Fibonacci retracement level breaks, then the pound would challenge the next level 1.9822 - but this is very unlikely.
Oscillators are mixed.
NEAR-TERM: Mixed
MEDIUM-TERM: Bullish
LONG-TERM: Mixed
Look upto 19750 today
james keep it up. u are great
Update
Buy @ 1,9730 s/l 1,9700 t/p1 1,9740 t/p2 1,9750 t/p3 1,9770
or
Sell @ 1,9670 S/L 1,9700 T/P1 1,9660 T/P2 1,9650 T/P3 1,9630
Despite intra-day rebound to 1.9730, failure to
break y’day’s 1.9735 high n current retreat suggest
caution on our long n 1.9692 must hold fo prospect
of a resumption of upmove, abv said res wud extend
gain twd 1.9750 but 1.9775/80 shud limit upside.
Trade fm long side, stop below there, break wud
risk stronger retrace. twds 1.9670/74…
Range Forecast
1.9695 / 1.9725
Resistance/Support
R: 1.9735/1.9750/1.9803
S: 1.9670/1.9617/1.9588
possible Buy on a dip to 1.9650, adding to 1.9600; stop well below 1.9500. Short term target 1.9750.
Possible Buy at 1.9580; stop well below 1.9500. Short term target 1.9700/1.9750.
No offence James,
I’ve been reading your posts for a while now.
But what sort of a goose chase of a Long trade did you post today ?
I can’t think of any TA related reasons to long at the climax of a break low?
How did you come by that ?
I trade aswell and i know losses do occur, but this would have been a careless loss.
What compelled you to long there ? I am honestly curious to understand what analysis or news biased you for this long.
Best Regards,
E. Lang
Hi Elang
Glade to
look at the daily chart for today, using fibonacci retracement its trading in the top half so it was ( possible ) and it was forcast for a flat ranging day .
Jim
I see where you’re coming from now Jim,
Thanx for explaining, got me confused
Good trading!
Regards,
E. Lang
GBP/USD
Buy at 1.9455 SL 1.9425 TP1 1.9465 TP2 1.9475 TP3 1.9485
Sell at 1.9398 SL 1.9428 TP1 1.9388 TP2 1.9378 TP3 1.9368
(Move stop to breakeven after position reaches TP2)
I got took out at stop loss. Man, these charts are all over the place. Anyone know why?
Can you post your chart? what are the paremeters of your entry?
sorry about that, i did not mean this threads charts. i meant the whole overall mkt.
Hi Guy’s
I am sorry but i don’t have a lot of time at the moment to do signals when you need them so here is a post were you can make your own and as aways for free.
Regards
James
