GBP/USD Latest Signal - Breakout System

GBP/USD buy . Target profit area 1.7174 to 1.7184. Stop lost 1.7110. Risk reward ratio  0.65. 

Good luck!

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GBP/CHF UPDATE - 1HOUR

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GBP/CHF UPDATE - DAILY

After a week, looking at the DAILY TF, the trend seem like to make bullish continuation trend. Validation of this count - II? only happen when the trend break the uptrend greenline and probably the price will achieve near the resistance line (blue).
If the trend continue break the resistance (blue line), all the counting (II),I?,II? will be in invalid.
Anyway, I am looking the best entry point to sell for this week. And I believe the GBP/CHF will be continue to bearish due to GOLD price still in bullish(progress to achive USD1500/0z)

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GBP/CHF UPDATE - 1HOUR

Trade Idea
SELL GBP/CHF take profit TP1 = 1.4520 TP2 = 1.4470 Stop lost, SL = 1.4800

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GBP/CHF UPDATE - 1HOUR - sub [3] WAVE V in progress

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GBP/CHF UPDATE - 1HOUR - WAVE V in progress

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GBP/CHF UPDATE - 1HOUR

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Japan events is shaking it's economy

Japan stock market dropped for 6.18% in Monday. At the same time bank of Japan promise to refresh economy with 15 billions yen injection to bank system. All factories closed "Nissan" stocks price dropped for 9.5%. "Honda" stocks falled for 9.1%. The biggest drop experienced Tokyo electric power company, which stock prices falled for 24%. Originally from www.zoominforex.com READ MORE

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GBP/JPY

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GBP/CHF UPDATE - DAILY

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GBP/CHF UPDATE

Consideration point:-

1. If the trend break the DOWNTREND LINE(red color), the price will go down to find the nearest support 1.4466(horizontal line red color) and the counting i of c and ii of c is invalid and will recalculate.
2. If the price achieve 1.4680, the trend will bullish until the red box area (the best to TP 1.4750 according to the fibo). And consideration wave C of (IV) is complete.

Trade IDEA :-

BUY STOP GBP/CHF at 1.4680 TP = 1.4750 TP2 = 1.4800 SL = 1.4560

Good luck!!!!

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LATEST SIGNAL GBP/USD

GBP/USD BUY STOP 1.4500 TARGET 1.4650 STOP LOST 1.4350

UPDATED 18 MAY 2010 0145pm GMT +8

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GBP/USD UPDATE

Break the horizontal line 1.4500, the trend will start bullish. This trend will consider C in correction. This is the time to make BUY STOP at 1.4500 and target should be 1.4650 and Stop lost 1.4350. Good luck!

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LATEST SIGNALS GBP/USD

For a while I can't state any wave neither A or (1)in correction for A. But what I saw a potential position for buy. The trend will bullish until the small red rectangle I guess. Good luck!

LATEST SIGNAL BUY/SELL LIMIT AND BUY/SELL STOP

GBP/USD BUY LIMIT AT 1.4430 TARGET = 1.4660 STOP LOST = 1.4300

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GBP/USD UPDATE

I will give the comments later. Thank you.

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RESULT OF THE WEEK

This is the result using ELLIOT WAVE + TRENDLINE + FIBONACCI. Cool ...... amzingly more than 300% in a week !!!

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GBP/USD UPDATE

As mentioned before, the price bearish until the green area. As shown above, the last bearish candlestick close at 1.4514 in mychart at 12.00 London time. From the trend and calculation if not wrong, the trend will continue to do ranging market in this double session (Europe and US). The white box as shown above, I predict will be rangging and slightly chopping market. This is the time to make decision stay away from the wave or swim the highly tide wave! And it will continue rangging or chopping market until US market close. Beware also the rectangle white colour below (which I stated SELL TRAP AREA). Moreover, today is FRIDAY. So it will influence the MOOD of trader!!!!

Next post I will show you guys the result of my trading for this week. Good luck and happy weekend!!!

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GBP/USD

As predicted before! The price achieved the red line area in completing the correction along the ASIA market. As I mentioned before, when it touch the red line, the wave 3 in intermediate subwave will start. My pending order also executed! Ride the wave and make trailing stop at +100pips. Ride the wave guys!

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GBP/USD UPDATE

Welcome back. As I look the trend today, breaking the trendline downward, indicate the trend will be bearish. Anyhow, the candlesticks after the break trendline, shown ranging market at US session. Most probably, there are small correction in the ASIA session. The price will go up until the red line as completing the correction in small range of price (40 - 60 pips). When it touch the red.....the bearish will start again to complete 3rd wave in intermediate. The green colour will be sweet area to buy back or in other words as PULL BACK price! Good luck!

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GBP/USD-WAVE-UPDATE

GBP/USD almost complete the [C] as my prediction although it took 2 day. The blue rectangle I indicate it as sweet area to buy in the range area of 1.6716 to 1.6670. I made buy position at 1.6710 to target 1.6800 to exit in this short time for my intraday trading position while I put stop lost at 1.6640.

At the same time I still observe GBP/JPY. The week of correction! CORRECT....CORRECT.....CORRECT!

Happy trading!

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