4:30am (NY Time) UK Manufacturing PMI Forecast 61.5 Previous 62.0
ACTION: GBP/USD BUY 63.5 SELL 59.0
The Trade Plan
We are looking for a tradable deviation (or the difference between the forecast figure and the actual release figure) of 2.0, and because this is a leading indicator and its impact may hint that the future trend of other economic indicators (such as inventory, employment, retail sales, etc..), market usually reacts to this release with volatility if we get our deviation.
We will be looking to BUY GBP/USD if we get a 63.5 or better, or looking to SELL GBP/USD if we get a 59.0 or worse, we’ll be using the Retracement Trading Method to trade this release.
Happy Trading!
Monday, February 28, 2011
Wednesday, February 9, 2011
Happy tradinging!
Today is hard to predict, because there are a lot of news, so please watch it carefully especially on UK Interest rate statement.
EUR/USD
May be after from around 1.3750 or higher, then it is more likely to go down to around 1.37 or 1.3650, and after that, it might have potentially to go up to around 1.3730.
(Current Price: 1.3728)
GBP/USD
May be after from around 1.6130 or higher, then it is more likely to go down to around 1.6070 or lower than 1.6050, and after that, it might have potentially to go up to around 1.6150.
(Current Price: 1.6100)
EUR/USD
May be after from around 1.3750 or higher, then it is more likely to go down to around 1.37 or 1.3650, and after that, it might have potentially to go up to around 1.3730.
(Current Price: 1.3728)
GBP/USD
May be after from around 1.6130 or higher, then it is more likely to go down to around 1.6070 or lower than 1.6050, and after that, it might have potentially to go up to around 1.6150.
(Current Price: 1.6100)
Monday, January 31, 2011
Beware of the economic news!
EUR/USD
It is hard to predict, may be after from around 1.3730 or 1.3760, then it is more likely to go down to around 1.3650 or lower.
(Current Price: 1.3704)
GBP/USD
May be it is more likely to go up to around 1.6030 or may be higher than 1.6070, and after that, it might have potentially to go down to around 1.59.
(Current Price: 1.6017)
It is hard to predict, may be after from around 1.3730 or 1.3760, then it is more likely to go down to around 1.3650 or lower.
(Current Price: 1.3704)
GBP/USD
May be it is more likely to go up to around 1.6030 or may be higher than 1.6070, and after that, it might have potentially to go down to around 1.59.
(Current Price: 1.6017)
Sunday, January 30, 2011
Conquer the markets today.
EUR/USD
After from around 1.3580 or 1.3550, then it is more likely to go up to around 1.3650 or higher.
(Current Price: 1.3609)
GBP/USD
After from around 1.5830 or lower, then it is more likely to go up higher than 1.59.
(Current Price: 1.5859)
After from around 1.3580 or 1.3550, then it is more likely to go up to around 1.3650 or higher.
(Current Price: 1.3609)
GBP/USD
After from around 1.5830 or lower, then it is more likely to go up higher than 1.59.
(Current Price: 1.5859)
Friday, January 28, 2011
Hope you will have a nice trade today!
EUR/USD
It is more likely to go up to around 1.3750 or higher than 1.3770, and after that, it might have potentially to go down to below 1.3670.
(Current Price: 1.3691)
GBP/USD
It is more likely to go up to around 1.5950 or 1.60, and after that, it might have potentially to go down to below 1.59.
(Current Price: 1.5861)
It is more likely to go up to around 1.3750 or higher than 1.3770, and after that, it might have potentially to go down to below 1.3670.
(Current Price: 1.3691)
GBP/USD
It is more likely to go up to around 1.5950 or 1.60, and after that, it might have potentially to go down to below 1.59.
(Current Price: 1.5861)
Thursday, January 27, 2011
Good luck to you.
Beware of the US FOMC Meeting that will be announced at 2:15am GMT+7. We suggest you to follow the trend 30 to 45 minutes after the news. If Zig Zag then don’t follow it.
EUR/USD
It is hard to predict, may be after from around 1.36, then it is more likely to go up to around 1.37, and after that, it might have potentially to go down to around 1.3650.
(Current Price: 1.3666)
GBP/USD
Also hard to predict, may be it is more likely to go up to around 1.5950 or 1.60, and after that, it might have potentially to go down to around 1.59.
(Current Price: 1.5872)
EUR/USD
It is hard to predict, may be after from around 1.36, then it is more likely to go up to around 1.37, and after that, it might have potentially to go down to around 1.3650.
(Current Price: 1.3666)
GBP/USD
Also hard to predict, may be it is more likely to go up to around 1.5950 or 1.60, and after that, it might have potentially to go down to around 1.59.
(Current Price: 1.5872)
Wednesday, January 26, 2011
Trade with good money management.
EUR/USD
It is more likely to go down to around 1.36 or lower than 1.3580, and after that, it might have potentially to go up to around 1.3670.
(Current Price: 1.3635)
GBP/USD
It is more likely to go down to around 1.5770 or lower than 1.5750, and after that, it might have potentially to go up to around 1.5850.
(Current Price: 1.5812)
It is more likely to go down to around 1.36 or lower than 1.3580, and after that, it might have potentially to go up to around 1.3670.
(Current Price: 1.3635)
GBP/USD
It is more likely to go down to around 1.5770 or lower than 1.5750, and after that, it might have potentially to go up to around 1.5850.
(Current Price: 1.5812)
Monday, January 24, 2011
Your signal!
GBPUSD
The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.
The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.
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