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Category Archives: GBP
Sharp rally in Sterling was no surprise
On 5th October 2009, I posted an early warning to traders of Sterling Pound (GBP/USD)that there is something fishy about the decline from 1.6742, and we are likely to see another rally in the Pound. Trouble is, it is so … Continue reading
Real Time Update on Sterling Trade Idea
This is going to be a quick update. The chart explains it all. If we come below 1.5775, we shoudl come off to 1.5685 initially and perhaps a lot lower. Here is an update on the charts above Tweet
Quick Sterling Trade
The intra day charts looks like we could be staging a rally later today, especially if we dip towards 1.5860 a second time. The formation is clearly looking like an expanding ending diagional triangle, usually a pretty powerful indicator of … Continue reading
Intriguing Moves in Sterling
Fans of Eliott Wave analysis know that a trader has to be alert to correctly interpret new signals as they emerge. This is the ONLY way one has a chance to make money in any market, particularly in the forex … Continue reading
Cable comes crashing
Nothing works like Elliott Wave analysis when it works! The Pound has dropped 200 pips already. While we could expect more weakness ahead, I would like to be prepared with a plan of action should we see a strong correction … Continue reading
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