Tag Archives: currencies

GBP/USD technical update

All I can say just now is we got a nice 250 pip rally from the 1.6395 level, and that more than makes up for some of the opportunity lost on the way down. Also observe how nicely the Pound … Continue reading

Share
Posted in GBP | Tagged , , , , | Leave a comment

Elliott Wave Analysis of Forex

If you are trading in the Forex markets, and wish to learn how to use Elliott Wave Analysis to trade currencies profitably, then you should start by reading the book “Elliott Wave Principle Applied to the Foreign Exchange Markets” written … Continue reading

Share
Posted in Forex, Trading Tips | Tagged , , , , , , , , | 4 Comments

Sterling reaches its larger objective

Just a quick post to record the fact that the Sterling Pound has met its larger objective near 1.4570 last night and bounced sharply. (refer this post). Continue reading

Share
Posted in GBP | Tagged , , , , | Leave a comment

Blood on the street as Sterling chops around

I warned you folks about this chop. In just 40 minutes, Sterling had dipped from 1.5830 to 1.5720 and raced higher to 1.6020. What should one do in such a market? The most sensible thing to do is to go out for a snack. Continue reading

Share
Posted in GBP | Tagged , , , , | Leave a comment