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A gain of 48 Pips in the Euro

fxsurprise8 Posted 7 Mag  in #Trader's blog #Euro #Gbpusd #Trader's Contest
I'm currently up to 183,000 after a large winning trade in the Euro. First I got a losing long trade of 13 pips. After this I reversed course and took a short, closed at +61 pips.
I also entered some long GBP trades after a BBC exit poll showed the conservatives winning a majority. Unfortunately I missed the 160 pips surge right after the poll was released. I'm not very confident about the GBP long trade. There is a lot of caution re:the exit poll with many doubting its validity. I may reverse c…
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Pound to Stay Wedged Between 1.6950 and 1.7000

fxsurprise8 Posted 28 Lug as Analysis on GBP/USD, Target: 1.6981, Date: 1 di Settembre, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Sterling #Pound
Sterling has had a rough few weeks. After an impressive rally that saw it gain over 2,000 pips since July of last year, the currency pair faltered and is currently trading 200 pips from the high.
I expect the Pound to stay range bound between 1.6950 and 1.7000 in August. This doesn't mean that we wont get breakouts or breakdowns but I think eventually Sterling will settle within these bounds by August 31st. The 1.7000 area is an important psychological resistance that will put a stop to any pric…
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Pound Rally Continues Unabated

fxsurprise8 Posted 1 Lug  in #Trader's blog #Gbpusd #Gbpjpy #Pound
The Pound rally continues unabated. The strong move up yesterday led me to reconsider my shorts and I have since switched to longs again. As my TA pieces indicate (see this and this) I am bullish on the UK currency mid term. But I thought we may have a good retracement before the Pound continues the rally. As the market proved me wrong, I'm back on the long side.
Both my GBP/USD long and my GBP/JPY long are now up 35 pips each. I will reconsider the long bets if GBP/USD makes a decisive break be…
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Pound to Break 5 Year High

fxsurprise8 Posted 22 Giu as Analysis on GBP/USD, Target: 1.7290, Date: 1 di Agosto, 12:00 GMT  in #Technical analysis #GBP/USD #Bullish #Gbpusd #Sterling #Pound
The Pound made a new 5 year high on Thursday but as the trading week was trading to a close, Sterling was pushed back below the 1.7050 figure. The sharp selloff on Friday may lead to a short term move lower in the currency pair. Here is the price action in gbp/usd during the past few days.
I think the move higher will continue, even if we get a temporary retracement going forward. I expect the 2009 high at 1.7050 to give way in the coming month. Above 1.7050, the next important resistance stands…
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