G/U Analysis/Prediction

[ForexFocusTime]

Overview of Predictions July 19

Prediction: GU is still bouncing on a fibo like it wants to test 5470 area (ABCD Fibo) also daily candle pattern is a bearish pattern for us…we have support at 5235/40 and lower at 5205 with resistance at 5350 and higher up at 5390/95…trend bottom level and scalp the rest….

Results:

1. Short @ 5350, DD: 1 pip; MP: 90+ pips. This was a scalp level that price just touched and moved from for a 30 pip profit.

2. Long @ 5240, DD: 1 pip; MP: 18 pips. This was another scalp level that went 18 pips from our price into plus and then was stopped out at BE.

3. Long @ 5205, DD: 3 pips; MP: 35 pips. This was our trend trade that was closed at 2 pm EST for a profit of 30 pips.

Overall Profit/Loss: +60

Pips this Month: +115

[ForexFocusTime]

Overview of Predictions July 20

Prediction: GU is bullish and we see price climbing to double top (5470) for now… we have supports at 5235/40 and lower at 5150 with resistance at 5350/55…trend bottom level and scalp the rest…

Results:

1. Long @ 5152, DD: 0 pips; MP: 150 pips. This was a trend trade that entry was with exception (4 pips for trend trades) and closed at 2 pm EST for a 140 pip profit…

Note: First scalp trade was ignored because it came at news time and was a strong spike.

Overall Profit/Loss: +140

Pips this Month: +255

[ForexFocusTime]

Dear traders,

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[ForexFocusTime]

Overview of Predictions August 2

Prediction: GU trend is still long but we are not sure how much longer this can last since we are hitting some D1/WK resistance levels..we have resistances at 5750 and higher up at 5795/5800, with supports at 5665/70 and lower at 5595/5600…Scalp all levels…

Results:

1. Short @ 5750, DD: 15 pips; MP: 7 pips. This was a negative scalp trade as market continued trending long.

2. Short @ 5800, DD: 6 pips; MP: 17 pips. This scalp trade was stopped at BE after moving 15+ pips in the green and SL moved.

Overall Profit/Loss: -15

Pips this Month: -15

Overview of Predictions August 3

Prediction: GU still continuing its bull run up, for now there is signs of slowing…we have resistances at 5930/35 and higher up at 5965/70 with supports at 5885/90 and lower at 5790…..trend bottom level and scalp all others…

Results:

1. Short @ 5930, DD: 15 pips; MP: 0 pips. This was our scalp trade that we were stopped out for -15 pips.

2. Short @ 5964, DD: 0 pips; MP: 65 pips. This trade was taken with an exception (2 pip exception on scalp trades) and quickly moved for a 30 pip profit. NOTE: This trade could have been taken later with the same results as market did not want to pass this level.

3. Long @ 5890, DD: 1 pip; MP: 65 pips. This was also a scalp trade that quickly moved into the green and we took 30 pips. NOTE: The reason why some trades are held for bigger TP is because if market is quickly moving when hitting our level then there is a high probability that the trade will give good pips.

Overall Profit/Loss: +45

Pips this Month: +30

[ForexFocusTime]

Overview of Predictions August 4
Prediction: GU is slowing this uptrend at 61% D1 fibo level…we have our resistances at 5960/65 and higher up at 5990/95 with supports at 5870 and lower at 5805/10….Scalp all levels…

Results:

1. Short @ 5960, DD: 0 pips; MP: 100+ pips. This was our scalp level on which we took 30 pips as price quickly moved from this level when it was hit.

2. Long @ 5870, DD: 8 pips; MP: 25 pips. This was also a scalp level where price action was very stagnant and trade was closed for a 20 pip profit.

Overall Profit/Loss: +50

Pips this Month: +80

Overview of Predictions August 5

Prediction: GU is starting to turn at 61% D1 fibo (5968) so our outlook is more bearish now with today’s resistances at 5925/30 and higher up at 5955/60, supports are at 5865/70 and lower at 5810/15…Trend short (from resistances) and scalp long (from supports)… There is some rate cut news on GBP so try avoiding these times (look up news times at Forexfactory.com)

Results:

1. Long @ 5870, DD: 15 pips; MP: 0 pips. This scalp trade was quickly stopped out as market starting to move down for a -15 pip loss.

2. Short @ 5923, DD: 0 pips; MP: 100+ pips. This was our trend trade that was entered with an exception (4 pip exception for trend trades) and just missed our bottom support on which we should close this trade and then was closed at 2 pm EST for a 50 pip profit.

Overall Profit/Loss: +35

Pips this Month: +115

[ForexFocusTime]

Overview of Predictions August 9

Prediction: GU is running into a phsyco level at 1.60 so price is stagnant…we have our resistance at 1.6025/30 and supports at 5935/40 and lower at 5825/30…Scalp all levels…

Results:

1. Long @ 5935, DD: 5 pips; MP: 35 pips. On this scalp level the market quickly pushed us into the green and we took 25 pips in this trade.

Overall Profit/Loss: +25

Pips this Month: +140

Overview of Predictions August 10

Prediction: Our GU outlook is bearish with resistances at 5825/30 and higher up at 5860/65 with 5890 also a resistance…supports are at 5775/80 and lower at 5720/25….Trend top and bottom levels and scalp middle levels…

Results:

1. Short @ 5825, DD: 0 pips; MP: 100+ pips. This was a scalp trade that moved for 30 pips in a few minutes

2. Long @ 5780, DD: 15 pips; MP: 0 pips. This was a negative scalp trade as price earlier did not touch by 5 pips and then broke through at second attempt at this level for a negative trade.

3. Long @ 5720, DD: 11 pips; MP: 75 pips. This was our trend level from which we hold trade to last resistance level marked (5890). This trade was closed at 2 pm EST right before price spiked to our resistance but following the rules is always the better way to go in trade.

Overall Profit/Loss: +90

Pips this Month: +230