GBP/USD trading

nik1033 · Jan 12, 2007

Quote from Jon Reed:

Hey there nik, I haven't posted much in this thread, but I have to say, you probably give some of the best recommendations I have ever seen. I was just wondering, do you trade based purely on news or are you also using indicators?

My trade is based only on Pivot points analysis (Sup & Res levels). If I need to clarify something I use MAs & RSI.

Good luck MATE!
P.S. If you have any questions contact me via my e-mail address nik1033@hotmail.com

nik1033 · Jan 12, 2007

Quote from nik1033:

buy at 1.9455 ... target 1.9560..
GL & GT

Touched the target.. It was pretty good week!
Have a nice weekend EVRBDY!

nik1033 · Jan 14, 2007

Seems will start the week with retrace to 1.9520!

GL & GT

Spectre2007 · Jan 14, 2007

Still long signal on system. Doesnt mean a retrace aint possible.

nik1033 · Jan 15, 2007

Generally GBP looks LONG...On my system will see 1.99 at the 02 Feb 2007!

GL & GT

nik1033 · Jan 15, 2007

Quote from Spectre2007:

Still long signal on system. Doesnt mean a retrace aint possible.

The best is to go with trend.

Spectre2007 · Jan 15, 2007

long GBP executed.

Spectre2007 · Jan 16, 2007

some numbers out in 1 -2 hours for both EUR and GBP. I have buy orders throughout 1.9630-40 area in GBP. Samething in EUR 1.2930-40 area.

Upward bias, bearish dollar sentiment still lingering around. The numbers just give the banks discounts to enter.

nik1033 · Jan 16, 2007

Quote from Spectre2007:

some numbers out in 1 -2 hours for both EUR and GBP. I have buy orders throughout 1.9630-40 area in GBP. Samething in EUR 1.2930-40 area.

Upward bias, bearish dollar sentiment still lingering around. The numbers just give the banks discounts to enter.

Lets wait for situation to clear and find the best point to enter the market!

GL & GT

Spectre2007 · Jan 16, 2007

data will be tame