G/U Prediction/Analysis

[myTradingWeek.com]

Overview of Predictions May 20

Prediction: GU is bearish with signs of some up move…we have resistances at 4463 and 4515/20 also 4420 area and supports at 4285/90 and lower at 4185…Scalp all levels…

Results:

1. Long @ 4285, DD: 2 pips; MP: 19 pips. This was a scalp that moved 19 pips and we got stopped out at zero because stop was moved to BE after 15 pips.

2. Short @ 4420, DD: 5 pips; MP: 30 pips. Trade was closed for 20 pips.

3. Short @ 4460, DD: 0 pips; MP: 45 pips. This was a scalp with an exception entry (2-4 pips) and was closed for 30 pips as a quick move down.

Overall Profit/Loss: +50

Pips this Month: +660

[myTradingWeek.com]

Overview of Predictions May 24

Prediction: GU is at a strong resistance at 4495/4505, if broken we will have a long outlook but for now we are still bearish with resistances at 4575 and higher up at 4595… supports are at 4395 and lower at 4330/35…scalp middle levels and trend top and bottom…

Results:

1. Long @ 4395, DD: 15 pips; MP: 0 pips. This was a scalp that the market did not respect for a -15 pips.

Overall Profit/Loss: -15

Pips this Month: +645

[myTradingWeek.com]

Overview of Predictions May 25

Prediction: GU is still very bearish with supports at 4300 and lower at 4285 and a strong level at 4240/35…resistances are at 4375 and higher up at 4455…scalp middle levels and trend top and bottom…

Results:

1. Long @ 4300, DD: 15 pips; MP: 5 pips. This was a scalp that took out our stop at -15

2. Long @ 4285, DD: 9 pips; MP: 18 pips. This scalp level did not move to our limit and stopped at BE.

3. Short @ 4375, DD: 8 pips; MP: 18 pips. This was our scalp level that did not give us enough for our limit.

Overall Profit/Loss: -15

Pips this Month: +630

Overview of Predictions May 26

Prediction: We have a bearish outlook on GU with resistances at 4425 and higher up at 4465 with supports at 4315/20 and lower at 4240…Trend top level and scalp the rest…

Results:

1. Short @ 4424, DD: 0 pips; MP: 23 pips. This was a scalp trade which hit our limit….also this level was very much respected by the market later in the trading day…

Overall Profit/Loss: +20

Pips this Month: +650

[myTradingWeek.com]

Overview of Predictions May 27

Prediction: GU starting to turn up a bit with resistances at 4520/25 and hgher up at 4570/75…supports are at 4445 area and lower at 4415…Trend long and scalp short….

Results:

1. Short @ 4520, DD: 15 pips; MP: 0 pips. This was a scalp level that got stopped for a 15 pip loss.

2. Short @ 4570, DD: 15 pips; MP: 100+ pips. This was a scalp level even though the market gave us more than our 20 pip limit, we closed for +20.

3. Long @ 4415, DD: 7 pips; MP: 150+ pips. This was our trend trade that we had to close at our top resistance level at 4570 for a 155 pip trade.

Note: One level that was not reached at 4445 by 4 pips did meet our exception as an entry but since our EA did not trigger this trade we did not count this one. Price missed by 4 pips the first time and moved 100+ pips so when price fell the second time we ignore this level and take the next one.

Overall Profit/Loss: +175

Pips this Month: +825

[myTradingWeek.com]

Overview of Predictions May 28

Prediction: GU is still bullish with resistances at 4640 and higher up at 4675 with supports at 4525/30 and lower at 4465…Scalp middle levels and trend top and bottom levels….

Results:

1. Long @ 4525, DD: 1 pip; MP: 24 pips. This was a scalp that hit our limit at +20.

2. Long @ 4565, DD: 25 pips; MP: 10 pips. This was our trend trade that we got stopped out for a -25 pip trade.

Overall Profit/Loss: -5

Pips this Month: +820

Overview of Predictions May 31

Prediction: GU is in a minor range with resistances at 4525/30 and higher at 4595/4600..supports at 4375/80 and lower at 4340…Scalp middle levels and trend top and bottom….

Results:

1. Short @ 4525, DD: 6 pips; MP: 19 pips. This was our scalp level that did not give enough to hit our limit and stopped us out at BE.

Overall Profit/Loss: 0 pips

Pips this Month: +820


Dear traders,

I had another great month and made 820 pips in May. During the months of February and March I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime.

[myTradingWeek.com]

Overview of Predictions June 1
Prediction: GU is still ranging with resistances at 4565 and higher up at 4595…supports at 4440 and lower at 4385…Trend long, scalp short….

Results:

1. Long @ 4440, DD: 2 pips; MP: 275. This was a trend trade that we hold to our top resistance which was a 155 pip trade.

2. Short @ 4595, DD: 15 pips; o pips. This was a scalp trade that was stopped for -15 pips.

Overall Profit/Loss: + 140

Pips this Month: +140
Overview of Predictions June 2

Predictions: GU is bullish but running into some 4h/d1 resistances….we have resistance at 4780 and and 4805…supports are at 4675 and lower at 4630 and key level at 4605…Trend top and bottom and key level, scalp others…

Results:

1. Long @ 4675, DD: 14 pips; MP: 29 pips. This was a scalp trade that hit our tp at 20 pips.

2. Long @ 4630, DD: 0 pips; MP: 60 pips. This was a trend trade that did not hit any of our resistances and we got stopped out at BE…

3. Long @ 4605, DD: 25 pips; MP: 28 pips. This was a trend trade that we got stopped out for -25 pips.

Overall Profit/Loss: -5

Pips this Month: +135

Overview of Predictions June 3

Prediction: GU at some resistance levels on h4…we have resistances at 4740/45 and higher up at 4785/90…supports at 4660/65 and lower at 4590/95, 4605/10 is also a support on h4…Trend bottom and top levels and scalp the rest…

Results:

1. Short @ 4740, DD: 2 pips; MP: 100+ pips. This was a scalp trade that was closed for 20 pips, market moved much more from this level.

2. Long @ 4660, DD: 5 pips; MP: 16 pips. This was a scalp that was stopped at BE as we move SL after 15 pips in plus.

3. Long @ 4590, DD: 4 pips; MP: 50 pips. This was a trend trade that was closed at 2 pm EST for a 40 pip profit.

Overall Profit/Loss: +60

Pips this Month: +195

Overview of Predictions June 4

Prediction: GU looks like its stacking up to go short (400 pips down to double bottom, this is a longer term outlook) so our outlook is bearish with resistances at 4685/90 and higher up at 4720…if price falls below last low at 4685 to 4610, then first support we see is at 4565, then 4530 and good support at 4440…Trend short and scalp long (NFP today so trade with caution around that time as price ignores levels at this time…)

Results:

1. Short @ 4681, DD: 0 pips; MP: 200+ pips. This was a trend trade that we entered with exception (2-4 pips) and we hold to our support at 4440 but we closed at 2 pm EST for 195 pips.

Note: Since we are in a trend trade we ignore supports till the last level. In our notes we were very bearish on GU this Friday…

Overall Profit/Loss: +195

Pips this Month: +390

[myTradingWeek.com]

Overview of Predictions June 7

Prediction: GU is bearish in our eyes with resistances at 4465 and 4540…supports at 4410 and lower at 4360…Trend top level and scalp the rest…

Results:

1. Long @ 4410, DD: – 15 pips; MP: 6 pips. This scalp trade got stopped out after going a little bit into profit.

2. Short @ 4465, DD: 1 pip; MP: 16 pips. This was a scalp trade that was closed at BE as price moved enough to move SL.

3. Short @ 4540, DD: 22 pips; MP: 100+ pips. This was our trend trade that that held up our SL and was closed at 2 PM EST for a 70 pip profit.

Overall Profit/Loss: +55

Pips this month: +445

[myTradingWeek.com]

Overview of Predictions June 8

Prediction: GU is still bearish to us with supports at 4455 and lower at 4410 with resistances at 4560 and higher up at 4605. Trend top level and scalp the rest…

Results:

1. Long @ 4455, DD: 15 pips; MP: 0 pips. This scalp trade got stopped as negative news came our for GU.

2. Long @ 4410, DD: 15 pips ; MP: 9 pips. This scalp was also affected by a news move and got stopped for -15

Overall Profit/Loss: -30

Pips this Month: +415

Overview of Predictions June 9

Prediction: GU is still bearish with our longer term prediction which we posted last week is still at double bottom around 4230 area…our supports are at 4305 and lower at 4255…resistances at 4480/85(risky), 4505/10 and higher up at 4550/55…Trend top level and scalp the rest…

1. Short @ 4485, DD: 3 pips; MP: 50 pips. This was a scalp trade that we took 20 pips from…

2. Short @ 4505, DD: 5 pips, MP: 2o pips. The scalp trade gave a little more than 20 pips from the level we stated for a 20 pip trade.

3. Short @ 4550, DD: 0 pips; MP: 27 pips. This trend trade got stopped out for -25 pips as it didn’t give us enough green pips to put SL at BE.

Overall Profit/Loss: +15

Pips this Month: +430

[myTradingWeek.com]

Overview of Predictions June 10

Prediction: GU had a run up after hitting good support but is up against some h4 resistances…we are slightly bullish with 4605 being a key level, if this is broken then some move long is coming…we have resistances at 4605 and higher up at 4670, with supports at 4545/40 and lower at 4475/80 with a key level at 4450…Trend top and key level, scalp the rest…

Results:

1. Short @ 4605, DD: 14 pips; MP: 40 pips. This was a scalp that missed our SL and hit TP for 20 pips.

2. Short @ 4670, DD: 25 pips; MP: 15 pips. This was a trend level that stopped us out for -25 pips.

Overall Profit/Loss: -5

Pips this Month: +425

Overview of Predictions June 11

Prediction: Our outlook has turned bullish on GU after fibo bounce a few days ago (will post weekly overview on this) we have supports at 4645 and 4605/10 with resistances at 4760/65 and higher up at 4850 which will be a very strong resistances in our opinion. Trend long and scalp short….4850 could also be treated as a trend level…

Results:

1. Short @ 4758, DD: 0 pips; MP: 200+ pips. This was our scalp level that we entered with our exception (price hit 4759 on our charts) and price quickly moved for a 30 pip profit.

2. Long @ 4645, DD: 25 pips; MP: 15 pips. This was our trend trade that stopped us out for a 25 pip loss…

3. Long @ 4605, DD: 25 pips; MP: 0 pips. This trend trade stopped us out as the market was in a big sell-off on Friday…(we noticed h1 candle formation on H1 TF after London open that there would be a major sell-off but we try not to change these levels….

Overall Profit/Loss: -20 pips

Pips this Month: +405

[myTradingWeek.com]

Overview of Predictions June 14

Prediction: GU is sightly bullish to us but still some down is possible…we have supports at 4615/20 and lower at 4550/55 with resistances at 4660 and higher up at 4690/95…scalp all levels…

Results:

1. Short @ 4660, DD: 11 pips; MP: 22 pips. This was a scalp trade that gave us our 20 pip target even though it took a while….

2. Short @ 4695, DD: 8 pips; MP: 12 pips. This scalp trade did not give us enough pips to move SL to BE and we got stopped out for -15 pips.

Overall Profit/Loss: +5

Pips this Month: +410

Overview of Predictions June 15

Prediction: GU is still bullish with supports at 4690/95 and lower at 4620/25..with resistances at 4805 and higher up at 4850/55…scalp middle levels and trend top and bottom levels….

Results:

1. Long @ 4690, DD: 9 pips; MP: 100+ pips. This was a scalp trade that market moved from very nicely and was closed for a 25 pip profit even though market gave much more…

2. Short @ 4805, DD: 5 pips; MP: 45 pips. This was also a scalp level that was a positive trade that gave some good pips.

Overall Profit/Loss: +50

Pips this Month: +460