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My journey with GBPUSD
Author: ForexPlane.com Editor Created: 12/14/2006 12:34 PM
In this blog, I will detail my analysis as well as trades on the GBPUSD.
2007-05-21
ForexPlane.com Editor : 5/21/2007 10:58 AM
This week sees a continued down movement of the GBPUSD and EURUSD. Tokyo began the session without much fanfare. London didn't do much to push out the day's range set by Tokyo. NY is expected the same way unless news today will influence the breakout.
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2007-05-16
ForexPlane.com Editor : 5/16/2007 6:41 AM
GBPUSD touched the bottom channel and quickly rebounded from there. It's possible the CPI news may have helped push the prices higher. In any case, the channel is intact for the moment.
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Exit 9755
ForexPlane.com Editor : 5/15/2007 1:08 PM
It took one full day to work down to our target. No matter as long as it doesn't move wildly about during this time, it's good news.
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Short below the 50% retrace
ForexPlane.com Editor : 5/14/2007 8:54 PM
It took a while for me to hold back and not trade because of the consolidation in such a small range. There are absolutely little opportunities to make to profit from this type of market, especially when I'm a trend-follower.
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2007-04-14
ForexPlane.com Editor : 5/14/2007 7:43 AM
GBPUSD and EURUSD have started to make their deeper correct and have broken major support. Both are now coming back to resistance to test.
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