Hourly Sterling Forex Strategy from Key 1.5820-1.5965 Consol.

July 27, 2011 by  
Filed under Forex Trading Strategies


As the 1.5965 level contains, stay bearish for a swing back to 1.5645 into the range of fourth of a lessor degree. Any upside break extends the rally to about 1.6235.

Forex Trade Warning on Sterling – Watch out if Sterling does not sustain rally!

July 20, 2011 by  
Filed under Forex Trading Strategies


Sterling should rally at first in NY but if the Dollar fails to sustain this move, watch out, as a 3 wave decline from 1.60 will turn into a 5 wave trend sequence!

Forex Trading Strategy on $-Sterling – Sept 15th 2010

July 13, 2011 by  
Filed under Forex Trading Strategies


Despite meeting the minimum upside target, Sterling has scope to extend the rally…in the s/t only!

Forex Trading Strategy on Daily Euro Sterling – Sept 15th 2010

July 10, 2011 by  
Filed under Forex Trading Strategies


Euro Sterling is doing everything right to maintain the prospect of a major recovery!

Forex Trading Signal on $-Sterling – Exit strategy following Friday’s buy signal!

June 22, 2011 by  
Filed under Forex Trading Strategies


As sterling approaches the 1.5875 5=1 target from friday, simple tools provide an exit strategy.

Forex Day Trading Strategy on $-Sterling: Wait for Fifth Wave Targets to Cover/Buy!

June 22, 2011 by  
Filed under Forex Trading Strategies


Sterling is breaking down in the fifth wave from 1.60. Wait to cover/buy then for later reversal!

Daily Forex Strategy for Sterling Aug 9th 2010

September 9, 2010 by  
Filed under Forex Trading Strategies


While room for an irregular downside correction back to the 1.5800-20 area, continue to buy dips expecting 1.5760 to hold for 1.6150 and even 1.6365-95. Only below 1.5660 risks an early downside reversal.

Hourly Sterling Forex Strategy for Aug 8th 2010 22gmt

September 6, 2010 by  
Filed under Forex Trading Strategies


Lack of upside momentum on break to new highs risks a larger erratic 4th wave correction before the rally resumes in earnest to about 1.6150. Only below 1.5820 would suggest an early downside reversal.

Hourly Forex Strategy for Sterling Aug 15, 2010

September 3, 2010 by  
Filed under Forex Trading Strategies


Sterling has checked back to Daily upchannel support in the 1.5550-60 range in a 3 wave format. As this base holds a rally over the 1.5720 pivot point will offer another attempt to renew the uptrend and challenge the 1.5995 peak. Keep relatively tight stops on this view as a loss of the 1.5550 base opens a 5th and final decline to an ideal 1.5400 target before the market sets a base to correct the recent decline with a pullback to current levels again.