G/U Prediction/Analysis

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 13

Prediction: GU has some bearish signs to us…we have resistances at 5390 and higher up at 5405/10 with a key level at 5450 area…supports are at 5315/20 and lower at 5275 areas….So scalp long, trend short….
Results:
1. Short @ 5390, DD: 2 pips; MP: 43 pips. This trade went in plus and we put SL at BE after about 25 pips and get stopped out when we had some good green pips.
2. Short @ 5405, DD: 3 pips; MP: 37 pips. Price bounce nicely from our level and move SL to BE same as the first and we get stopped out again at BE
3. Short @ 5450, DD: 0 pips; MP: 90+. Price hit 54485, we took this trade as we recommend entry 2-4 pips from level marked and closed this trade late US session with a 90 pip profit. Price did not hit our support lines but we close daily trades that give 80-100 pips.
Note: The levels worked good today. We left some 80 pips to the market, but this is where it is important to follow rules. We set some rules but you are welcome to use these levels as u wish: Scalp all levels, trail all entries with a trailing (just some suggestions)….how ever will bring green pips.
Overall Profit/Loss: 90 pips

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 14


Prediction: GU looks like its aiming to test Monday high…resistances at 5455/60 and higher up at 5485 with supports at 5390/85 and 5365 with a strong support at 5320 area…Scalp middle levels, trend top and bottom levels…
Results:
1. Long @ 5385, DD: 8 pips; MP: 65 pips. Price bounce on this level a few times but this was a scalp for 20-30 pips even though more was achievable.
Note: When we list 2 levels like here 5390/85, stop has to be 15 pips from the farther level and give yourself 2-4 +/- pips of play around these levels for entry.
2. Short @ 5453, DD: 0 pips; MP 50 pips. Price hit 54535 on our bid charts so we too this trade as we leave room to play (2-4 pips), trade could have been taken later at 5455 but was more risky…this was a very quick 30 pips.
3. Short @ 5485, DD: 5 pips; MP 28 pips. This level was hit late US session so we traded this as a scalp for 20 pips even though the market could give more.
Overall Profit/Loss: +80 pips
Pips this Week: +175

Important Levels April 15th, 2010

USD/JPY: RL: 93.80; 93.70; 93.60 SL: 92.80; 92.95-93.00
GBP/USD: RL: 1.5530-40
AUD/USD: RL: 0.9395 SL: 0.9290-.9300
USD/CHF: 1.0600-10; 1.0565
NZD/USD: 0.7165-70; 0.7125; 0.7110
USD/CAD: 0.9965

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 15

Prediction: GU coming to key daily resistance levels with 5515/20 and higher up at 5545/50 and a key level at 5570 area….supports are at 5485/90, 5455 and 5430/35…so scalp long and trend short from top levels….
Results:
1. Short @ 5520, DD: 3 pips; MP: 130+ pips. This was a trend level so we hold this trade for at least 70-100 pips or to our last support level marked. This trade was closed at 5430 as we ignore all middle scalp levels when we are in a trend trade.
2. Long @ 5430, DD: 15 pips; MP: 10 pips. This trade was stopped out for -15 as our scalp level…..
Overall Profit/Loss: +75 pips
Pips this Week: +250

Important Levels April 16th, 2010


USD/JPY: 93.10-15; 93.00; 92.85
AUD/USD: 0.9345; 0.9325; 92.55-60
GBP/JPY: 143.90
EUR/USD: 1.3535
NZD/USD: 0.7135; 0.7125
USD/CAD: 1.0060-65; 1.0010; 0.9990-95

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 16


Prediction: GU is showing some bearish signs with D1 candle formation and H4 RSI….we have resistances at 5470 and 5490 area, supports are at 5375/80 area and lower at 5305….Trend short, scalp long….
Results:
1. Long @ 5380, DD: 14 pips; MP: 90 pips. This trade moved quickly for a 30 pip profit even though more was possible….Note: Stop had to cover 5375 by 15 pips even though stop from 5380 held up.
2. Short @ 5470, DD: 3 pips; MP: 95 pips. This was a trend trade so we hold for 70-100 pips. In this case we closed it on our support at 5380 for a 90 pip profit.
Overall Profit/Loss: +120 pips
Pips this Week: + 370 pips

Important Levels April 19th, 2010


USD/JPY: 0.9140; 0.9185; 0.9255; 0.9280
AUD/USD: 0.9090; 0.9160-65; 0.9185; 0.9235-40; 0.9265
GBP/JPY: 138.60; 141.05; 141.90-142.00

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 19

Prediction: GU is bearish but we can see a market attempt to close gap with supports at 5220/25 and lower at 5180 area with resistances at 5280/85 and higher up at 5315/20 and 5350/55 as gap close resistance….scalp middle levels and trend top and bottom…
Results:
1. Long @ 5220, DD: 9 pips; MP: 35 pips. This was a scalp long which moved a quick for +20.
2. Short @ 5280, DD: 0 pips; MP: 21 pips. Price hit 52786 on our bid charts which is in our 2-4 pip exception for a 20 pip trade.
3. Short @ 5215, DD: 6 pips; MP: 60 pips. This was also a scalp level which we took 30 pips at.
Overall Profit/Loss: +70 pips
Pips this Month: +784

Important Levels April 20th, 2010


USD/JPY: 92.80-85; 92.20
AUD/USD: 0.9215; 0.9240
GBP/JPY: 141.05
USD/CHF: 1.0610
USD/CAD: 1.0125; 1.0085-90

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 20


Prediction: GU is up against some strong resistances which are at 5345/50, 5380 and a key level at 5440/45 with supports at 5280/85 and lower at 5245 area….Scalp middle levels and trend key level…
Results:
1. Long @ 5288, DD: 0 pips; MP: 60 pips. This trade was in our 2-4 pip exception for entry which moved for a 25 pip profit.
2. Short @ 5350, DD: 15 pips; MP: 13 pips. This trade did not move enough to move our stop to BE after 15 as this was a scalp trade so we took the hit for -15.
3. Short @ 5380, DD: 12 pips; MP: 17 pips. This trade moved 15 pips so we put SL at BE and get stopped out. Note: This trade was a few minutes before news time so we do not recommend trading scalp levels at or around news times.
Overall Profit/Loss: +10 pips
Pips this Month: +794

Cable Focus & Analysis Apr. 21


Resistances: 1.5422, 1.5455, 1.5510
Supports: 1.5312, 1.5278, 1.5223
Pivot: 1.5367

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 21


Prediction: GU is slightly bullish with supports at 5315/20 and lower at 5270/75 area…resistances at 5395 area and higher up at 5440/45…scalp middle levels and trend top and bottom…
Results:
1. Short @ 5395, DD: 15 pips; MP: 10 pips. This trade was stopped out to the pip for -15 .
2. Short @ 5438, DD: 0 pips; MP: 70 pips. Price hit 5439 on our bid charts (2-4 pip exception) and was closed late US session for +50, as this is a day trading strategy and we try not to hold trades over Asia session.
Overall Profit/Loss: +35
Profit this Month: +829

Important Levels April 22nd, 2010

USD/JPY: 92.55; 93.50
AUD/USD: 0.9225; 0.9295
EUR/USD: 1.3440; 1.3420; 1.3370

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 22

Prediction: GU is starting to run up with supports at 5430 and and 5395 areas and resistance at 5490/95 areas and higher up at 5520… scalp middle levels and trend top and bottom…
Results:
1. Long @ 5430, DD: 13 pips; MP: 26 pips. This was a scalp on which we held for a 20 pips limit. Note: when you go more then 10 pips in the red, try not to hold for more than 20 pips since this is a scalp.
2. Long @ 5395, DD: 25 pips; MP: 15 pips. This was a trend trade on which we were stopped out for a -25 pip hit.
Overall Profit/Loss: -5
Pips this Month: +824

Cable Focus & Analysis Apr. 23

Resistances: 1.5531, 1.5481, 1.5450
Supports: 1.5350, 1.5320, 1.5270
Pivot: 1.5400

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 23


Prediction: GU looks like it has some more room to go down with resistances at 5380/85 and higher at 5415/20 area…supports are at 5290 area and lower at 5260 with some support at 5315(risky)….scalp long and trend short….
Results:
1. Long @ 5315, DD: 0 pips; MP 70 pips. We marked this trade as risky so we had a smaller stop (smaller leverage is also an option). Since it was risky we close at 20 pips even though price flew up.
2. Short @ 5385, DD: 16 pips; MP: 90 pips. This was a trend trade that we usually recommend to hold to second support level marked at 5290, but price missed it by 5 pips (exception 2-4) so after price bounce the second time and did not reach we close this trade for a +70 at our first marked support.
Overall Profit/Loss: +90
Pips this Month: +914

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 26

Prediction: GU at a mixed stage for us even though we have some nice reversal candles on D1 for some up…we have resistances at 5485/90 and higher up at 5515/20 areas and supports at 5385/90 and lower at 5325/30 areas….trend bottom and top levels and scalp middle levels…​

Results:
1. Short @ 5490, DD: 7 pips; MP: 65 pips. Price ran up quickly so we catch this trade at 5490 and held to first support on chart for a 25 pip trade…Note: Price again tested this area later in the US session and got rejected even though we take bounce trades only once off these levels.
Overall Profit/Loss: +25
Pips this Month: +939

Important Levels April 27th, 2010


USD/JPY: 94.25-30; 94.00; 93.35; 93.55-60
AUD/USD: 0.9335; 0.9295; 0.9225-30
USD/CHF: 1.0785; 1.0765
EUR/USD: 1.3445

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 27


Prediction: GU is running into a solid resistance with h4 wicks…we have resistance at 5485 and our top at 5515/20 with supports at 5415/20, 5385/90 and lower at 5320…Scalp long and trend short…
Results:
1. Long @ 5422, DD: 0 pips; MP: 26 pips. This trade bounce at 5422 (2-4 pip exception) and moved for a 20 pip profit as a scalp trade.
2. Long @ 5485, DD: 9 pips; MP: 24 pips. Also a scalp trade for a 20 pip profit…Note: If entry was at 90 then SL had to cover lower level by 15 pips…and stop at BE after 15 pips in plus…
3. Long @ 5321, DD: 0 pips; MP: 29 pips. As a scalp trade we closed at +20…Note: Price hit 53208 on our bid charts…
Overall Profit/Loss: +60
Pips this Month: +999

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 28


Prediction: We are still bearish on GU for today even though we might have some good retracements up with resistances at 5320/25 and 5350/55 areas….supports are at 5245 area and lower at 5195….trend top level and scalp the others…
Results:
1. Long @ 5245, DD: 15 pips; MP: 9 pips. This trade was a scalp so we lost 15 pips on this trade.
2. Long @ 5195, DD: 15 pips; MP: 9 pips. As a scalp this trade was stopped at -15.
Overall Profit/Loss: -30
Pips this Month: +969

Cable Focus & Analysis Apr. 29


Resistances: 1.5367, 1.5305, 1.5267
Supports: 1.5143, 1.5104, 1.5042
Pivot: 1.5205

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions Apr. 29


Prediction: GU is bearish but we can see some up before more down with resistances at 5235/40 area and higher up at 5280 with supports at 5110 area and lower at 5055 area….scalp all levels…
Results:
1. Short @ 5240, DD: 8 pips; MP: 38 pips. This was a nice bounce trade with a 20 pip scalp.
2. Short @ 5280, DD: 1 pip; MP: 27 pips. Also a scalp trade which produced positive pips..
Overall Profit/Loss: +40
Pips this Month: +1009



Cable Focus & Analysis Apr. 30

Resistances: 1.5476, 1.5400, 1.5352
Supports: 1.5197, 1.5150, 1.5073
Pivot: 1.5275

 

[myTradingWeek]

G/U Analysis/Prediction

Monthly Overview for April Predictions

We had a great month of trading our levels that we predict ahead of time for bounce trades. Here are some of the results of the trades taken.
Results:
Total trades: 46
Negative trades: 8
Break even trades: 7 (Note: These trades moved at least +15 pips to put SL at BE)
Positive trades: 31
Total pips for April: 1009 pips
USD/JPY Analysis for May 3rd, 2010


FL (Fib. Levels) for Buy trend:
H1 – 92.75; 93.10; 93.45; 93.88
M15 & M30 – 93.22; 93.48; 93.70; 93.89
FL (Fib. Levels) for Short Trend:
M5 & M15 – 94.40; 94.29; 94.20; 94.10
RL for Short Trend: 94.30; 94.20
SL for Buy Trend: 93.83; 93.63; 93.35
For: FL, SL, RL please visit Glossary page, thank you

 

[myTradingWeek]

G/U Analysis/Prediction

Dear traders,
I had another great month and made 1009 pips in April. 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 ***

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions May 3


Prediction: Some bank holidays today so market may be slow till US session…we have resistances at 5290 and 5340/45 and supports at 5210/05 and lower at 5165…We are leaning on more of a down move today (sell trades can be held for more pips, up to you traders)….Scalp all levels…
Results:
1. Long @ 5210, DD: 0 pips; MP: 48 pips. This was a scalp trade as all our levels today so we held this trade for 20+ pips. Note: Price hit 52103 on our charts so it is within our 2-4 pip exception.
Overall Profit/Loss: +25
Pips this Month: +25

Cable Focus & Analysis May 4


Resistances: 1.5359, 1.5319, 1.5294
Supports: 1.5213, 1.5189, 1.5148
Pivot: 1.5254

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions May 4


Prediction: GU is at a strong support so our bias is mixed today with supports at 5145/50 and lower at 5115 and resistances at 5250, 5275/80 and a key level at 5315/20…Scalp middle levels and trend top and bottom…
Results:
1. Long @ 5150, DD: 15 pips; MP: 15 pips. This trade moved about 15 pips but because of the spread we do not think most went 15 pips to move SL to zero so we will count this trade as a negative scalp trade of – 15.
2. Long @ 5115, DD: 24 pips; MP: 70 pips. This was a quick spike at this level and if you didn’t have a limit order you would have been filled at 5105 area. The stop held up on this trade as it was a trend trade (25 pips SL plus spread). This trade was closed late US session as this is a day trading strategy for 60 pips.
Overall Profit/Loss: +45 pips
Pips this Month: +70

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions May 5


Prediction: GU is still bearish resistances at 5160/65 and higher at 5205 and supports are at 5100/95 and lower at 5020/25…Trend top level and scalp the rest…
Results:
1. Short @ 5160, DD: 12 pips; MP: 45 pips. This was a scalp trade that was closed at 30 pips as a quick spike at the end…Note: SL was suppose to be 15 pips plus spread above 5165 level.
2. Long @ 5095, DD: 10 pips; MP: 15 pips. This trade moved 15 pips into the green and was closed at BE.
Note: As seen on the chart, all these levels were respected by the market at later times of trading…In a ranging market some levels can be taken more then once for the experienced trader but minimizing risk is key when doing this ….
Overall Profit/Loss: +30
Pips this Month: +100


Cable Focus & Analysis May 6


Resistances: 1.5220, 1.5179, 1.5154
Supports: 1.5074, 1.5049, 1.5008
Pivot: 1.5114

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions May 6


Prediction: There is a strong bearish trend in the market, our supports are at 5020 and lower at 4965/70 and some support at 4990(risky)…our resistance are at 5090/95 and higher at 5120/25…trend short and scalp long….
Results:
1. Long @ 5020, DD: 0 pips; MP: 48 pips. This trade quickly moved and closed at first sign of resistances for 25 pips.
2. Short @ 5095, DD: 12 pips; MP: 395 pips. This was our trend trade which we held to our last support level which was at 4965 for a 130 pip profit.
3. Long @ 4965, DD: 3 pips; MP: 20 pips. This was a scalp trade which moved for a 20 pip gain…Note at worst on this trade, SL was suppose to be at BE after 15 pips if spread did not allow to close.
Overall Profit/Loss: +175 pips
Pips this Month: +275

Cable Focus & Analysis May 7


Resistances: 1.5321, 1.5150, 1.5045
Supports: 1.4704, 1.4598, 1.4427
Pivot: 1.4874

 

[myTradingWeek]

G/U Analysis/Prediction

Overview of Predictions May 10


Prediction: Some crazy moves last week so we will post only scalp levels today so to minimize risk because of market volatility….supports are at 4825/30 and lower at 4750/45 and resistances at 4930/35 and higher at 5005/10…Scalp all levels…
Results:
1. Long @ 4831, DD: 0 pips; MP: 100+ pips. Price hit 4831 on our charts (2-4 pip exception) and quickly moved for a 30 pip profit.
2. Short @ 4930, DD: 15 pips; MP: 0 pips. Price stopped 5 pips away and retraced 20+ pips making this trade very risky but we count it like we call it.
3. Short @ 5005, DD: 0 pips; MP: 40 pips. This was our scalp level on which we banked 25 pips and closed at first sign of price stalling.
Overall Profit/Loss: +40 pips
Pips this Month: +315

Cable Focus & Analysis May 11


Resistances: 1.5184, 1.5071, 1.5002
Supports: 1.4777, 1.4708, 1.4596
Pivot: 1.4890