Month: November 2012

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GBPUSD 29.11.2012 Outlook

GBPUSD 29.11.2012 Outlook

Based on the last postings dated 26.11.2012 I was able to attempt any entry above the 1.6031. The descending trend line is stoutly supporting the price which strengthen my buy but at the same time, every time the price closed above 1.6031, it was met with resistance at 1.6045. For a clearer look, please refer…

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GBPUSD 26.11.2012 Outlook

GBPUSD 26.11.2012 Outlook

  I have drawn a descending trend line to identify the current trend and as you can see at the descending trend line we were can see price sell off.   There are 4 places of price sell off marked in blue in the chart. All happened at the descending trend line which informs us…

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EURUSD 26.11.2012 update

EURUSD 26.11.2012 update

In the EURUSD post dated 16.11.2012, I mentioned that we would be looking to long the EURUSD if  1.2838 was broken. Please refer to chart below taken from the 16.11.2012 posting: The price has managed just to do so and price closed at 1.2975, a somewhat 137 pips above 1.2838. I would be looking at the…

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GBPUSD trade result 21.11.2012

GBPUSD trade result 21.11.2012

What a roller coaster ride I had for the GBPUSD I did last Monday. The balance of the 50% trade that I had was stopped out at the spike down today with one pip profit. The spike was due to speculators buying the dollar based on what the ECB President Juncker comments were on European…

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GBPUSD 20.11.2012 update

GBPUSD 20.11.2012 update

With reference to the GBPUSD trading outlook I gave on 16.11.2012, I mentioned that I would be looking for a buy if prices are able to close strongly above 1.5897. I manage to enter the trade as shown in the image above. This morning I saw that prices were stuck in a tight range and…

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AUDUSD 20.11.2012 update

AUDUSD 20.11.2012 update

For anyone who took the AUDUSD trade yesterday, the profit to handed to you on a silver platter. With reference to the charts dated 13.11.2012 we had a box at 1.0387 – 1.0407. We had a close above the box and after the close, the price trickled back to the 1.0387 level which was perfect…

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