The Advisor Weblog

Follow the markets with Valeria Bednarik, Chief Analyst of the FXstreet.com Independent Analyst Team

Or subscribe via email:

FXstreet.com Weblogs

Links

Money and Markets

Gbp/Usd 15 minutes charts

Posted on November 4, 2008 at 12:17 in Short-Term Analysis by Valeria Bednarik

Do you like 15 minutes charts? the pair has formed a double roof at 1.5902 (where we also have the 38.2% retracement of yesterday’s fall) with a floor at 1.5812, a nearly 90 pips figure (kind of excessive for this small time frame). If the pair manages to break under 1.5810, I will try a 40 pips short there maybe around 1.5804/06, with a stop just above 1.5833, always following this 15 minutes charts and candles there. why only 40 if the figure implies 90? because I like to take profits quickly: that increases account, and set them free for another movement.

Tags: gbpusd

2 Responses to “Gbp/Usd 15 minutes charts”

on 04 Nov 2008 at 6:48 pm1sy

Hi Val, i enjoy reading your commentaries and yes, i LURVE 15 min charts to death. taking profits quickly is my style too, and i would like to read more in the future about your strategy with gbp/usd and eur/usd 15min charts. cheers!
on 05 Nov 2008 at 1:13 pm2Valeria Bednarik

Hi Sy! a pitty gbp change direction at the moment, but tks and I will try to addd more about this.
Regards
Val

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.