Yes it is GBP Selling Time(19/08/2014)

As the markets have moved signficantly today with trend and extremes reaching concensous it is a bit risky to do any trading today.  We review instead how the GPB made loses and yestrday's trades.
 Read here about yesterday's (18/08/2014) analysis.

GBPUSD (H4) SELLGBPUSD 20140819

The entry point for this trade was  1.6720 after 2 consecutive down candles appeared.

Profit :70 pips

Drawdown: only 10 pips.

Click here to see yesterday's setup.

EURGBP (H4) BUYEURGBP20140819

The entry point for this trade was  0.7980 after 2 consecutive upcandles appeared.

Profit :35 pips

Drawdown: only 7 pips.

Click here to see yesterday's setup.

GBPJPY (H4) SELLGBJPY 20140819

The entry point for this trade was  171.50 after 2 consecutive down candles appeared.

Profit :80 pips

Drawdown: only 13 pips.

Click here to see yesterday's setup.

EURAUD (H4) SELL

This is a trade that you can still take as despite being oversold it has competed a head and shoulders reversal pattern that could take the pair lower.EURAUD20140819

The entry point for this trade was  1.4360 after 2 consecutive down candles appeared.

Profit :70 pips

Drawdown: only 10 pips.

Click here to see yesterday's setup.

Therefore it was a great day today.

  1. 255 pips profits was made
  2. Exposure was spread among 4 currency pairs
  3. Drawdown was minimal as the trades were perfectly timed and entered
  4. Duration periods of trades was small

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.