January 10, 2010
British Pound Sell Setup - 200 pips
Hello fellow traders,
Below is a video I just made on a 30 minute GBP/USD chart that could have taken in near 50 - 200 pips. This was yet another classic trade setup that I have been "pounding the table" on for the last 18 months.
Hope this gives you some food for thought….
Until next week, peace and prosperity,
***Consistent Profits With Low Drawdown Over The Past 18 months
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Key Market Reversal Levels for |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6414 | 1.4866 | 96.96 | 155.00 | 138.50 |
| Turning Point Down #2 | 1.6275 | 1.4658 | 95.00 | 152.28 | 136.97 |
| Turning Point Down #1 | 1.6159 | 1.4489 | 93.47 | 150.00 | 134.50 |
| Turning Point Up #1 | 1.5932 | 1.4247 | 91.89 | 147.49 | 131.64 |
| Turning Point Up #2 | 1.5814 | 1.4050 | 90.78 | 145.00 | 130.00 |
| Turning Point Up #3 | 1.5669 | 1.3750 | 89.50 | 141.81 | 127.38 |
| Intermediate Trend Direction |
Down | Down | Up | Up | Down |
| Major Trend Direction | Up | Up | Down | Down | Down |
| Comments | |||||
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***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click this link: Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE: |
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Filed under Blog by Jeffrey Wilde
Comments on British Pound Sell Setup - 200 pips »
Hi Jeff,
I have not bought one of your products yet but I have e mailed you a couple of times with questions in the past. I have been learning what you are teaching and have watched most of the videos in the recent posts section and really like what you are doing. It is all starting to make REAL sense and it is not complicated at all. I am hoping that your way of trading the reversal patterns that you teach is going to really help my trading to become more structured and consistent. Thank you for everything so far I truly appreciate it and hope you continue to help for some time. You are a credit to this whole forex arena, at a time when there is such a lot of rubbish out there and people selling useless robots and poor systems. THANKS JEFF.