Hey there,
If you can see what had happened throughout the weeks, the US economy is going down now.
Please be careful in trading forex. US Dollar is going to be down again. The big investors are shorting the US Dollar now.
Remember that US Dollar is now going south. So, buy GBP/USD, EUR/USD dip in the up trend and be patient in your trading.
P/S: Sorry, there’s something wrong earlier with this site. Now fixed! 
Today will be the nonfarm payroll report. Tomorrow will be holiday. So, it’s the last day of trading for this week.
We can see from all sorts of fields which show the bad economy of US right now. Starbucks had just closed down 600 of its shops and 12,000 of its employees just loss their jobs….
This is just increasing the unemployment rate and my prediction is that USD will fall. So, if you would like to take risk and trade the GBP/USD or EUR/USD or other USD related pair, go short for USD.
Obviously, it will be good to buy GBP/USD and sel USD/JPY as I mentioned earlier as Pound is at its strongest point against USD.
Have a great forex trading day and hope that this nonfarm payroll will help you get some profit.
God bless!
Looks like we have a resistance in GBP/USD.
Sold at 1.9943 and put stop loss at 2.0005. Profit target at 1.9800.
Let’s check if we will reap another profit this time!
Have a great forex trading day! God bless!
That’s what I see…. Buy at 1.9860 and set stop loss at 1.9790. Set your profit target at 2.0000.
If price going down to 1.9830, add lots again but set the stop loss at 1.9790 also.
I expect that the price will hit our target today.
Let’s just see how’s the market react.
Have a great trading day!
Update: Closed at 1.9937. The profit is 77+107= 184pips under 24 hours. Not bad huh? The reason why I closed this is because I have enough for today. You don’t need to be perfect in trading forex. Grab pips that you want and then bring them to the bank.
God bless. Leave some comments!
Be watchful! GBP/USD is going to be up…. bought at 1.9672 stop loss 1.9581.
I will hope to see few hundred move in this pair….
God bless!
Update: Just close my trade for retracement at 1.9822. Not bad for 150pips in less than 24hours right?
God bless and have a great forex trading day!
Usually GBP/USD and EUR/USD move in the same direction.
The big traders are now in favor with the Euro as well. Translation: Buy EUR/USD.
1.5400 area is a good price to enter. Stop loss will be good around 100 to 120pips away. Target profit will be 1.5600 area. Price might go more than that.
We will see what the price is going to do in this week.
God bless and have a great forex trading week!
The effect of big traders is now showing in the market price.
Remember to buy dip in the uptrend of this pair. 1.5010 area is good to buy. You want to set your stop loss at 1.9405 or lower. You can wait for price to come down first then enter your trade. However, no one knows whether the price will go down first then go up again.
Just to be patient while you trade GBP/USD. It will be a big move this week. It will go up to 1.9720 area or more. Don’t risk more than 5-10% of your account.
Take care and God bless.
Market Traders now are throwing off USD. Weak economy with low employment makes the US Currency down. Traders are not only selling USD but they also buying other currency like Pound. This is very good indication as we discuss before this about the GBP/USD will be up because Pound are getting stronger now.
I would suggest that you trade GBP/USD. Buy in the dip in the up trend. Look for good opportunity around 1.9650 area. USD has going down with their value now unless something to boost their economy for this moment. Today forecast is base on USD. So, you can also looking for other pair based on USD currency to buy or sell the pair but I’m not recommend USD/JPY at this moment both are uncertain now.
USD will be going down for at least few weeks. We take this opportunity to get some profit by selling it.
This is great in forex trading because whenever a currency is down or up, we still can make money.
Hopefully that this time USD gives us some good profit although USD is going down now.
Have a great forex trading day!
Previous Pound forecast: Pound Forecast
We will expect this time nonfarm payroll will be worser than last month. Previous month’s nonfarm payroll show us -27k and this months is expected more than -50k.
Whatever the report from the nonfarm payroll this month, we must remember for the long term GBP/USD will be up. Of course the nonfarm payroll report will affect the currency for a while but it will follow the great investors.
We will see how it goes.
Remember to get out of the trade on 6th June 2008 for the nonfarm payroll report.
Have a blessed day!
Previous nonfarm payroll .
Today, we focus on Pound forecast.
Where will be Pound (GBP) going? I believe that the Pound will be going up soon.
The big investors are looking good on Pound. They are in favor of Pound not because that England has great economy. As a trader, you have to know where will is the big investors going and follow them. Since now they are going for Pound, then you want to buy Pound when the GBP/USD in going down.
This is a must rust in trading forex: Buy Dip in the Up Trend.
Alright, lets move on…. You can buy at 1.9550 level and put your profit target at 1.9650 while stop loss at 1.9510. Let’s see what the Pound is doing. Since you had set the profit target and stop loss, the the Pound does its job.
Have a great trading in forex!
God bless!
Remember that for long term, the Pound will still going up. Don’t hate the Pound now.
