Gbpusd Recommendations And Analysis - Forex Forum

Hello everbody,

We'll get straight to the point. We give FREE buy/sell recommendations for GBPUSD that comply with the new NFA FIFO rule and we also train/mentor AT A COST. You can visit our blog at http://techno4x.wordpress.com for further details.

We are a group of professional business people that embarked on a journey of learning how to trade the forex market some 6yrs ago - some of us did the learning and some of us did the financial sponsoring so that the others could learn and some of us did both.

This journey took us through some rough terrain (paid huge amounts for training only to find out the training was useless, blew up a couple of accounts, cried, prayed, had several sleepless nights, spastic colons, etc. ). However, through it all, we persevered by God's grace, studying and testing and studying and testing until we developed something that can deliver consistent profits.

That's what we wanted... "consistent" profits. Losses are always part of trading; as long as the profits outweigh the losses. In order to be consistent winners we not only worked on developing a robust methodology but also worked on sound money management principles. The one without the other is a sure recipe for disaster.

One question always comes up: If your method is so successful, why are you involved in a training/mentoring program, why not just trade and be happy. Well, the answer is threefold...

1. It cost a looooooot of money to get where we are today and we would like to recuperate that money as quick as possible so as to increase our own trading accounts.

2. At least one of us is a teacher by heart and enjoys the whole mentoring "thing". This is a way to help people to be successful and also encourage the "teacher" in our midst who by the way, is the author of our blog.

3. We were scammed and used during our learning curve and we want to demonstrate to beginners that there are reputable trainers and traders out there that they can trust.

Feel free to visit our blog at http://techno4x.wordpress.com

Blessings to you.
kardoesie

DAILY ANALYSIS

The 1.6100 area is a criticial support area for our head and shoulder pattern. Cable bears have to bust through this support and sustain a downside move in order for head and shoulder to become active. This area proved too strong for them today and they were rejected. However, as long as R1 (1.6267) holds, we can expect another attempt from the bears to test this area.

What’s the verdict?

See full daily analysis at: http://techno4x.wordpress.com/2009/09/21/daily-analysis-22/

This post has been edited by kardoesie: Sep 22 2009, 13:25

DAILY ANALYSIS

DAILY CHART: BULLISH


As we suggested yesterday, we did get a significant bounce off of critical support at 1.6100. It was such a significant bounce that the close of today’s candle completed a bullish pattern called a morning star(highlighted in yellow).

What’s the verdict?

READ FULL ANALYSIS AT:
http://techno4x.wordpress.com/2009/09/22/daily-analysis-23/

BUY GBPUSD @ 1.6399

Cancel yesterday’s sell order (it was not taken in).

Consider placing a buy order @ 1.6399 with stop @ 1.6198 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS (42.6pip profit)

Cable bulls only made it up to the high of the morning star highlighted in yellow before their momentum wained and the market fell back. We anticipated today to be a little tricky because of the FED giving their economical announcement/assessment this afternoon; therefore we alerted our subscribers early this morning, when we realised momentum was waining, to take profits and stand aside.

Cable has ended the day with a red spinning top meaning the market went nowhere today. Eventhough it covered some territory, it ended almost where it started – as a matter of fact we have a bit of a lower close.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/09/23/daily-analysis-24/


[b]BUY RECOMMENDATION

Yesterday’s buy order delivered a 42.6pip profit based on an early alert that we sent out this morning to take profits in anticipation of the Fed’s announcement.

Consider placing a buy order @ 1.64721 with stop @ 1.63253 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Yesterday’s S1 area did not hold very long. Cable fell through it and ended with an impressive plunge to the downside closing below critical support. Because we have a close below critical support, head and shoulder pattern has been activated. This is very bearish.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/09/24/daily-analysis-25/


DAILY TRADE RECOMMENDATION

Cancel yesterday’s buy order (it was not taken in).

Consider placing a sell order @ 1.60192 with stop @ 1.63915 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Cable dropped some more delivering a nice little profit. R1 has moved down to 1.6069 and as long as it holds, bears are thoroughly in control heading for target area. However, we do have a support hurdle at 1.5800 (refer to yellow horizontal lines and highlighted candles causing the hurdle) which could delay the fall a little by causing a bit of a bounce up. The market will tell us when it gets there what it thinks of it.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/09/25/daily-analysis-26/

DAILY TRADE RECOMMENDATION:

Consider placing a sell order @ 1.59131 with stop @ 1.6071 at open of mkt on Sunday evening. This trade recommendation is valid until Monday evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS (33.5pip profit)

Cable rejected the 1.5800(support hurdle) area for the 3rd time (refer to numbering). Third time is always a crucial time; it’s the time that the market normally has to make a decision (is it going to bust through or retreat significantly?)

R1 has moved down to 1.5982. As long as R1 holds, bears will try to retest and bust through the support hurdle area. However, if we get a daily close above R1 tomorrow evening, we can expect bulls to test the bottom of the neckline or even go up as far as 1.6500 area. As long as the 1.6500 area holds, the head and shoulder will remain valid, still giving the bears a chance at the proposed target area.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/09/28/d...33-5pip-profit/

TRADE RECOMMENDATION

Consider placing a sell order @ 1.57664 with stop @ 1.5984 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Cable ended the day with the completion of a possible piercing pattern (refer to yellow highlighted pattern marked #3?) which could be bullish. However, we need a daily close above R1 (which has been adjusted to 1.5992) as confirmation that we are dealing with a piercing pattern. Until then, we are merely dealing with a bounce up in a bearish move giving it a sideways notion (in otherwords, the market is taking a breather after its push down).

As we stated yesterday, this is the third time Cable is rejecting support hurdle area and therefore we can expect a possible big move here (either to the upside or the downside). The possible piercing pattern could make us jump to conclusions and anticipate a move up; however, we’ve been in the business long enough to know that we wait for confirmation (wait for the market to tell us what it’s going to do). NEVER ANTICIPATE THE MARKET!!!!!

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/09/29/daily-analysis-27/

TRADE RECOMMENDATION:

Yesterday’s order was not taken in and should be deleted. Consider placing a new sell order @ 1.58214 with stop @ 1.59937 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Cable bulls reached for the neckline today but were stopped by previous critical support (marked with red horizontal line) first mentioned in the daily analysis of Sept 21 and highlighted here in green (marked A). This support has now potentially become resistance with the formation of a shooting star-like candle bouncing off of it (highlighted in green and marked B ). R1 has moved just slightly above this area to 1.61282. If R1 holds, we have a change of polarity making the bearish case stronger and endangering the support hurdle area below.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/09/30/daily-analysis-28/

[b]TRADE RECOMMENDATION:[/b]

Yesterday’s order was not taken in and should be deleted. Consider placing a new sell order @ 1.59414 with stop @ 1.61302 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

This post has been edited by kardoesie: Sep 30 2009, 23:01

DAILY ANALYSIS

Cable has ended the day with a small red candle. This gives a little more power to the shooting star mentioned in yesterday’s analysis and therefore to the bears. However, eventhough the bias is bearish, it has a sideways flavor to it.

If we’re dealing with a change of polarity as we suggested yesterday(refer to red horizontal line with A and B connected to it), then we could expect bears, at the very least, to test the support hurdle at 1.5800 again (refer to yellow horizontal lines). However, for this to take place, R1 has to hold.

It is also important to note that tomorrow is the first Friday of the month which means the non-farm payroll comes out at 8:30amEST and this announcement almost always causes huge swings in the market.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/01/daily-analysis-29/

DAILY RECOMMENDATION:

Move stop to 1.60286. This trade recommendation is valid until tomorrow evening 5pmEST.

Tomorrow is the first Friday of the month and therefore the jobless report. We will check market before 8amEST tomorrow morning for possible exit.

MONTHLY REPORT (420.1 PIP PROFIT):

We ended this month with a 420.10 pip profit. Cable is still trying to get out of the grips of the huge consollidative head and shoulder pattern it’s been in since June but we’ve still managed to squeeze those pips out.

It is our intention to publish an e-book in the next month on how to trade the daily chart. This e-book will be sold for $39.95 and will give the reader a grip on the methodology behind our daily analysis and recommendations.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS (23.50pip profit)

Cable is trapped between previous critical support that has now become resistance at 1.6100 area (horizontal red line) and support hurdle at 1.5800 area (horizontal yellow lines). We got a bounce off of 1.5800 at 1 and 2 and a bounce off of 1.6100 at 3 creating this trap. R1 has moved to 1.5959. We need a break of either area for market to be able to carry on further.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/04/daily-analysis-30/

[b]TRADE RECOMMENDATION:[/b]

When market opens this evening place sell order @ 1.58003 with stop @ 1.59610. This recommendation is valid until tomorrow at 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Still no change to the overall picture. Market still going sideways with bearish bias. Bulls tried to bust through yesterday’s R1 area, but were unsuccessful and market was pulled back below it. R1 has now moved to 1.60262. White highlighted area represents the area that has trapped the market and we need a break above or below for market to run again.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/05/daily-analysis-31/

TRADE RECOMMENDATION:

Cancel yesterday’s sell order which was not taken in. At 5pmEST consider placing new sell order @ 1.58991 with stop @ 1.60282. This recommendation is valid until tomorrow at 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Nothing has changed for 5 days now. China is celebrating their New Year and their banks have been closed and it’s interesting to note that the market has gone nowhere with their banks closed (makes you wonder!!!!). Anyhow, R1 has moved to 1.60504. That’s the only change. Please refer to previous analyses of previous few days for the full picture.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/06/daily-analysis-32/

TRADE RECOMMENDATION:

At 5pmEST move stop to 1.60524. This recommendation is valid until 5pmEST tomorrow evening.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

R1 has moved to 1.59743. As long as this area holds, bias is still slightly bearish although we’re getting more and more sideways bound everyday. Critical support and resistance still holds market captive.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/07/daily-analysis-33/

TRADE RECOMMENDATION:

Stop remains as is until 5pmEST tomorrow evening.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Friday ended with a huge bearish engulfing candle (closing below two blue candles); however, Cable still hasn’t been able to break through critical resistance or critical support. Since she’s been in there so long, it is probably wise to wait for a close above critical resistance or below critical support before putting in another order. We will sit this one out until then

60pip profit

Analysis that led to this trade is visible at: http://techno4x.wordpress.com/2009/10/13/daily-analysis-35/

DAILY ANALYSIS (26.5pip profit)

Cable finally broke out of its sideways rectangle with a healthy tall blue candle (refer to highlighted candle). This is very bullish. However, it is Friday tomorrow and we have resistance (target area) pretty close up ahead so it would behoove us not to be greedy.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/15/daily-analysis-36/

TRADE RECOMMENDATION:

Place buy order @ 1.63036 @ 5pmEST. Stop @ 1.59698. 1st target would be at the 1.6400 area.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS (18.8pip profit)

Today’s candle closed into resistance zone and also closed above yesterday’s high which is very bullish. However, we’re still in the resistance zone, so we have no guarantee that she’s going to go on.

What’s the verdict?

Read full analysis at: http://techno4x.wordpress.com/2009/10/19/d...18-8pip-profit/

TRADE RECOMMENDATION:

Place buy order @ 1.64302. Stop @ 1.62371 Valid until tomorrow 5pm.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

ANALYSIS (158.40pip profit for the week)

I’ve marked the head and shoulder again with blue ellipses and the neckline with black trend line and I’ve also marked the major major resistance area that the market stopped at last week (refer to horizontal red line) and I’ve marked the major major support area that sent the market up there (refer to blue horizontal line). I’ve done this to give an overall picture of where we are with Cable right now. Because we got such an aggressive bounce off of major major support area, we find ourselves above the neckline of head and shoulder again and therefore back into major consollidation.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/10/25/daily-analysis-39/

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DAILY ANALYSIS (116pip profit)

Cable has presented a very interesting scenario. By the end of this past week, it had completed an upside down head and shoulder pattern (refer to yellow eclipses and yellow neckline) that is check mating the previous head and shoulder (refer to metallic blue eclipses and metallic blue neckline). Which one is going to come up with the winning move?

What’s the verdict?

READ FULL ANALYSIS AND TRADE RECOMMENDATION AT: http://techno4x.wordpress.com/2009/11/01/d...it-for-october/

See latest trade results at: http://techno4x.wordpress.com/dailytraderesults/

Blessings
Techno4xteam

DAILY ANALYSIS (107pip profit)

Our sell recommendation panned out and gave a profit of approx. 107pips (we took profits at the metallic blue neckline of the metallic blue head and shoulder pattern). This afternoon the daily candle, completed what we call a bullish flip flop giving a buy setup.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/11/03/d...-107pip-profit/

TRADE RECOMMENDATION:

Consider placing a buy order @ 1.64598 with stop @ 1.62578 at 5pmEST. Valid until tomorrow 5pmEST.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS (65.6pip profit)

Cable’s two head and shoulder patterns are still check-mating each other. First trade this week tested the blue head and shoulder neckline (refer to bottom white arrow) and our trade we closed profitably today is testing the yellow upside down head and shoulder neckline (refer to top white arrow).

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/11/04/daily-analysis-41/

SEE TRADE RESULTS AT: http://techno4x.wordpress.com/dailytraderesults/

Blessings
techno4xteam

DAILY ANALYSIS (173.4pip profit for the week)

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/11/04/daily-analysis-41/
Nothing has changed since above-mentioned analysis was posted. Still no trade recommendation yet.

SEE TRADE RESULTS AT: http://techno4x.wordpress.com/dailytraderesults/


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TECHNO4XTEAM

This post has been edited by kardoesie: Nov 7 2009, 4:53

DAILY ANALYSIS

See full analysis at: http://techno4x.wordpress.com/2009/11/22/daily-analysis-43/

Consider placing a sell order at 1.6456 with stop at 1.6681. This recommendation is valid until tomorrow evening at 5pmEST.

Thank you for your patience these past two weeks. We almost lost a beloved but by God's grace she pulled through and we may even get to take her home tomorrow. All our praise goes to the Lord.

Trade results visible at: http://techno4x.wordpress.com/dailytraderesults/

See money management strategy @ http://techno4x.wordpress.com/money-management-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings

techno4xteam

DAILY ANALYSIS

Just as we thought, nothing changed the past week. R1 is still the same @ 1.66782. Resistance zone still holding market back and applying downward pressure. Interesting note: The two head and shoulder patterns are still at check mate with each other. Market was held by blue neckline of blue head and shoulder pattern on Friday, but it is also held captive by the yellow neckline of yellow upside down head and shoulder which is part of the resistance zone above.

What’s the verdict?

READ FULL ANALYSIS AT: http://techno4x.wordpress.com/2009/11/29/daily-analysis-44/

Our friends at Elliott Wave International have just released a free 42-Page eBook, How You Can Identify Turning Points Using Fibonacci. Created from the $129 two-volume set of the same name, it’s available free until December 2, 2009. Learn more.

blessings
techno4xteam