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Today's trade - Looking to buy GBP/USD

Discussion in 'Jarratt Davis- Trading Signals' started by Jarratt Davis, Oct 9, 2014.

  1. Jarratt Davis

    Jarratt Davis Special Consultant to the FPA

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    Hey Everyone,

    Posted 9th October 2014 – 07:30AM London Time

    Originally Updated: 06:41am GMT

    Currency Pair: GBP/USD

    Sentiment: Short term bullish

    Market focus:

    In today’s trade set up we will be focussing on short term buying opportunities on the GBP/USD.

    Fundamentals:

    The USD fell across the board after the FED minutes were more dovish than expected, showing they were not in a huge hurry to raise rates, renewing their pledge to keep interest rates near zero for a considerable time after its asset purchase programme ends. They were also concerned with the recent strength of the dollar as it might slow the gradual increase in inflation.

    Technicals:

    We have a nice confluence zone at 1.6172-1.6167. This should offer short term support for any pullback.

    Stop loss could be placed at 1.6148

    First take profit target: 1.6200

    Second take profit target: 1.6230

    Trade management: After target 1 hit stop loss could be moved to breakeven

    London Forex Session Trading Outlook - Jarratt Davis

    P.S - If you want to learn more about how I trade, check out this link below

    http://www.forexpeacearmy.com/forex...e-trading-course-forex-pro-jarratt-davis.html



    - Jarratt Davis
    Fx trader, funds manager and Forex mentor
    www.JarattDavis.com

     
  2. Zaatar

    Zaatar Recruit

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    Dear Jarratt
    I really believe that you are a great trader, but today i will tell you what many people here think. I think you should have some vacations. Since sometime now, out of 4 signals you are wrong on three. I even start thinking to take opposite trades.
     
  3. mmudasir

    mmudasir Private

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    Zattar

    jarrat davis signal was good when i joined the forum.after 2 weeks the Most of fundamental short term trades failed by jarrat.he is still claiming he is making profit from longer term trades.but i dont think so.because the gbpusd cost me 20k after reached gbpusd price 1.60000 .he was claiming he was out because he knew Scottish referendum.i think he need to get a break .Jarrat we think you are great trader but please take rest and gve good signal to us.

    Regards

    Muhammad Mudasir
     
  4. peterg

    peterg Recruit

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    C'mon guys "short term Cable long," we had a huge roll over in Risk. "Context" is important! Still made money on that w4 against w3 62Ret. w5 down on risk-off sentiment paid better Cable.
     

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