FOREX TRADE ALERT

Professional Forex 4xGenie’s Summary Report For GBP/USD

5th Elliott Wave Dn Short   GBPUSD Symbol: GBPUSD

As of Nov-06-2008

Market has closed below the 1.7446 level. 4xGenie’s Action: ==> Maintain short position. Price projection of 1.6485 has been reached. Stop at 1.6670. NOTE: A consolidation of price movement or a price correction may be underway.

Next Day Trading Range.. High: 1.5883 Low: 1.5794
Next Day Breakout Points High: 1.5937 Low: 1.5759
Price Projections……. 1st: 1.7320 2nd: 1.6808

Important Notice

When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 - 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.

REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!
http://www.4xgenie.com/News_Charts.html

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Forex Trade Alert.

Forex Market Overview for Thursday Oct. 30. 2008.

We have a nice forex trends yesterday, but we decide not to trade because US interest rates announcement. Federal Reserve Chairman, cut interest rates 50 points and we’re seeing a reverse in every single currency pair. Question now, did JPY and USD run are over? We have to be patient couple more days to confirm that trend is changing. Markets around the world are still very volatile. Every single government around the world trying to stabilize their markets. We’re very concerned about USA election to.
We believe and many others on a wall street that Obama is going to win election, and he’s the only candidate in history who saying he’s going to raise taxes on people who making more than $250,000 a year. Most of those people invest their money in stocks, and they pulling it out now before Mr. Obama have a chance to tax them. This is why we still believe market in United States cannot recover yet but in any case if U.S. stock market goes up we going to sell the USD and JPY ( BUY EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, AUD/USD, NZD/USD .. SELL USD/CAD, USD/CHF ….) If U.S. market go down We going to buy USD and JPY (SELL EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, AUD/USD, NZD/USD……SELL USD/CAD, USD/CHF….). We have to be patient and wait and see. You can take some of the TRADES in the direction of the arow, but be careful if you in the winning position and something unexpected come out, You don’t have to wait to sell or buy back your position.

REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!
http://www.4xgenie.com/News_Charts.html

FOREX TRADE ALERT

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FOREX TRADE ALERT | NEWS ALERT for GBP/USD.

FOREX NEWS ALERT for GBP/USD 10/14/2008.

Snapshot of worldwide markets roller-coaster. We hope soon as the markets settled down to catch reversals on U.S. dollar and Japanese yen. For right now we did not find a safe entry for any of these currency pairs.

FOREX GENIE

Forex Trade Alert for - Symbol  GBP/USD.

<Forex Trade Alert for Monday Sep 29, 2008>

On Sep-29-2008 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this currency pair gbp/usd closed below 1.8279 on Sep-29-2008. 4xGenie Action: ==> Sell this pair at 1.7943. Stop at 1.8705. Wave 5 could drop down to 1.7540 or to 1.6645. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

Next Day Trading Ranges for Monday Sep 29, 2008

The 20 day moving average of the daily trading range is 290 pips and the 60 day moving average of the daily trading range is 208 pips. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 82.01 percent. This means that if this currency pair does not rise more than 72 pips from the opening price then there is a 82.01 percent chance that this will be an downday.

Monthly Pivots.

The [R3] or the most extreme high trading range is 1.8827.

The [R2] or the extreme high trading range is 1.8636.

The [R1] or the high trading range is 1.8340.

The [P] or pivot point is 1.8149.

The [S1] or the low trading range is 1.7853.

The [S2] or the extreme low trading range is 1.7662.

The [S3] or the most extreme low trading range is 1.7366.

Next Day Alternate Stops for Monday Sep 29, 2008.

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A good alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price rises above 1.8636 then that would show momentum against 4xGenie’s short position and that would be a break out to the upside.

Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.

Alternate stop: 1.81

Current Day Trading Session:

New momentum to the downside has just started.

Next Day Trading Session:

If the next day’s close is above 1.8749 then that could be a sign that the current downward momentum is reversing.

Forex Trade Alert for GBP/USD.

Forex Trade Alert for Monday Jul 21, 2008.

On Jul-21-2008 a candlestick formation confirmed a buy signal. 4xgenie Action: ==> Buy this currency pair GBP/USD at 2.0064. Stop at 1.9907. Wave 3 could rise up to 2.0198 or to 2.0468. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

TRENDLINE ALERT: Resistance level of 2.0003 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Ranges for Monday Jul 21, 2008.

The 20 day moving average of the daily trading range is 136 pips and the 60 day moving average of the daily trading range is 153 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 50.00 percent. This means that if this currency pair does not drop more than 34 pips from the opening price then there is a 50.00 percent chance that this will be an upday.

Monthly Pivots.

The [R3] or the most extreme high trading range is 2.0209.

The [R2] or the extreme high trading range is 2.0124.

The [R1] or the high trading range is 2.0077.

The [P] or pivot point is 1.9992.

The [S1] or the low trading range is 1.9945.

The [S2] or the extreme low trading range is 1.9860.

The [S3] or the most extreme low trading range is 1.9813.

Next Day Alternate Stops for Monday Jul 21, 2008.

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A good alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price drops below 1.9860 then that would show momentum against 4xgenie’s long position and that would be a break out to the downside.

Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 2.0033 then that could be a sign that the current upward momentum is reversing.

FOREX GENIE

Forex Trade Alert for  GBP/USD.

< Forex Trade Alert for Wednesday Jul 02, 2008>

On Jul-02-2008 a candlestick formation confirmed a sell signal. ForexGenie Action: ==>   Sell this currency pair gbp/usd 1.9841.  Stop at   2.0021.   Wave 3 could drop down to   1.9435  or to      1.9115.  NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending.  The CCI is above 100. This currency pair is overbought at this time.

Next Day Trading Ranges for Wednesday Jul 02, 2008.

The 20 day moving average of the daily trading range is 154 pips and the 60 day moving average of the daily trading range is 162 pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 64.89 percent. This means that if this currency pair GBP/USD does not rise more than 39 pips from the opening price then there is a 64.89 percent chance that this will be an downday.

Monthly Pivots

The [R3] or the most extreme high trading range is 2.0117.

The [R2] or the extreme high trading range is 2.0046.

The [R1] or the  high trading range is 1.9989.

The [P] or pivot point is 1.9918.

The [S1] or the low trading range is 1.9861.

The [S2] or the extreme low trading range is 1.9790.

The [S3] or the most extreme low trading range is 1.9733.

Next Day Alternate Stops for Wednesday Jul 02, 2008

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A good alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price rises above 2.0046 then that would show momentum against ForexGenie’s short position and that would be a break out to the upside.

Please Note: These support/resistance levels are calculated by using the previous day’s trading range.  Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.

Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below      1.97717 then that could be a sign that new downward momentum is beginning.

Trade Alert for - Symbol GBP/USD.

Trade Alert for Friday May 30, 2008.

On May-30-2008 a candlestick formation confirmed a sell signal. 4xGenie Action: ==> Sell this par at 1.9706. Stop at 1.9868. Wave 3 could drop down to 1.9465 or to 1.9200. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

TRENDLINE ALERT: Support level of 1.9784 was broken today. Look for a possible drop to the next support level.

Next Day Trading Ranges for May 30, 2008.

The 20 day moving average of the daily trading range is 145 pips and the 60 day moving average of the daily trading range is 175 pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 61.48 percent. This means that if this security or future does not rise more than 36 pips from the opening price then there is a 61.48 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.9963.

The [R2] or the extreme high trading range is 1.9891.

The [R1] or the high trading range is 1.9819.

The [P] or pivot point is 1.9747.

The [S1] or the low trading range is 1.9675.

The [S2] or the extreme low trading range is 1.9603.

The [S3] or the most extreme low trading range is 1.9531.

Next Day Alternate Stops for May 30, 2008.

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A good alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price rises above 1.9891 then that would show momentum against 4xgenie’s short position and that would be a break out to the upside.

Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.

Alternate stop: 1.9815.

Current Day Trading Session:

New momentum to the downside has just started.

Next Day Trading Session:

If the next day’s close is above 1.97890 then that could be a sign that the current downward momentum is reversing.

4xgenie

RESISTANCE AND SUPPORT

Very inportant RESISTANCE @ 1.9771

Very inportant SUPPORT @ 1.9427

RANGE 344 PIP’S