The video below shows how it is possible to make over 1000 pips trading GBP/USD. The events of the week will tell us if my interpretation of the current market conditions using simple technical analysis like Fibonacci, Candlestick patterns and support and resistance is true or not.
Currently the GBP/USD has been trending with a channel for a few weeks / months and it is quite interesting to see the behavior of this currency pair.
It is always easy to show in a class room how one should have traded based on completed candlestick formations. The challenge is always when the candlestick patterns are in the middle of their formations like the video shows.
Please post your comments as the events of the week enfold....I might also place other trades during this week, so be on the lookout for possible new trades.
Sunday, February 22, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment