Sell posted to TAP at 8:20am ET, Sell GBPUSD at 1.5633. This sell is based on Daily chart indicators, as such, may take some time for this to come around. Appropriate risk and exposure should be used for that reason. Most of the week we have seen this pair bounce between the mid 1.5600′s and 1.5500′s. Yesterdays daily candle opened and closed under the daily trend line and todays candle is retesting the underneath side of that same trend line. That along with some fibs and the history in the mid 1.5600′s gives us a good bounce point for the ride back down to 1.5560 then a break there could head to the mid 1.5400′s. Again larger compression equals larger risk.
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Ross – made 51 pips on the GBPUSD trade! Too bad it is still a demo account. Going on a cruise. When I get back, I hope to continue with a live account.
Thanks.
Larry
Great Larry! Demo is always a good place to start when trying a new or different strategy.
2 buys on CHF & made 22 and 10
3 buys on GBP as I added as it went up further and made 38, 27 and 7 pips
<~~~~Happy Bunny!
Sorry – I meant sells on GBP! (Good job I hit the right thing when trading!)
Hi Ross,
Just came across your signals and i did check them out.i am impressed,but would like to place real trades with them .How do i go about it