Tuesday, 27 October 2015

20151027 GBPUSD Update

Hi Traders,

Update on the previous post.

I did close the trade for a pip count of 48.

In the picture below you will see that there is an orange horizontal line. On my D chart that is the low of a bar that straddled my main MA-type-indicator. Not only that but my other indicators show that there could be a move down. You know what they say if it looks, smell, taste like chicken it could be chicken!

I do not trade on the D charts but only on the M15 so I did exit the trade. Will keep an eye on this one, pretty sure it could be a pip count of 100 minimum. BUT you would have to be able to leave the trade untouched.

Lets go find some more trades!

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