Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Wednesday, July 22, 2009

GBP-USD Trade Results - July 22, 2009

Today's trade result is based on MACD strength and also close observation of the price movement. As the market is hanging in the balance i have to take a little bit of luck by depending on the MACD direction upwards to harvest some pips on the minor resistance level in the hourly time frames.

Nothing we can guarantee on this stage only luck can help. As big time movement might be just aroound the corner to move up or down. It is just a matter of time that no one can know where it is heading to next.

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