Thursday, July 23, 2009

GBP-USD Trade Results - July 23, 2009

Thursday July 23, 2009 trade results for forex experiment and testing is below. I have to scalp based on MACD and price actions activities. The updwards direction is dangerous path to follow as it can fall, in sudden. However for the good of experiment and testing i can do it with careful trade to evaluate the market movement.

It works perfectly.

The idea is simple, as MACD monthly time frame is still moving upwards i expect that the market might move a little bit higher than 1.6744 (previous resistance) when the weekly slow stochastic start to move upward again. We will see if it happens this week or next week.

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