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

Thursday, July 30, 2009

GBP-USD Trade Results July 3, 2009

There is no telling when the volatility of support resistance will stop as the pair keep up and down the same level. In this trade i just wait for the crowds to make the move and try to ride the boat together at every crucial point. The game is just playing along support resistance level.

However there is one advice just don't get caught with the big move. Otherwise it's too late and the losses is big or wasting your time waiting.

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