Well as another day starts I should say that I took another 10 points on GBP/USD yesterday. I won’t put the chart up. There was a pivot 16673 and I took the points going short from 68 to 58.
Well what can I say about today? It is not even 08:30 and I am 50 points up. Kofi took 29. I used 2 different strategies for the points. I used an hour strategy, which I might add you are supposed to stay in for the full hour or thereabouts. Had I stayed in for the full hour I would have had 64 points. Also I used the breakout strategy
We will start with the hour strategy first.
My entry was 16653.9 (short) and I had my 20.2 points at 16633.7
As you can see all the signals were in place. The Bollinger Bands were moving out of Pinch, MACD was Diverging, Standard Deviation had reached the bottom and was just rising, and Volatility was still low enough.
Lets look at it now the hour has passed.
As you can see there was a heap of points to get, it GBP/USD actually went down a further 50 points.
Which brings me to the other trades that I did. I used the 5 min chart and traded a breakout at 07:00, this netted me 20 points and then traded it later for a further 10
I was in the chat with Kofi and Kate when I noticed that there could be another 10 available. I did try and tell them however they were deep in conversation.
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