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Thread: GBP.USD

  1. #1
    action-reaction arco's Avatar
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    Default GBP.USD


    One of my systems has triggered a
    possible long on the Gbp.Usd
    I would prefer to see dual confirmation,
    however there is often a decent day trade
    available from this signal.

    Please note. My intention is not to offer any form of investment or trading advice whatsoever. The system I have detailed above could easily fail miserably at any point. If you choose to follow this system be aware that you do so entirely at your own risk and that I cannot be held responsible for any losses incurred.


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  2. #2
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    Update.
    Nice rise already on this one so far since open and has
    been up as high as 1.8273 from open @ 1.8164

    In these situations IMO its always good to take 100 points
    profit on 50% of the position and let the balance ride
    with a trailing stop.





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  3. #3
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    Update.
    Continued upward movement on this one so far since
    position opened and has been as high as 1.8498
    from start @ 1.8164.
    Current profit to yesterdays close + 311 pips.













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  4. #4
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    Quite a fall overnight on this pair, and that is why IMO
    its always wise to take some profits along the way.
    This means if the stop is at entry and gets hit,
    at least 100 pips profit is guaranteed and already
    safely in the account.

    Technically today one system on the daily has triggered a short,
    and the weekly is already short. In this case for safety we could decide to close the balance 50% long now and take an extra 80 points.












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  5. #5
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    It was sensible to grab the extra 80 pips and
    follow the signal to go short.
    (Total 180 pips taken from the long).

    Quite a fall overnight again on this pair, with
    an extra 100 pips taken out of the 255 pip range
    on 50% of position.

    Balance 50% on trailing stop.


















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  6. #6
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    Balance stopped out at breakeven.
    Total 100 pips.

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  7. #7
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  8. #8
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    Currently testing the change in H&S neckline polarity, and if this resistance holds firm we could soon see the continuation of leg 5 down IMO.





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  9. #9
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    If image in last post is blank try accessing
    from this link.

    http://www.reefcap.com/ubb/uploads/H&S.gif









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  10. #10
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    Short from 7842





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  11. #11
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    Expecting a possible rise today so
    trade closed @ +75pips

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  12. #12
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    There was a slight one day rise as expected
    but the fall has resumed with first targets
    perhaps in the 7300-7340 region.

    18-21-31 May could be directional dates.









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  13. #13
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    Maybe an explosive move about to happen?





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  14. #14
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    The possible Flag consolidation appears to be developing into a Reverse Symmetrical (bullish), and if that is the case there will be a fall to 'e' completing corrective '2', and a reversal should follow. I have 30 June as a significant date. (Amended from 1 July).
    There is a chance that 1.8000 could be seen first IMO.







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  15. #15
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    The chart appears to show we could be at or nearing the top.
    Perhaps minor wave 4-5 of 3AB. Prepare for descent to C.





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