DislikedTragapips, I'm confused now. This was Nage's last chart posted for the pound/usd pair.
Hope he can clarify that.Ignored
Now applying Nage´s AP you can see an interesting thing price is trapped between the green and blue lines. My downward AP is now magenta.
Too many lines I hope chart will be clear enough
http://img521.imageshack.us/img521/8...7052949ba6.png
Johann
Channels and cycles are everything