In the other thread (which had been closed down for some unclear reason - well I guess, it must be one of the dogs who closed it down, for their own sake's reason), I mentioned about a new concept that I found recently about how the dogs are trading.
I found it worked quite effectilvely.
Here's the trick that I found :
Monday, it's a critical time to finetune the week's movement. If the moement breaks either new high/low (compared to last Friday's), the movement will go along that trend.
Monday, August 25,2008 1:20 AM :
GBP/USD has broken a new low (actually it HAD been starting from the beginning of the market when it broke 1.8501 +> compared to 1.98505 previous low).
So, it is CLEAR that GBP/USD will fall down. And for theose who caught the moment (sold @ 1.8495), in 5 minute time, he/she would gain almost 100 pips just now. If we carefully analyze, this was actually a silent signal from the dogs : WE are going down for sure!
Next target ? Pheww! 1.7800 or 1.7760 for sure!
Happy trading!
I found it worked quite effectilvely.
Here's the trick that I found :
Monday, it's a critical time to finetune the week's movement. If the moement breaks either new high/low (compared to last Friday's), the movement will go along that trend.
Monday, August 25,2008 1:20 AM :
GBP/USD has broken a new low (actually it HAD been starting from the beginning of the market when it broke 1.8501 +> compared to 1.98505 previous low).
So, it is CLEAR that GBP/USD will fall down. And for theose who caught the moment (sold @ 1.8495), in 5 minute time, he/she would gain almost 100 pips just now. If we carefully analyze, this was actually a silent signal from the dogs : WE are going down for sure!
Next target ? Pheww! 1.7800 or 1.7760 for sure!
Happy trading!