This is one I've just been watching on usd/jpy, and shows how Guppy can come in very handy in decision-making. The heads-up for this one came whilst price was peaking at the Guppy LT 60ema. As price descended, it was fast approaching the psychological 50 line, so it was worth waiting to see how price would deal with this barrier. However, Guppy was showing a definite inclination to continue dropping, so once price had breached the 50 line (along with the ASH crossing the zero line) plus the very close S1 line (indicating a strong movement), it was time to enter. Price dropped rapidly and breached the 00 line and exit probably should have been at S2, but jumping ship as indicated would still produce a nice profit.
I'm still playing with these psychological 00 and 50 lines, so no trade was involved other than demo-ing.
I'm still playing with these psychological 00 and 50 lines, so no trade was involved other than demo-ing.