Dislikedin the last 3 weeks before this one, this pair has had 11 up days from 200 to 209 on an Open/close basis.
Total amount of pips on the up days, only from open./close range: about 1200
Total amount of pips on the down days..barely 300
and in the current week so far: 2 up days, 2 down.
on O/c basis : some 200 pips up so far
and some 350 on the down days, almost all on Monday
weekly candle chart attached
Regards,
http://img380.imageshack.us/img380/5836/weekygbpbp8.jpgIgnored
last week on O/C basis only:
some 400-430 pips down and some 280 pips up
Friday may have looked horrible, but in fact it just retraced 50% of Thursday's bull run
I bet many rushed to sell at today's opening gap down, looking for "the big one" and a repeat of last week's Monday drop..
Remember, dont get married to ur trades (and associated convictions)
trade well