I am just showing you how I am trading this wedge. The pivot bars are long trades and the next long pivot trade will be Sunday night if the opportunity is still there. Bearish move is over for the most part, however, I wouldn't rule out that it come back down to the 1.7900 area, which is what we want to be able to trade this long Pivot trade on Sunday with a small stoploss. As it stands now the stoploss would be over 160 Pips with a net profit of approx. 234. You are reading 1 step behind me. I will reiterate one more time: As I said before, GBP/USD is not for beginner traders, if you are new try E/J or E/U because this pair will kill you and it won't even look back.
And yes you are right about going long after todays close, but only if the trade is still there and it fits the MM
Jim
It is cool...Buddy..
Sonic
are ready to cross each other in daily, so i asume we are in a pivot point right now (1.8260). shame it's on friday. but i think in a gap up and the cross be finally make it. if it fail, we must lookin for a new low, below the 1.7440. So in that case is better to short for a 800 or more pips... for now, i think is better go long til 1.8570 as far
Then I went long, unfortunatly not off the 4h 50 ema. I'm working on that theory still! But I did get in at a very nice price once the direction was confirmed to have changed. This was an excellent day for shorts and longs
. Yeah!!!
