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Reload this Page Short GBP-USD

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Old 10-05-2009, 11:02 AM
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Short GBP-USD
I think I have it now after several attempts to post and upload a chart... lol

Off the top Resist line I have drawn from the 10-1 0500 hrs high, I used the 30 min. previous low to enter if the resist line was touched and failed to enter on the short side at 1.5997

I am using my exit as the low of 10-2 1200 hrs. with a stop out of 1.5955.

As I am writing this, there is a double bottom forming for support around 1.5904 and may just exit the next time it fails to break support there.
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Old 10-05-2009, 12:06 PM
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Looks like a good setup . That range has held for most of the day. Did you end up buying that double bottom at 12:30 ?


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Old 10-05-2009, 01:07 PM
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I didn't get the double bottom. It formed while I was trying to figure out how to use this forum posting. Btw, it was a triple bottom that I did not see untill after I got off and put my support line at the double bottom. On 10-2 1500 hrs. was the first of the triple bottom...
Amazing how you can see things after the fact.... lol
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