GBP/USD Trade Setup (Jan 24)
There has been a nice reaction at both the 9600 and 9650 areas before the cable has inched higher near the 1.97 handle. Look to sell around 1.97.
Labels: Forex Signals
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Labels: Forex Signals
I will resell at 2000
Posted by
Anonymous |
January 26, 2008 3:27 AM
Selling at 2.0 could be a good trading setup but we'll have to look at how the professionals are positioning themselves when the market reaches that area. If you were holding out for that level and didn’t see the setup I talked about when it was trading in the 1.9950 area, you just missed out on several fantastic trades.
Notice how the cable started it’s descent before NFP. The shorts were already in way before news time. The professionals new what the numbers were before the numbers were even released and have been positioning themselves all week long. Recognizing professional trading activity has to be your top priority or you will be turned into shark bait. That’s exactly what happens to the 95% club. The reason that the Value Level Trade Alerts produce so many great trade setups is that the system focuses on professional trading activity.
I hope this helps.
Best regards,
Jared Montgomery
Posted by
FXTrader |
February 1, 2008 6:54 AM