03 November 2010

GBP/USD : Fresh Buy Signals

  • On all 3 of Tide Wave Ripple, cable is a buy now.
  • Monthly : Breaking upside of triangle.
  • Weekly : Invalidated Double Top.
  • Daily : Bull run.
  • Bought BPZ0 at 1.6124 in single lot. No pyramiding as no interest to ramp up risk levels. Purely for reflex maintenance purposes only. Important to not to lose habit of doing the right thing at the right time (= follow system).
  • Overall risk profile little changed with this.

No comments: