Support and Resistance Trading Forum

Trade idea *PIC*
By:Rob
Date: 1/12/2010, 11:20 am

Because of new NFA regulations, I'm not permitted to give specific trade recommendations anywhere that the general public can view it. (GRRRRRRRR) So, with that in mind, below is a chart of the gbp/usd with my approx. entry and targets. My best advice is not to short the pound, look to go long. Use your setups, indicators, whatever tools you use to trade with, and watch for a spot to buy. Remember also, between the Trigger line (white) and the Support line (yellow) - that's no-mans land, don't initiate a long position until the Trigger line has been broken by an upward move in prices.

Responses To This Message

Trade idea
deadlydoggy -- 1/14/2010, 11:29 pm
Re: Trade idea
Buck -- 1/13/2010, 9:22 am
Re: Trade idea
Rob -- 1/13/2010, 6:32 am
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