Forex Investment

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.

I made my first trade today using a very simple system and profited 30 pips. This simple system really is a product of becoming very familiar with the intraday movement of the GBP/USD.

This morning with no economic releases, the GBP pushed downward below Friday’s low, 1.9457 but couldn’t push any lower than 1.9438. This failure to follow through usually indicates a possible trading opportunity. Timing is very important though. The push downward first occured at 5:15 am EST. I would never take a reverse here. In fact, I wouldn’t take a reverse until after a good portion of the US session is complete. My thinking is that if in this case there just aren’t enough sellers to push the pair lower. The intraday sellers in recognizing this fact will close their positions either taking profit or a small loss. I don’t like to trade greedy and in my experience, taking 30 pips from the GBP/USD is optimal. In my trade today, this proved correct, I got in at 1.9463, out at 1.9493, and the pair hit a high of 1.9495. Below is a chart of the movement this morning. In an attempt to possibly spur some discussion, I’ll post a video later.

This is just one way that I look for trading opportunities. I’m not looking at any of the traditional indicators, just the previous session low and the candlesticks for the current session. I’d say that I’m pretty close to trading naked (no lagging indicators.) I’m also of the school of keeping it as simple as possible.