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Update on the GBP/USD signal

Posted on 13. Apr, 2009 by .

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A few days ago, I wrote about the GBP/USD trading in a range, and the possibility for a trade, when either the support or resistance line was broken. It did take a while, and to be honest, I didn’t expect it to happen today, due to the holidays. But it did break our resistance line about 5 hours ago. The one hour candle closed shortly after above the resistance line, and I went in long at 1.4805. At this moment the pair is trading around 1.4855, so I am up about 50 pips. I have moved my stop loss to break even, and I will let it ride a bit. I expect it to go higher, but since we are getting close to the psychological 1.5000, I will keep an eye on it. I will probably TP at 1.4870 -75 if it goes that far. I guess I will go higher throughout the week, but I will probably bounce of 1.5000 a couple of times before breaching it. We have not really seen any retrace back to our resistance (now support) line, but if you didn’t get in, you will probably get another shot, within a short period. If you want to be safer, wait for a breach of 1.5000, to go long. That’s it for now. Let me know what your thoughts are.

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Frontpage on feed the bull

Frontpage on feed the bull

Posted on 08. Apr, 2009 by .

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I went over to FeedTheBull, just to notice that my Review of Forex Confidant is on the front page. Well I know that this is not exactly like Digg, Reddit, etc. so there have been no huge spikes in traffic to my page like there is when someone hits the front page on one of the big social news sites. Anyway, I just got excited, so I wanted to write about it. You can probably tell this is the first time I have experienced this. However, this might sound better than it actually is. If getting 7 votes is all it takes to get to the front page, it should be possible to get that position a couple of times. Anyway, thanks for the votes, guys.

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