Friday, October 2, 2009

Continue to hold Pound trade.

I decided to continue to hold this 1 unit on the pound. Everything still pointing down. Looking for a double bottom to take profit at 1.5770. I expect we will get there early next week. I look for a bounce at this point. Let's see?

2 comments:

  1. Hi Kevin! I see you are using some technical analysis indicators, MACD? Have you read this free e book on how to use them as an Elliott Wave trader from EWI? I'm reading it through for my third time, it's pretty useful stuff. We have an EWI article on this, with a link to the e book, on our blog: "How a kid with a ruler can make a million"
    I'll keep an eye on your blog also, but at the moment I'm kinda stuck with trading the Euro, as I've done so much analysis and I get help from EWI with the Short Term Update (it does not always mention the GBP).
    May all your trades be profitable!
    From forexinfo.us :-)

    ReplyDelete
  2. Thanks Laura I will get the e-book and take a look at it. Thank you for your time! :)

    ReplyDelete