GBP/USD
One way that intraday traders can trade the trend(s) ...
is to use multi-timeframe analysis while following momentum.
Here we can see the Daily trend has been BEARish :
The 1-hour crosses BEARish off *old* SUPPORT =’s *new* RESISTANCE :
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If the day trader isn’t interested in holding during the pull-backs, ...
they can close-out on a confirmed BULL-cross on a lesser timeframe ...
and re-short after the correction ...
as long as the 1-hour trend is still BEARish :
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Comment by Lisa on January 18, 2013 at 2:08am -
Good Evening from *cooler* Florida.
The countertrend correction was pretty significant, ...
especially for those that don’t feel comfortable waiting-out these corrections.
I personally feel this pair and the USD/CAD are extremely *choppy* :
Multi-timeframe analysis, where the trends line-up or agree ...
can offer those higher probabilistic trading opportunities for intraday trades :
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Comment by Lisa on January 18, 2013 at 3:06pm
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BEARish trend on the GBP/USD this morning (EST), as well :
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Comment by Lisa on January 18, 2013 at 4:05pm
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wOot woOt [̲̅$̲̅(̲̅1̲̅)̲̅$̲̅]٩(-̮̮̃-̃)۶ :
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Comment by Lisa on January 21, 2013 at 3:20pm
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BEARish bias continues on the GBP/USD after a small pull-back / correction :
intraday BEAR cross for a nice trade opportunity :
broke SUPPORT :
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Comment by Lisa on January 21, 2013 at 3:39pm
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being aware of SUPPORT :
watching the corrections on an even lesser timeframe for exit decisions :
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Comment by Lisa on January 21, 2013 at 5:05pm
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momentum breaks SUPPORT :
Comment
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