GBP action.....

October 21, 2019

morning all and thanks for the input of my fellow experienced  T2winners !

 

ok lets put GBP action in perspective .....everyone is saying boohoo to GBP but if you look at the last week its hardly collapsing is it ? 

 

sure if it falters under that red trend line i might be worried .....but until then i will keep hitting the buy button on big plays 

 

scalp wise i trade what i see......its all about perspective......a 4 hour session is not the same as trading a weekly position ....

 

thats what i teach people alongside my Relative strength meters approach 

 

N

 

for example ....this morning I have been happily hitting GBP bull plays from early london open (who cares about the asian session if you were'nt scalping it  ? - see second chart below 

 

8:22

came back in on cable buy scalps 2915/16.....to 2923 so far 

 

8:51

 

cable 2933....slow but sure 

 

9:03

2963........plenty of life buying GBP today 

 

9:16

2990......superb mornings trading .....nearly 70 pips up from when i got back in for ride 

 

9:26

guys i'm personally trailing around 10 pips back on cable ......still rolling 

 

9:49

i came out around 97.....not back in yet ......back later  ....no complaints on 80 pip run 

 

 

 

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