I was responding to Michael's comment about trend lines suggesting a sell, well that's right but looking at when this signals are generated you will discover that this is not put into play.
LETS LOOK AT WHAT HAPPENED TO OUR SIGNAL
We basically have entry points at 6:00 Hrs GMT and Exit Target Time at 10:00Hrs GMT.
I had talked about the fact that the entry price at 6:00 GMT may not be feasible sometimes, but however we enter trades at this Times notwithstanding if the price is ABOVE or BELOW our ENTRY TARGET.
View trade Signals http://piptrain.blogspot.com/2008/02/eurusd-signal-for-weds-20th-feb-2008.html
Entry Points at 6:00Hr GMT with market opened at 1.4712 for the pair EUR/USD, this can be crosscheck on any chart. Market closed at 1.4707 when it was 10:00Hr GMT, this was our exit time.
But during the time duration market touched 1.4727, so maybe if some of you out there had moved stop loss to secure Loss. I believe that some would not secure LOSSES.
I'll keep you POSTED ON MY NEXT SIGNAL JUST BEFORE 21:00 Hr GMT.
GOODLUCK ![]()
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