GBP fights back.....


hey all

i'm still getting my consultancy work back up to date .........will try to get to screens this coming week

in my absence the gbp has made a decent comeback ..........1.16's to Euro............will we see more ?

well it takes 2 to tango in currency pairs ...to make it better we need

1) the GBP to increase in value to the G8 2) the Euro to decrease in value in the G8

so in november we have no complaints on th red GBP (See chart).........and euro is falling against the others ..except Yen ........

when I mentor .a lot of more experienced traders say to me ..yes yes yes ........of course i understand that ...its bloody simple ......

but is it really that simple ?...........most traders skip the basics in strengthmeter trading and thats why they fail and move on to the next quick fix ................take nothing for granted in any part of trading ............analyse and study from the roots up ..........you'd be amazed hw much more you see if you look at things with fresh eyes

until next week

N


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