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
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
came back in on cable buy scalps 2915/16.....to 2923 so far
cable 2933....slow but sure
2963........plenty of life buying GBP today
2990......superb mornings trading .....nearly 70 pips up from when i got back in for ride
guys i'm personally trailing around 10 pips back on cable ......still rolling
i came out around 97.....not back in yet ......back later ....no complaints on 80 pip run