Monday, October 29, 2012

Short GBP/USD Oct 26, 2012

Shorted GBP/USD last week.The trade is still open. Trading is based on channel pattern and bounce off the resistance. Since the counter has been tracking this channel nicely last few weeks, it is quite a good trade. Apart from that, the 1-hour & 4-hour charts are inline with daily chart. This kind of pattern is not easy to find.

Generally, leave the trade open over the weekend is taking additional risk.

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I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。