MTPredictor Blog on Forex: GBPUSD

Hi Everybody,

Well it is nice to see the GBPUSD 240min reach the projected DP target I had in yesterdays post :-)

I hope this has been yet another good example of how the DP’s can be used on your FOREX Charts............

Steve

Please Read First

In this Blog I will be using MTPredictor to demonstrate how to use the software to find, and then manage, trades. So this Blog is mainly to help current MTPredictor users become better with the software. If you are new to MTPredictor or are seeing MTPredictor for the first time, this Blog will also show you what the software is capable of.

I will be using examples on all time frames and on all markets, from Futures, Stocks and FOREX.

Because the Blog is for Education only, it should not be viewed as a track record for the software, losses can and will unfold with any trading method, so I will also include examples on how to manage losses as well as how to manage the profitable trades.

The Blog lists the newest posts first so sometimes you will have to read a lower posts first to see a train of thought though consecutive examples.

The charts can be enlarged by clicking on them.

Thanks, and I hope you enjoy the reading......

Steve

All examples ignore slippage and commissions

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Risk Disclaimer and Disclosure Statement

Trade at your own risk. The information provided here is for Education only and is of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action.

By purchasing the MTPredictor program or trading course, or by reading this Blog, you acknowledge and accept that all trading decisions are your own sole responsibility, and MTPredictor Ltd, MTPredictor.com or anybody associated with MTPredictor Ltd including S. E. Griffiths cannot be held responsible for any losses that are incurred as a result.

All trades shown on this Blog are hypothetical, they were not executed. There are just shown for illustration and training purposes only.

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There is risk of loss in trading and investing. All trade decisions are your own sole responsibility.

MTPredictor Blog on Forex

Thursday, 15 October 2009

GBPUSD – 240min Chart

Steve Griffiths

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About Steve Griffiths and MTPredictor Ltd

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