Tuesday, 8 December 2009

Don’t forget the longer term Charts


Hi Everybody,

Just as I said in the “Day Trading” Blog, sometimes the longer time frames charts give you great results. A good example is on the 240min GBPUSD, as you can see, the recent TS3 sell has just reached the first projected profit target for a very nice +5.2R Profit (ignoring slippage and commission)

Again, another good example on why you should not forget the longer time frames charts, particularly on FOREX

Thanks, Steve