OK, now we have established that the 4hr chart was at DP resistance, can you see that the `hr Chart was also at DP resistance as well. This was the cue for a short trade.
AS you can see, this got you short as the Euro started to decline. The GBPEUR then went straight though the initial minor DP target ans the short tarde is now being managed using the ATRStop.
With a current Profit of +7R (ignoring spread), this is turning out to be a good trade. So while all the Bankers run around like headless chickens not knowing what is happening, MTPredictor customers are quietly and confidently making money :)
Thanks, Steve
AS you can see, this got you short as the Euro started to decline. The GBPEUR then went straight though the initial minor DP target ans the short tarde is now being managed using the ATRStop.
With a current Profit of +7R (ignoring spread), this is turning out to be a good trade. So while all the Bankers run around like headless chickens not knowing what is happening, MTPredictor customers are quietly and confidently making money :)
Thanks, Steve
