In the 8 hours candle marked with the number 1, the entry level (1.5968) in the down side was violated (W1 candle red), then there was a big retracement.
When the price went out of the bearish channel marked by the parallel lines, I sold a binary option:
06JAN10 09:30 CET Binary GBP/USD to be above 15960 - Price 80.30
(GBPUSD price was about 16055)
I bought later the option:
06JAN10 15:36 CET Binary GBP/USD to be above 15960 - Price 66
Five minutes before i close the trade the sell price was about 54
and five minutes after closing the sell price was under 20!
In the eight hours candle marked with the number 2, I bought by mistake a binary option when GBPUSD was about 16000:
06JAN10 20:01 CET Binary GBP/USD to be above 16060 - Price 4
Eight minutes later I could sell it at profit when GBPUSD was about 16020:
06JAN10 20:08 CET Binary GBP/USD to be above 16060 - Price 8.30