Trading GBPUSD from +15 or -15 levels
Posted: Tue Jan 29, 2008 4:31 am
I found the interesting thing for GBPUSD - when it breaks zero levels up it is likely to bounce very fast from 15 to 5 - so you can easy take your 7-10 pips. the same thing when it breaks the zero level down - bouncing from 85 to 93-95
For example - GBPUSD breaks up 1.9800 and with panic goes to 1.9815 so you put limit to 1.9815 and within a minute you will probably earn 10 pips.
The same is for lower limit - break down 1.9700 - put limit at 1.9685 and grab your pips.
it seems EUR and JPY also work, but GBP is very fast...
BRGDS, Dan
For example - GBPUSD breaks up 1.9800 and with panic goes to 1.9815 so you put limit to 1.9815 and within a minute you will probably earn 10 pips.
The same is for lower limit - break down 1.9700 - put limit at 1.9685 and grab your pips.
it seems EUR and JPY also work, but GBP is very fast...
BRGDS, Dan