Friday, April 9, 2010














- Been a while since i posted.. Here's a set up i took on the GBP currency.
- Set ups are based on the 60 min and taken on the 233 tick or 5 min chart. The EMAs were all above the 50 on all time frames except the daily.
- My larger target was the 50 EMA on the daily, which has major resistance from previous Lower High, weekly R1 and days R2, all in red.
- This workout perfectly, I plan to re-enter on a break above resistance next week..

Note:
- if you notice my chart colors are also based on the RSI trending, which work out very well without looking at it. Price is my driving force not indicators.