A loser and a bigger winner overnight, and then what ended up being a non-reaction to the Fed’s QE2 announcement. See GBPUSD below.
New calls and Chat tonight. Two more trading days until US time change. But who’s counting.
Our calls were in the GBP/USD, one long and one short as usual. Both entries were through our proprietary Break levels (red lines on the chart). The short triggered (point A) and did not work (our stops are 25 pips); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES but the long triggered (point B) and worked great, hitting our first target at R1 at C and then on to R2. Final piece stopped based on our adjustment at D in the morning:
None of the other pairs had a trigger that we called, and there were no Value Area plays.