Thursday 23 February 2012

Fibonacci, Divergence, Wiseman 1 on GBP/USD

GBP/USD Hourly

Price retrace to 50% Fibo level, zoom out to 15 min chart and start looking for a buy opportunity

GBP/USD 15 min

There's a divergence, buy at 1.5783, Close position for 30 pips profit at 1.5813..

Then price continue to go down, I didn't take it. I was waiting for trendline break and it did but the stop loss was too big for me and i missed the big move T_T

GBP/USD 15 min

There's stochastic divergence, and also there's a bdb (wiseman 1) and with a nice angulation too if we put the alligator, and I don't know why I didn't take it..

Oh well, until next opportunity.. Gotta keep my eyes open..

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