Welcome to this trading blog. The purpose of this blog will be to highlight simple trading setups and concepts which will hopefully help to increase account balance, minimise stress (due to trading) and make us all better traders. I only look at higher timeframes (1 HOUR AND ABOVE) and as such am able to walk away from my computer screen i.e 'set-n-forget'. I am also a believer in the KISS (Keep It Stupidly Simple) principle and try to apply this to my trading using simple concepts e.g. divergence, minimal number of indicators, confluence of factors, and most importantly PRICE ACTION.
Hope you all enjoy it.

16 August 2010

GBPUSD

Hello all

Start of a new trading week.. Just got into a long position on the GBPUSD. The signal here was the highlighted hikkake pattern on the 4-Hour chart. So far so good

Cheers
Posted by Ayo Odunuga at 08:02

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