This Strategy is a very slow one, It's not a quick breakout strategy or a something you need to check everyday. Even when using the 4 hr chart is really the way i zoom in on daily chart. If you understand what i mean. So thats why i stick with the 4 hr for signals and i look at daily for more of a wider view to filter out any bad signals.
So the trade that everyone is refering to is the bullish trend on the GBP/USD the price pattern bouncing off of the lower BB on the daily chart. The band may expand showing a little of a breakout and break the High that is in April.
Thats great for us in this strategy!!!!
Im locked in with Sell that is -378 pips and a 2 buy that is + 756 pips
it changes every few secounds but im locked in, my account is hedge. when i get my clear sell on the 4 hr check the daily make sure it's a true signal and let my buy contracts go. Note that i had one of this buy contracts for almost 2 months
On the way down i will shop for a buy and pickup one more sell and of course hold on to my other sell. I hope this clears it up.
So i guess in a week or so, i may get a signal for a sell or may have to wait a while.