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Monday, March 16, 2009

Mar 16/09 Long GBPUSD(3)

Recommended FOREX Trade:
Buy GBPUSD with CTGFutures Nested Trading Systems.
GBPUSD - CTGFutures Nested Trading Systems

In the upper chart (150 Tick) note the system is in Buy or Long mode. We then trade Buy/Long signals only on the 10 Tick chart below. Note that the 10 Tick went long while the 150 was still in a long position. This traded netted a total of 29 PIPS as the 10 Tick closed out the position on the dip. The 3 long trades made this morning together summed up to 104 PIPS. As long as the 150 Tick remains long we will trade the 10 Tick long signals. This position was forecast in CTGFutures Weekly Trade Plan for March 16, 2009. You can download the PDF File for free.

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