Posts tagged trading
Is GBPUSD going to go up or down this week?
Dec 14th
Our bias is to Up, however, currently this pair is trading sideways. Our expectation is that it should go up to 1.6650 (currently trading at 1.622)
Trading Tip Number 1
Dec 14th
Here’s a simple trading system using only a 50 or 20 Moving Average (Exponential biased if you like) and a stochastic or CCI oscillator as it’s signal.
In an uptrend – defined by MA(E) 20 or 50 take only oversold reading (from an oscillator such as CCI or Stochastic) as a buy signal (can use the next overbought reading as a stop of trade if you like)
In a downtrend – defined by MA(E) 20 or 50 take only overbought readings as a sell signal (can use the next oversold reading as a stop of trade if you like)
