Showing posts with label GBPUSD Forex Pound. Show all posts
Showing posts with label GBPUSD Forex Pound. Show all posts

Saturday, September 8, 2007

Natural Cycle Update

The Natural Cycle has arrived. I was thinking price was going to drop down into it, but the opposite happened and price has peaked at the arrival.

The safe method of trading a cycle event is to find confluence with other indications. Also, wait until the top or bottom has proved itself to be a top or bottom, ie wait for a pullback or wait a couple of days to see if a change in direction is in place.

I have a few other indications that this recent peak is a top and I have some sell stops waiting to trigger. But as always I start small so in case I'm wrong the loss is small.