GBP/Usd: Daily Market Trends Update 5/2/2018
GBP/Usd On 5/2/2018 at 8am est.. Boulder Multi Time Frame System:
1H, Uptrend, Trend stop at 1H close 1.3593, Running Period: 4x1H
4H, Downtrend, Trend stop at 4H close 1.3852, Running Period: 60 x 4H
Daily, Downtrend, Trend stop at day close 1.4318, Running Period: 7 days
( Note: Those stops will change with hour close and price action)
Trading Strategy:
Currently 1H uptrend, 4H and daily downtrend. If you trade 1H trend, preference is to long as long as uptrend stop 1.3593 held at 1H close.
Support: S1 1.3561, S2 1.3510, S3 1.3426
Resistance: R1: 1.3662, R2 1.3713 , R3 1.3756
Currently EA has 1 open positions for this cycle
CONGRATS on GU, p/s Glad you enjoyed my music compilation
Good job, okshop!!...Happy for your win....
I am trying out your system on other pairs also. Great system boulder2018 (NZDUSD)
currently watching cadchf the H1 trend been running tooooo long lol
I am glad you figured it out... I have not tried other pairs.. just added gbp.. I may expand to others with time...