Watching GBPUSD

Well, most of the markets are trending quite strongly at the moment, and have done for the past week. It would be very easy to get into quite a few trades and make a tidy little profit - however, that woudl take a lot of time sitting in front of the computer, making sure that you can get out as quickly as possible if the trade did go against you - which is why I am not getting into any trades at the moment. If i were to do that, then I woudl not be following my strategy rules effectively.

With that said, there is a good chance that in the next couple of days we could have a signal to get into the GBPUSD (To sell which is contrary to where the currency looks to be heading) I think that this is more of a little false peak, and it will soon turn downwards again. Even if I am wrong, it would be no disaster, as I will only get into the trade if the indicators say I should - this will almost guarantee that the trade will go to profit (looking at the backtesting in any case... which can be very misleading in my opinion - but it is still nice to be able to look back saying that the strategy has never lost... )

I can not see anything else on the horizon as of yet, but the markets will change, and I will be there to try to catch them.

Just a reminder, that the last trade was +220 pips, and the other one I pointed out (but focused on the other trade so missed the boat) went to about 380+ pips that woudl have given us a 330 pip profit (with the 50 pip trailing stop).

That would mean that we woudl have had about a 10% increase in one or two weeks!