Rocketman

New Plan for USDGBP: UK Post-Brexit Data Continues to Confound

FX_IDC:USDGBP   US DOLLAR / POUND STERLING
129 2 9
I am probably going to give UK data predictions a rest seeing that it comes out quite interesting 70% of the time. Then I will stick to other countries.

Here is my technical plan for UK data. I will most likely join the banks and non-commercials and short the pound again and stay long the US Dollar             . I believe that the GBPUSD             still will go to 1.26 in the long run.
Comment: Retail Sales will be crappy for UK tomorrow:
Comment: Of course... I have since switched my position short.....
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Comment: Total lack of interest
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hello, what is the name for this method, crossing channels and trend lines ?
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This is the technical part of trading. Technical analysis is just less that 5% of my method. A lot involves thinking outside the box and studying central banks, economic data and large banks in order to make an INFORMED decision. Heck, even economists look at charts. All that other stuff out there is chart wizardry alone by itself. Sometimes I get caught up in using technicals alone so much that I forget about reality. Then, when I go back to reality, I start making bigger profits again. Everything must align, if not, I don't want to put my money down.
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