luke1827
Long

WHY IT IS A GOOD IDEA TO TRADE USD/SGD USING CHANNELS PART 2

FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
Fellow traders,

Please see my previous post for context:

Looking to take advantage of channels and slopes and fib levels as shown in my chart.

Entry: 1.3566
SL: 1.3493
TP: 1.37769

All the best,

Luke
its kind of overbought for the moment
Reply
IvanLabrie jangseohee
When was the channel policy introduced?
+1 Reply
jangseohee IvanLabrie
hahaha, channel is never the policy
+1 Reply
IvanLabrie jangseohee
It is!

http://www.businesstimes.com.sg/sites/default/files/attachment/2014/10/13/monetary_policy_v2.pdf
Reply
Closing Trade here @ 1.3584. Reason being that the DX is hitting resistance
Reply
luke1827 luke1827
See chart.


Reply
Hi Ivan,

The slope I'm referring to is the channel slope. Not using MAs in this analysis.

Regards,
Luke
Reply
Looks good.
One question though: slopes? Moving average slope?
Reply
IvanLabrie IvanLabrie
Nevermind, gotcha! Nice going ;)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out