luke1827
Long

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

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
Fellow traders,

Please see my previous post for context:
Why it is a good idea to trade USD/SGD using channels and slopes


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
Looks good.
One question though: slopes? Moving average slope?
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IvanLabrie PRO IvanLabrie
Nevermind, gotcha! Nice going ;)
Reply
Hi Ivan,

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

Regards,
Luke
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Closing Trade here @ 1.3584. Reason being that the DX is hitting resistance
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See chart.

snapshot

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

http://www.businesstimes.com.sg/sites/default/files/attachment/2014/10/13/monetary_policy_v2.pdf
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