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I found this quite interesting that there is an never-ending debate as to whether PIPS or dollars (you earn per week/month) are more important - and I wanted throw my opinion in the ring.
Fools chase dollars, wise gather PIPS - trendwaiter.com
I think PIPS are more relevant and IMPORTANT - as opposed to dollars which come & go [...]
Ok - here’s the gbp/usd 4-hour chart. here are my observations:
The trend is definitely bearish
MA crossover of 5/20 - also called donchian (used mostly in daily charts - I used it here) indicated downside
Resistance at 1.8300 (last week’s low)
A possible new resistance from the new high at 1.8200
A double-bottom has been hit at 1.7950
Next possible [...]
Hi - thanks for stopping by.
I am a forex trader - or atleast trying to be one since 3 yrs. I am actually a web developer - who has been trying to become a full-time trader.
I decided to log gbp/usd - the pair I trade the most - and hope to post my “visions of the [...]
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