GBP 4HR 5-22-2007

I guess you can see now why I suggested that you follow my lead and exit the GBP trade with the 81 pip profit. Now why did I do that if the target was not hit?



There were two reasons. The first being that the market started hesitating at the lower trend line. The second is that it was a light news day and news is the fuel that propels a market.



If you have my book THE LAWS OF CHARTS AND MEN you know by reading the section on how a market reacts at support/resistance what to look for.



CLICK HERE FOR A MORE IN DEPTH ANALYSIS WITH CHART.



Jerry