GBP/USD is testing the breakout line, this is the moment of truth (and a chance to buy more GBP/USD)....
Yes, so repent, REPENT SINNERS! Anyway, another good week full of pips (as far as I am concerned), hope some ET traders made some money with that breakdown on the EUR/USD, too.
This GBP/USD triangle breakout went quite well (5 min chart), and the support line was never penetrated. Here is the updated chart:
I thought others could learn from the outcome (a rise of four cents). I already knew how to position. If people are interested in this, somebody could post a daily chart. Does anyone else find it interesting that this market has risen continuously since the day after the "leak" about the supposed negative interest rate? Who did that announcement by "anonymous" "ECB insiders" benefit? Actually, when you are consistent in forecasting what will happen next trading becomes rather tedious. Not as tiring as trying to help others improve their market knowledge when they retort with personal attacks. Interesting you mention ego; the people who have problems with ego are those too arrogant to countenance the possibility that there are some traders who can deduce the likely future market action to a high degree of accuracy most of the time - as opposed to the many who are merely guessing, or worse being led into traps set by smarter players. If people had less ego, less insecurity, and a work ethic they would be open to possibilities and might take the effort required to understand the market and develop themselves. I see no value in continuing to post - this board was an outlet for me as I was somewhat isolated and also with extra time I could not use productively due to health problems (which I am pleased are now resolved). Hopefully some benefited as I won't have time to visit and post in the future.