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Triple top in cable at the european window

Posted on July 3, 2009 at 4:18 in Market comments by David Aranzabal

Today we had a triple top pattern in the Frankfurt - London window. A time when It’s very common to find a reversal.

This was at the same time we found a triple top in 60 min charts, so the signal was very powerfull.

We had 2 or 3 opportunities to go short on the way down. See the graphs:

4 Responses to “Triple top in cable at the european window”

on 03 Jul 2009 at 6:31 am1su25

Hi David
Today I thought it would be similar to yesterday, but in the opposite direction, i.e. break asian resistance.
Aside from experience, what would have stopped you from taking a long trade?
And, if my earlier email id had some problems, maybe you can try this one.
Thanks
on 05 Jul 2009 at 8:18 am2Carlos

Hi,
I have the same ideia.
I expect GBPUSD last 2 week false breakout.
Smell a nice top where.
Let me sendo you my chart.
Big trades. Enjoy
http://1.bp.blogspot.com/_MJqKtyMMr28/Sk5TPByAq9I/AAAAAAAAAY0/tmiY0iR1r70/s1600-h/libra.png
From: http://followmarketrend.blogspot.com/
on 06 Jul 2009 at 5:20 am3David Aranzabal

Hi su25
welcome back. Entry long just at the Frankfurt opening would have been all right AS LONG AS you took partial profit for protecting your position at 1.6430 level (previous day resistance).

We always have to manage risk. The side effect of managing risk is obtaining profits.
on 06 Jul 2009 at 5:24 am4David Aranzabal

Hi Carlos
Nice to see you on the blog. That’s a good view.
I just add up the typical behavior at the European opening (Intraday)
Keep posting !! (I’ve just seen your blog. Keep the hard work)

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