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Trading the Asian Channel in Cable, again…

Posted on September 16, 2009 at 5:47 in Market comments by David Aranzabal

Today we got again a very clear pattern that happens when there is not a clear direction on the pair.

GBP/USD formed a 123 pattern at Asian support and it went all the way up till the Asian resistance.

We got 2 or 3 opportunities to go long and take a piece of the move (around 80 pips)

See the charts for more detail:

4 Responses to “Trading the Asian Channel in Cable, again…”

on 16 Sep 2009 at 11:20 am1nick_s

Ahh.. the 1-2-3 pattern on a 1min chart at support/resistance is my bread & butter!
on 21 Sep 2009 at 6:15 am2David Aranzabal

Hi nick,
Welcome onboard, I’m glad you trade this pattern. It repeats over and over on the 1 min. chart when we get momentum.
Thanks for posting.
on 25 Sep 2009 at 1:27 am3Swana

Welcome onboard.

I am convinced about this theory, too.
It is the best and the only one.
But how can we all get together in order to trade these patters at this time live?

Please, give us response, David.

With respect, Swana
on 13 Oct 2009 at 7:32 am4David Aranzabal

Hi Swana,

Sorry for the delay, but I’ve been quite busy these days. I’m trading the European opening in front of my 2 monitors, very focused,(I even switch off my mobile phone) and I don’t follow any chat room. We may organize a live room on the future, but not at the moment.

Thanks for your comments and welcome back!!

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