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Trading the Asian channel at the European opening, again…

Posted on October 2, 2009 at 5:43 in Technical Education by David Aranzabal

After taking good rallies on Monday and Tuesday, today GBP/USD give us a good opportunity to profit from the markets on a very regular pattern: The Asian channel at the European window. Just a tight range but very profitable as we got a clear indication that repeats over and over:

See the charts for more information:

4 Responses to “Trading the Asian channel at the European opening, again…”

on 02 Oct 2009 at 5:46 am1su25

Hi David
Good to read your post after a long gap.
Do you trade Gbp/Jpy during Frankfurt/London opening using similar techniques?
Regards
su25
on 02 Oct 2009 at 6:00 am2David Aranzabal

Hi su25,

Thanks for posting a comment so fast !! I’ve just published the article and I see your comment. I really appreciate it.
GBP/JPY is a good pair for trading at the London opening using these techiniques, but I’m not especialized on GBP/JPY, so you have to check it out. Just be aware that this pair is the currencies Ferrari, so you can get a nice rally but It can reverse very fast as well.
Thanks for posting !!
on 02 Oct 2009 at 6:43 am3su25

Hi David
I check your blog around the time you post, and if I don’t see your post I check several times a day hoping to read your post!
Indeed Gbp/Jpy is the Ferrari of currency pairs. But then I like this pair, and those successfully trading this pair probably own a Ferrari too. Hmmm…. someday…
Regards
on 02 Oct 2009 at 7:16 am4David Aranzabal

You are right su25!!
Keep working so hard and the Ferrari will come up. But just remember, consistency is the key on this business. Driving tracks is much safer on Forex !!

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