On May 20, 2008 I wrote "GPB/USD in the Bermuda Triangle" and alert our readers to a potential Advanced GET Stochastic sell that was shaping up. If you had simply kept the position on your watch list and been patient allowing the trade to come to you, it can be that simple.
In reality simply obeying the rules for the Advanced GET Stochastic Strategy was all you needed. All the other things were just extra (in a personal effort to have more precision).
The trade has moved to over 190 pips profits from entry in only seven trading days and is almost 50% of the distance to the MOB (target). If one was on the aggressive side and took the trade using a 60 minute chart for entry, the trade is over 250 pips in profit.
Long before any of the recent "news events" transpired to cause the US Dollar to move up and the cross pair currencies to move down, the charts communicated to me where the markets probably wanted to go.
Below is a simplifed view of that British Pound/US Dollar (GBP/USD) chart.
(click on chart for full view)
Go back and read my three part series and see for yourself how being patient and sticking to the rules can work in your favor.
Trade Well,
Ernest O.
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