WEEK ENDED 1.3.2014  (Part II)

Let us have a look at GBPUSD

1 HOUR CHART

Looking at the sell signal on the far left corner (yellow circle) - this is clearly a failed signal.
The price did not trend downwards by a lot.
I consider this a Stop Loss 200 pips guaranteed.

The next buy signal fares better. (blue circle).
Entry could have been late on 1.6574 on 12 February 2014.
Price peak at 1.6821 on 16 February 2014 - a gain of 247 pips
Price later drops to 1.6582 on 24 February 2014 - still no sign of Stop Loss 200 being triggered.
Recent price closes 1.6734 - a floating gain of 160 pips for those who still hang on to their trade.

4 HOUR CHART

A more favourable signal from the 4 Hour chart.
Entry was on 15 August 2013 at price of 1.5591
On 28 August 2013 price dips to low of 1.5423 - a drop of 168 pips - still safe from Stop Loss of 200 pips.

Other than this dip, there was not any major dips until todate, which the price closes recently at 1.6734 - Oh My God! - a massive gain of 1143 pips!! Congratulations to those who can held it for so long with no adjustment of Stop Loss or setting Trailing Stops.

DAILY CHART

First signal shown - the sell - not a bad one as market kept trending downwards.
Trade could have entered around 1.5617.
The price went on to a low of 1.4830 - a gain 787 pips.

Let us focus the recent buy signal
Entry is around 1.60145.
Price eventually drops to 1.5853 - a loss of 161 pips - which is still safe from our Stop Loss of 200 pips.
With the recent price closes at 1.67345 - which results in floating gain of 720 pips!

Not bad for GBPUSD. Seems better than EURUSD.