GBP/JPY live trade attempt – why I use significant highs/lows

Hi Guys,

I've had quite a but about setting significant highs and lows spoken as triggers for reversal trading posts. In this video I show you exactly why I do this.The video began as a trade in live video but the trade was never caused. So I used the video as an opportunity to illustrate the importance of using the significant highs and lows.

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Succesful Master Candle Trade (24 Sep 2010)

Hey guys,
So I didn't get a chance to this post so far but did anybody catch the two great MC transactions that I have in the analysis on Thursday posted I was away Friday?I caught the GBP/JPY trade 1 hr when it formed a party scouting. it was a great trade!
I missed the USD/JPY set-up as I was looking out for a party with scouting and not form.

How did you get on this trade? please leave a comment and let me know.

Tagged as: gbp/jpy, master candle