I’ve been watching cable with the idea that the London open will give a good opportunity to go long in sync with the system. Cable obliged, but I was out ferrying kids around town. So I missed entering around the 1.5270 level for which I had set an alert. Nevertheless, this is a good enough entry.
Long GBPUSD @ 1.5284. SL 1.5242.
The system has been long GU, EU, AU since late last week, but I closed all trades before the weekend. The original long trades are still valid, especially the EURUSD and GBPUSD. The AUD does not offer a very good risk-reward for a long entry after the surge in early Asian trading.
For the sake of system testing I would enter system trades as follows:
long EURUSD @ 1.3157, SL 1.3122.