Just today we were pointing out GBP as about to break a massive multi year trend line....and it blasted out of there tonight, 30 minutes after I put my long trade on (small at 2 contracts...but moves influence alot of money).
Nice surpise for a change, here is the original post
http://oahutrading.blogspot.com/2011/02/gold-transition-channel-and-gbp.html
and the results. NZD tanked at same time, as did Euro. Stop moved up to a nice profit, may get whipsawed but that is the risk.
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Insightful and Useful Comment!