Preparation and Confirmation. This morning in our preparation I discussed the British Pound and how it has had the hot hand in our strategy lately. I believe it is important to recognize when a market is showing great responses to your strategy and to continue taking those trades until proven wrong.
The British Pound has been very responsive to our 60 minute levels and has been having good rotations on both sides of the market. Therefore, telling us that if we see trade alerts from our strategy along with some short term confirmation from our Beacon Divergence indicators, we should jump on those trades regardless if they are longs or shorts.