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Traders that use Setups

Discussion in 'Market Predictions and Reports' started by ITtrader, Aug 8, 2011.

  1. ITtrader

    ITtrader intellitraders representative

    Joined:
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    For those of you that use formations in your trading like myself the GBPUSD is forming one of my favorites. On a 4 hour chart it has a great double top and bottom. Overall I enjoy trading breakouts because the gain can be huge with a very small risk. How many of you trade using setups such as these and do you also find them profitable? Another great setup this morning was a pin bar on the USDJPY that made for a great sell. Below is the double top that has formed.

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