EURUSD Short, Monday, May 17, 2010
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In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.
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I’ve entered the E/U short on the 1h feedback candles. My PT is 1.2150 and my SL is 1.2450.
Here’s the chart:
Click to enlarge
I’m still watching the E/J and the G/U for similar signals. The N/U hasn’t closed below its box but when it does I’m in that one, too.
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And then they all shorted the EURUSD and let us say amen.
Where did you get your PT from, I am still in and have a PT of 1.2210 if you draw a line at that price its also a previous resistance line on the weekly chart from back in 2006, is that roughly how you got it ?
I just put fibs on the swing between 1.2255 and 1.24 and then aimed for the 161.8 level. Though its been interesting to see it rehit 1.24
Woo hoo…what a ride. My G/J, G/U and E/J all hit profit. I went ahead and took this trade off the table just to secure it. I will be happy to get in again after a retracement and a bounce.