Thursday, June 26, 2008

dont know exactly

I really dont know exactly why cable always come back and closed in 1.9800 area on the last 5 month and every body know he comes back again this month, is this because of the election?I hope someone can give me info. I think if he closed above 1.9800 in the end of  month it would open the bull cage. Still 1.9800 be a good resistance. As long as he didnt break that level i will search for a good place to shorting cable. I still use EMA 34 at 1 H TF to take the short. Resistance at 1.9780 and 1.9820. Any short would face resistance at 1.9650-1.9640 area.

Need some knowledge to use EMA 34, if any one need explanation please ask.

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