Wednesday, June 25, 2008

more careful

should be more careful to trade on this week. first target was hit yesterday tho it wasnt a big one.
looks like the waves has been complete now it should go down technically but i saw some bad numbers on the US data comes later. i suggest not to take a trade today, just wait and see.
i need to mention that there is a good shape on D1 time frame, is it gonna go higher or create an M? i guess 1.9800 is the key.

if u have itchy trigger fingers, this strategy below can be a consideration
-take a short using MA34 at 1H time frame place 1.9703 as stoploss and 1.9600 as the target
-any upward should have some resistance at 1.9750-1.9780 area if these are holds then take a short at 1.9700 place 1.9753 as the stop, 1.9650 as first target or u can just floating it to 1.9550 area just after he down to 1.9650 area.
-wait for a clear cross.


have a nice trade


M



Complete Elliot

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