Monday, March 9, 2009

Is It Magic Or What

I love it when told these patterns are just coincidence.

At .50 fib moved stop to .382 fib. When $ reach .618 moved stop to below .50 fib @ 1.2638, took profit and left 25% of original order. So trade is still going and good but have locked in 44 pips (-22 pip original loss). Not much but I'll take it.

If this trend keeps going and breaks the daily trend line I am expecting $ to possibly reach 1.2880 (a demark projection). Notice the Gartley on the 60min. Don't forget to check the other time frames (no need to mention names :)). Double top at 1.2725. My macd and stoch bias is still to the upside on the 15min. If you're following along (I know how is) remember to take some profit as you go.

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