Being on vacation I shouldn't be sneaking down into the hotel computer room checking on my positions but it's a temptation too hard to resists sometimes. I'm putting a lot of weight on the monthly chart which seems to be following the fibo indicator nicely. the 23% test is in the 133.xx area and the 50% is around the 120.xx price range (look at my previous chart I put up). The monthly just started a transition downward indicated by the EMA so at this point there are no sureties that it will downtrend but it's looking good for that direction. I don't trade on the news of things so the 100-200 pips up and down don't have a lot of meaning. At least for the trade I'm in. This post is probably not so helpful for you with more short term trades--sorry.
The advantage of trend trading is that I don't have to stare at the computer all the time. I'll go back to day trading but I'm on vacation.
The advantage of trend trading is that I don't have to stare at the computer all the time. I'll go back to day trading but I'm on vacation.
Taigen Profit This Month:
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