The position was stopped out a few minutes ago so the first traded made 28 pips. I'm thinking there may be a an up day or two ahead because of the several down days in a row. I'll watch the histogram for the next trade.
Trade #1: Sold at 1.9644 on 1/25/2007. Stopped out at 1.9616 for +28 pips on 1/30/2007. FXDD 'time'.
I'm trying to figure out how far to go back to plot Fib retracement numbers; using the high on 01/23. There's a low in Feb 2006 and another low on Nov 2005. I'd like to be a little more recent than that so....any thoughts?
Trade #1: Sold at 1.9644 on 1/25/2007. Stopped out at 1.9616 for +28 pips on 1/30/2007. FXDD 'time'.
I'm trying to figure out how far to go back to plot Fib retracement numbers; using the high on 01/23. There's a low in Feb 2006 and another low on Nov 2005. I'd like to be a little more recent than that so....any thoughts?