Dislikedhigh was 1.29965... that is the most important. 3.5 points away from BRN is near perfect.
todays low, 1.2812. Missed round number 1.28 by 12 points (where I was going to move stop to B/E.
missed the technical FTA by about ~41 pips.
...Ignored
personally, i think
-current trend is up. huge BUB on weekly; triple bottom on Daily. we could naturally expect this weekly BUB to have a retracement(price cant move in 1 direction too much too soon)
-price didnt breach nor even touch the 1.30 BRN.
-price is a bit choppy, immediately to the left of the daily PB.
-daily PB is relatively small. what i call as a 'possible pause PA'. essentialy, this PB created the retracement the weekly BUB 'needed'. i think it's a nice trade but needs babysitting (personally i check & babysit on lower TFs) given its circumstance (countertrend trade, choppy environment).
-if price doesnt reach an 'obvious' FTA, often this means to me that the market has something else in mind.
- most likely bound for 1.33 - 1.40. 1.30/1.31 - 1.33 would be my initial area to watch.
again, many thanks for sharing Sir.
i learned & confirmed a few thoughts.
DislikedI actually have WHC, and I see the listing for Currencies, but all the symbols are weird, like...Ignored
for your reference
http://www.brocompany.com/trading-pl...fd-on-futures/ (on the first list, "CFD futures for currency", u will see $ index is 'DXH1 & DXM1'; DX denotes $ index, H denotes March expiration of contract, '1' denotes 2011; 'M' denotes June2011 expiration.... please correct e if i wrong)