For the record, Level 4 calculations are showing, if it hits 1.02 then start slapping some kegs for the downwards drip.
Once that drip..drip...gets closer to 0.98...expect a drip..drip...BANG towards 0.8900
On a daily basis, continue dripping it on the second leg up, which usually follows the first leg instantly.
Market never does what you expect it to do, hence, caution is required. But technically, what takes
several months to build UPWARDS, only takes DAYS to correct DOWNWARDS
4th May 2010 = 0.9272 - 20th May 2010 = 0.8071 = DOWN 1200 pips in 16 days!
I suppose once it starts correcting...it'll catch us all by surprise, hence only some of us will be in the money :-(
Hope this helps
Sanks
Ely McShagger.............he who always laughs last
Once that drip..drip...gets closer to 0.98...expect a drip..drip...BANG towards 0.8900
On a daily basis, continue dripping it on the second leg up, which usually follows the first leg instantly.
Market never does what you expect it to do, hence, caution is required. But technically, what takes
several months to build UPWARDS, only takes DAYS to correct DOWNWARDS
4th May 2010 = 0.9272 - 20th May 2010 = 0.8071 = DOWN 1200 pips in 16 days!
I suppose once it starts correcting...it'll catch us all by surprise, hence only some of us will be in the money :-(
Hope this helps
Sanks
Ely McShagger.............he who always laughs last