Hello everyone !! its been years since I posted anything on this thread (~2008). I had to take care of other business and started from scratch a new trading approach, so I just wanted to share with you my chart and point of view for this pair in a short term (namely 1H). I stop trading news, fundamentals, levels, figures, etc. and stop assuming that I knew what was happening (yep, everyone develops their own trading style..). So the new approach I came with is based on Dow Theory and consists in retrieving the implicit dynamics of a specific pair and timeframe to a neural network which classifies the current trend. I have a feeling that we will see a short reversal after the huge jump we had today, but my indicators are still saying uptrend (again stop assuming).. I will be aware of it and share an update until I see a new signal. Good luck !!
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If you are new to Forex? Say Goodbye to your account!!
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So sorry for always replying late! But I got 2 Jobs!!
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those who can, do. those who cant, talk about those who can
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A good trader follows his rules, but great trader knows when to break them
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ignore wackos and psychos, including myself. But I can't add myself to iggy
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Not on the rug!