Amazing revalation...I think.

This log is to help keep me honest....

This is in no way a trade recommendation. I do not recommend anyone take this trade with real money.


EUR/USD: Not sure it'll get this high, but if it does:
- Sell at 1.2947
- Stop at 1.2957

Once the market goes about 20 pips, move stop to break-even. Expected profit ~ 400 pips, 2 to 4 weeks.

How you feeling about now? Good call there, looks like you're sitting about +300 right now. My system was calling sell last week too and it looks like we will have another down day Monday.

Good luck, I hope we're both right!

andersenws

Next long-term target is 1.2526ish. I'll firm up the exact target as more time passes. I'm expecting that low sometime around the end of September / beginning October.

Okay, my calculations produce 1.2525, twice, and 1.2526 once. I think 25 is the better entry.

Now the summer slump is ending, this bottom could come in before the end of the month. Mkt. may drop and then channel between 2650 and 2550 for a week or two so, therefore I'll watch this very closely and update as req'd.

Alright ladies and gentlemen...the time has finally arrived (I think). I believe the eur/usd will hit 1.2526 which is where I will buy.

I am not too concerned about the amount of time it has taken. I believe it will be a good trade. However, since nobody knows what the market will do, I will move to stop to b/e after I am up around 20 pips or so...should happen either today or early next week.

Alright...well, I'm sure the hundreds of thousands of people reading this are shocked and amazed!!!

I bought at 526 and have moved my stop...couldn't hold out for 545 - too nervous. As of this moment, I will consider this a success, even if the market reverses and kicks me out at break-even.

Should I be stopped out, I will move to Plan B and determine where to re-enter for a buy. As of right now, I don't have a second expected downside target. I need more data to develop - but I hope I don't get it!!!

In case you're wondering...I think I do have an upside target. Initial data is suggesting 2740 - 2760. Of course, over time I will tighten this up and get a more precise figure. Another possibility is (now stay w/ me....) 3020 -3050. As of yet, I do not have the time this will happen, but it should take approximately 4 to 6 weeks. Again, more precise as time continues and more data is gathered.

Well, on to Plan B. Entered the market 1 pip above low, moved in my direction "about" 20 pips, moved stop to b/e, got kicked out.

I'm not sure why the market didn't turn around here (although I suspect I know). The next potential turning point should happen sometime within 1 or 2 weeks (I think it will happen sooner than later).

I will update this as more date becomes available through the end of the month.

Still anticipating 1.2450 by 10/27/06.

nice..I bought 5 lots at at 12488......