Thanks for the update... still a little below the support of this morning, hopefully the 8 will hold and you can keep walking up your stop with new support...
DislikedWell, ya know what. I had a change of heart here...Since the EU is having trouble closing below the 8, I'll put the SL below that and keep trying to milk this thing for every penny I can. I know I originally said that I was going to let the method take me out but I'm thinking that a close below the 8 will at least give a move back down to the 21 for a TC. I currently have the SL at 5060, several pips below the 8. There are a few interesting things here. Using the low on 2/7/08 and the high on 2/1/08 (correct me if I drew the Fib wrong) has the 161 retrace level about 30 pips above the current price. That's AT the 161 level in my eyes see chart. What happens from here...I keep thinking retrace but, whatever. Now the weekly chart, yes weekly. Pending a retrace, the weekly has just broken out of it's own range so according to this chart, this move is far from over. Because this run is moving like it is, it might not hurt to check the daily chart every once in a while just to keep the bigger picture in mind.
I know I said I was going to add more 1 hour examples to the site, still working on that. It's just that for every new page added, a new link(s) has to be added to every single page and reloaded on to the server. I just noticed last night that I spelled recycle wrong in some of the links so you were being directed to an 'oops sorry' page. So, oops sorry about that. I'm bringing work home with me for the next several weeks so that has the majority of my attention right now...Ignored