Hello Dave,
Thanks for sharing your analysis on your trade, well explained and well executed. The bigger picture overall view is indeed important. I pointed out to Cindy last night in the Trading Room that the 50% retracement of Eur/Jpy on the Weekly Chart{ July/07 high to Aug./07 low was at 159.11 and sure enough it hit 159.12 then fell like a rock. So you're absolutely right about knowing the important areas of Resistance and Support along with patterns like Double tops and bottoms as you mentioned
Again, very well done Dave with great observations and thanks so much for sharing with us.....T-Wolf
Thanks for sharing your analysis on your trade, well explained and well executed. The bigger picture overall view is indeed important. I pointed out to Cindy last night in the Trading Room that the 50% retracement of Eur/Jpy on the Weekly Chart{ July/07 high to Aug./07 low was at 159.11 and sure enough it hit 159.12 then fell like a rock. So you're absolutely right about knowing the important areas of Resistance and Support along with patterns like Double tops and bottoms as you mentioned
Again, very well done Dave with great observations and thanks so much for sharing with us.....T-Wolf