Steve. Please don't stop posting. I for one learn as much from witty self-analytical posts like yours as from any others. I have been lurking around Bo's site for a long time and have read every post and yours rank right up there with the best.
Mike
Unless I am in a bad mood, in which case the carpets shake with fear.
The white arrow shows what I was hoping for earlier today. 'Sell the rallies in a downtrend' says Bo, so I was just waiting for a candle to open below the Intraday Short.
I didn't take the trade because I knew I was going to be out for much of the day. I wish I had now, but I only returned to this thread late last week and I am not in a hurry to trade; occasional forays whilst reading and absorbing will do for now.
It seems to me that it does not matter whether I consider the fall from the high of October 2007 as a retrace in a long, long-term uptrend, or a downtrend in its own right. I could even pull a fib from the latest Daily high to now, and call that a downtrend.
I could even call my fib George, if I wanted to; it is measuring exactly the same thing and showing the same potential s\r hotspots.
I can say this for sure. Had I taken the trade, I would now have a sl set at about +50, and a tp at 1.9090 because I have an Uptrend Pivot showing at 1.9075 and I would not be anticipating anything other than lethally strong support at that level. You cannot see it in the picture, but it is there.
And I would be cheering all those pips. For now, I am not lamenting the lost opportunity. I am cheering that I spotted it in the first place.
until last week after what happened with dollar that 
