time1300:
You got in 1 pip before I did...
I'm long at 100.81. I took out 20 on one lot and just holding one more. The 4hr is having trouble closing under the 8 so when this candle closed above it (it looked like a bounce to me) so that was the trigger. What concerns me now is that there are a fewe bank announcements on the way. Using the high an low from 8/18 and 1/22 for the Fibs, we're right below the 61.8 #. A break and close above this could take us to 102.40, then around 103.00 using some previous highs, the news tonight might start this move or just take out my stop....we'll see.
Welshguy: Sorry that we couldn't hook up.
http://www.fxtradeblog.com
You got in 1 pip before I did...
I'm long at 100.81. I took out 20 on one lot and just holding one more. The 4hr is having trouble closing under the 8 so when this candle closed above it (it looked like a bounce to me) so that was the trigger. What concerns me now is that there are a fewe bank announcements on the way. Using the high an low from 8/18 and 1/22 for the Fibs, we're right below the 61.8 #. A break and close above this could take us to 102.40, then around 103.00 using some previous highs, the news tonight might start this move or just take out my stop....we'll see.
Welshguy: Sorry that we couldn't hook up.
http://www.fxtradeblog.com
Attached Image