DislikedDone as suggested at 1.3504. Started a reversal on another Acc. section with long pos. (150 kilo) at figure. Further pos. are waiting to be filled at 1.3492 - 1.3488 and at 1.3480 - 1.3460.
As I expect a rebound towards daily equilib later then.
EUR/USD:
Last week's bearish engulfing and bearish outside week sets the tone as the break below 1.3530 puts the Mar. 2 recovery low at 1.3433 under pressure. Failure to keep this low intact would prompt fresh 2010 lows towards 1.3385, and create scope for 1.3000 on a longer-term basis....Ignored
Okay - just as mentioned - I started with short pos. on Sunday at opening level 1.3545 and traveled this towards 1.3504. Then I reversed there and added further pos. when market dropped towards 1.3463. Break Even was below 1.3472 on behalf of that trading method.
Overall I am more than content with that - as the market saw an impulse wave to the upside towards above EQUILIB - which was at around 1.3553 and it reached almost 1.3569 - just as expected.
I closed my pos. at various levels between 1.3551 and 1.3664 with semi auto order triggers. Now I am flat and working on my project (testing my beloved auto strategy trading machine system) in order to optimize its DAILY PIP RESULTS - as it allows to be engaged on more than 30 MARKET INSTRUMENTS (all over the market) at the same time.
No boring and stupid chart watching is needed therfore anymore. No common known chart patterns - TRIANGLES - H&S - WEDGES - TREND CHANNELS - SAUCERS - or other missleading "TREND FOLLOWERS ONLY" things - no pure FIBO or ELLIOTT or PIVOTS "only" approach.
As it detects the markets behaviour and its rythm on 'top secret' SOTA methods.
In other words - it will never be available in INTERNET via WEB - never - neither here nor at anyplace else!
Now I just only post an estimation of Francis Bray from DJ here:
Intraday outlook
EUR/USD:
Stages a recovery off Monday's bull hammer low at 1.3463 to defend the 2010 low at 1.3433, and is looking to retrace the decline off last week's 1.3819 high. However, gains are likely to be capped beneath the 1.3630/1.3641 resistance area, incorporating 50% retracement. Loss of 1.3463 would put near-term bears back in control, and leave the 1.3433 low vulnerable.
Weekly chart EUR/USD trend: Bearish.
March 23, 2010 03:48 ET (07:48 GMT)
Attached File(s)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
