DislikedJust under 3730. I had decided I was going to sell the first good penetration and rejection over 37, and give it enough room to withstand the usual bu11sh@t shenanigans, but not all the way to 40. I really didn't figure on this on one, but it ain't over yet.
If I had been smart enough to figure out Ben would likely have to do it, I would have waited and then sold the announcement.Ignored
For what it's worth, my TA view is that the odds are strongly in favor of your position.
We are a inches away to mark a reversal in the monthly/quarterly charts (levels, reversal, etc are rock solid when confirmed in those charts). However is not confirmed yet and from a strictly chartwise point of view the area around the high of the nov 2010 monthly bar is marginally open till this month/quarter close but for that we will need a major externality in the next few days.
IMO the best way to deal with panic/mania initial moves (for a swing/position trade) like the one we had last week is wait for all purely fast speculative hands to be cleaned.
Last week knee jerk reaction is almost 100% recovered (like any knee jerk reaction) in the next few days we'll start the real move IMO ....GL managing that position. I may join you on my second position trade on the euro this year very soon.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
