As promised here a screen grab of my days euro trade.
It's a simple little mechanical strategy that I've been using for around 12 months now. With being away from the screen for large parts of the day due to my day job, this gives me some flexibility on my trades at the moment.
Holding on to the last part of this short trade with a view to a longer target based off daily fibs from some longer term lows to highs. Today's move has taken us below the 61% fib from Jan's low to May high. I would love to see the 50% fib from June '10 low to May high at 1.34 as a target. Just have to wait and see how it moves.
It's a simple little mechanical strategy that I've been using for around 12 months now. With being away from the screen for large parts of the day due to my day job, this gives me some flexibility on my trades at the moment.
Holding on to the last part of this short trade with a view to a longer target based off daily fibs from some longer term lows to highs. Today's move has taken us below the 61% fib from Jan's low to May high. I would love to see the 50% fib from June '10 low to May high at 1.34 as a target. Just have to wait and see how it moves.