Friday, September 16, 2005

closed euro




















Closed out at 1.2268 - divergence and oversold on the 5 minute, time to get out.

+16

Going to sit out till the US session or a signal for a long now.

edit - typical I got out when there was another 20 pips in the trade (as I sit here now), the target was the pivot 1.2235 and the hourly uptrend line at least 1.2242.

edit 2 - Price hit 1.2200, with a stall at 1.2235 - listening to my own analysis rather than emotional responses to corrections has been proven to be a lot more profitable over time.

// posted by Magpie @ 9:06 pm
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