Magpie Trader
Tuesday, October 11, 2005
11/10/05 continued
Long euro at 1.2024 - divergence and tweezers at a pivot, small SL at 1.2006 as it could go pear shaped rapidly. TP is either the pivot or the 1.2050 area.
closed at 1.2038
+14
Long USDCAD at 1.1780 SL 1.1760. 1st TP 1.1835, 2nd TP 1.1950, this could turn out to be a nice retrace to the 1.2000 area. 2nd major divergence on the weekly and monthly chart since Dec 2003, it's the start of the month and the first week was positive, so statistically speaking this month has a good chance ending higher. It could be the bottom even - ok... I'm calling a bottom then ;o)
closed at 1.2038
+14
Long USDCAD at 1.1780 SL 1.1760. 1st TP 1.1835, 2nd TP 1.1950, this could turn out to be a nice retrace to the 1.2000 area. 2nd major divergence on the weekly and monthly chart since Dec 2003, it's the start of the month and the first week was positive, so statistically speaking this month has a good chance ending higher. It could be the bottom even - ok... I'm calling a bottom then ;o)
// posted by Magpie @ 9:19 pm 
