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Current results: -85 pips/-£127.5 @ £1.50 per pip +355 pips/+£1,065 @ £3 per pip

Closed @ 1.4050 +355pips +£1,065

Nice one! I am trailing a short at the moment, I see 1.4 as breather zone <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2706866>

No stop or no defined stop?

LC, Monthly EUro can be viewed as a forming H&S, neckline long way below though

Re Will it continue down? I also see 1.4 as a rather obvious 1st target, I reckon it will slow down around there <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2705893>

:) <img src=http://www.georgetownleague.info/images/angry_arab.jpg>

Mark, TY for replying, interesting information there. Do you not think current weekly hammer (candle) has signs of continuation considering the fact that it was formed during the ECB conference week & also the Daily price action was a classic bear flag? TY!

Current position entered trailing stage, either current Daily bar's Hi is challenged or a bull hammer, at that point position will be reversed with minimum size of £1 per pip.

Wrong dates on graph, should be 1 July 09 - 17 January 2010

6 Composite/week 2/2010 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2703172>

but it's just paper afterall, if economy is to slip, so should USD too, temporary rise whilst stocks tumble I dig but longer term

ok, but how accurate is chart's predictability when it comes to extreme economical conditions? S&P at 200 is pretty bad for the US, so do you really expect USD to be a strong currency even though you see it in charts?

Strong USD, weak market and lots of debt? Why strong USD?

Wave, what about EUR?

Any thoughts on EUR weekly close? Certainly looks like a bearish continuation candle. http://www.dormantrading.com/TraderTools/Quotes.htm?option=com_content&task=view&id=82&Itemid=71&page=ccharts&option=com_content&task=view&id=82&Itemid=71&sym=E6H0&type=CANDLE&data=W

-£127.5 Short 1.4405 £3 per pip Position will be reversed x2 size @ 1.4590

Don't get chopped up, lunch

that is the fate of any active daytrader, happens.

My prediction (fantasy): USD up EUR + Crude down=good lesson to Arabs that wish to trade in EUR :D