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up!!!!

hi mmccormac, i agree with u 100%, but why dont we give it a shot bcoz technically we have a valid point . Actually, the position was activated last friday, so there is no way out :D .

and something more to add insult to injury, there is a gap down which took place on 25th of jan (0.6978) same area of fibo 61.8 (0.6968) and downtrend (0.6973) .. technically this trade is analysts dream .. i will rise my stop (0.6990+spread) and targeting 40-60 pips :cool:

this pair is some how influenced by oil prices, and yes it is profitable :) reasonable spread is from 4 to 5

sorry the previous chart was a DAILY CHART , and when we have a closer look for the 4 hours chart , we see that there is a GAP-UP around 0.6718 area and an old GAP- DOWN around the same area(9-01-2007). so that means that the old gap-down is covered now and the new gap-up will take the price...

eur- gbp broke an eight months old downtrend which should help it to go beyond 0.6800 :) with divergence on macd an stochastic indicator, i am going to buy from 0.6710 and stop @ 0.6680 and 50 to 70 pips target is enough ..:cool: ..

NZD-USD is under pressure by fibo 61.8 and one month old downtrend .. entering short from 0.6960 with a tight stop and a 60 pips target is a good idea for short-term traders like me :D . :cool:

sorry !!

here is the chart :confused:

it seems that eur-usd has completed wave A or W, and now it is going for WAVE B or X . i reversed My position to Buy from 1.3060 and targeting 1.3280 with stop loss below 1.3020. i will post the charts later :)

hey Ppl, i am Going short on eur-usd 1.3020 stop 1.3060 tp 1.2750. :cool: