Quote from Tsing Tao:
Significant trendline at 1.3350, if it makes it there. That's where I'll short.
I'm thinking of starting my short entry scale around 1.32 with final entry also around 1.3330 if it reaches, providing conditions warrant further entries (I also have a long entry plan around 29). It's all up to Ben (and the patterns he or other factors create). I won't take the shorts if Ben further retraces his taper comments, nor will I take them if they hit today.
I had thought about taking a short term scalp when 32 was tested after Ben's backpedal, and I could have made 200 pips on the pullback, but the move up was so intense, I chickened out.
Isn't it funny how all the great trades are the ones we don't take?
