Well today was interesting. I noticed a strong downward trend on EUR/USD. And I do mean strong. It started around 9 am 11/11/08 and continued throughout the day. I got home this afternoon and took a look at my charts. I saw that a retraction was starting to happen. However, my charts still showed downward movement on the FC1 indicator. I saw rejection of the low and a spike up afterwards. Once it hit the top and started proceeding on a downward price movement, I switched my charts back to an minute time frame and saw that the indicators showed an overbought position and were headed straight down.
So I bought in dumped it ten minutes later for a decent profit. Im not looking to make massive pips yet, just enough to reach my goals
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment