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Good oppurtunity for short here I think. A failed test of 244x. Got some offers lined up around 243x onwards. Although if I see a top forming I'll jump even at lower prices.
Too late to get in for long though so that play is out.
I am at a loss on this one...price shouldn't be this high and yet it is....case in point I am wrong and market is right...
I am short at 2470...Will exit trade profit or loss before the minutes are released tomorrow though....My overall view is still to the downside....
I know this probably should be in another topic...but what forex brokers are you guys using....I have been looking at fxcm for the micro account....not totally sure I trust them though...I will be using ninjatrader...I am hoping and praying that their backtesting capabilities will be seriously improved in NT 8...My primary trading focus is the euro....til it breaks apart....or not
I am short earlier today from 2466 avg. Market is bullish, but we are at top of channel. I'm looking for 2418. From there am more interested in long side.
Lots of ways to look at this but if yesterday set a channel from 2431-2485 then this morning tested that full range. If the 1st strong move was impulsive then it was corrective down to the channel midpoint of 2457 range and we go up from here to 2532-61 area. :0
Not what I think most on here believe but... just another magic eight ball point of view.
For my scenario to hold the 2457 mid range level would need to hold...
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
Yesterday looks so "easy" in hindsight (though my "Perry" charts weren't so obvious as the dips into the SlingShot MA band would have caused concern; this is my "Jeff's TSI" MultiCharts workspace).