Recent content by pflantzdog27

I've plotted a Fibo retracement on my chart from the high of 110.65 (August 10th 2008) to the low of 87.12 (December 14th, 2008) . Yesterday price action broke the 23.6 level, only to come back up above this level. Now that the 23.6 level (92.50) has shown some support, should I look for the...

I'm at a loss. What just happened that caused the JPY to strengthen about 150 pips in 30 minutes. Was there a release that I missed? :-0

Anything wrong with my logic? I have been trading with a demo account nearly 5 months. I was pink when I got in, feel a bit more comfortable now. This is my take on the current market: On April 21st, the US released data showing that the economy had contracted at -6.1 % q/q. This was the same...