Trailing Stop hit at 1.4792 after ADP - gain of 51 pips.
Will watch wave develop 1.4770 and 1.4755 key levels on downside if this is still Look Laine rather than Banga set.
Will look for after Fed other than quick scalps - expect just position squaring action until then.
Euro Breaks Triangle Following KnovaWave Parandus Spit
Knovamind LiveFx says "Euro finally fulfilled the initial target from Parandus long off 1.4741 to the flat top triangle break. After option barriers were triggered in the push above the figure with fund stops run to help fuel the rally to...
Euro Holds KnovaWave Parandus Spit Into Asia
Towards the end of a lacklustre day the Euro closed out around 1.4773. Knovamind LiveFX closed out 50% of the Parandus long off 1.4741 (at the 1.4739 Parandus) at 1.4775 at days end for a gain of 34 pips. Euro trades 1.4775/76. Trailing stop raised...
Euro Completes KnovaWave Parandus Spit At 1.4738
Euro continues to come off the 1.4800 zone, which is the extended 78.6% fib of 1.4920/1.4367. Pattern wise a flat topped triangle is developing with dip buying off KnovaWave Parandus setups.
Potential breakout buy beyond the 1.4800 flat top...
What happened today?
A summary of Wednesday - October 13, 2004
5 Minutes
60 Minutes
Pivot Points For Tomorrow
Elliott Wave For Tomorrow
Today was a classic 1-2 set up—gapped up and filled yesterday’s gap before impulse took hold to new lows—the market
place is...