Salut
Where's a target for this correction wave in your opinion? I was thinking a lot about this situation and unfortunately missed the 1.34x:-( dunno if it's worthy to sell at 1.317 level.
in my opinion the sell off should end at 1.28-9 according to next week fed decision for instance.
i'm keen on your opinion.
regards,
bast3k
it's 23/12/2004 - just few days after our little conversation.
if u don't mind answer me please how to avoid panic at 1.35 just crossed level?
geez, it's impossible 4 me...
Im rather suprised there wasn't much resistance when it did break 1.35. I was at my desk trading when it broke and I really did expect more resistance when it hit 1.35 but it broke right through it. So much for the Europeans saying they would intervene if it broke through the barrier. Perhaps they will wait till after the holidays to do something. Anyhow, if you can take the heat I have also been wanting to sell as of late. Made good money shorting the Euro FX everytime it seemed to stall above 1.35 on that day.
I was wrong..Eu hit a new record, i had thought that the 2nd correction wave had to be much longer to the down side(1.29)!! But we began 5.3 (the upside movement).
But, we all have to have stop loss points..(see the picture below) i lost money, but we are waiting niw the end of this movement
Good luck