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Wednesday, September 23, 2009

#16




#16 Yellow priced stalled got a confirmation a divergence was forming so the EU should be going down, jumped in LATE at 1.4730 went a couple of pips against me then spiked down and took 2 pips. If it keeps moving up i would look to short around 52/55 area lots of support there.


CCI 21 running at the bottom of my chart is there to help give me an entries & exit when a move because ob/os, in this case the price moved down the cci hit the -220 green line/white dot in the indicator graph and gave me the exit. Again this works in a slower market like asia.

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