Quick up date.
You will see now the market has risen to circ 1.9816. If you look to the left now, you will see how the market has return to a previous congestion area as identified by the TFT tool. Place the mid line of this tool on the 1.9816 price to understand what I am saying here.
Observer the outcome of the move from this congestion and you should be able to pick up a decent trade.
My son has just sold the market at 1.9816. He views this low risk because he has a tight stop and any loss at this time is acceptable to him.
May 28th, 2008 at 6:27 am
Quick up date.
You will see now the market has risen to circ 1.9816. If you look to the left now, you will see how the market has return to a previous congestion area as identified by the TFT tool. Place the mid line of this tool on the 1.9816 price to understand what I am saying here.
Observer the outcome of the move from this congestion and you should be able to pick up a decent trade.
My son has just sold the market at 1.9816. He views this low risk because he has a tight stop and any loss at this time is acceptable to him.
May 28th, 2008 at 7:03 am
The short trade closed for a -6 pips. Not a trade for me, but then my youngest son has a different style to me.