Sorry I havnt posted in a while. I've been in Atlanta for job training because im having such a hard time making it as a trader...so i havnt been home in a few weeks to post trades. When I get home I will give an update.
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/u1QLBBdM_mY&hl=en&fs=1&color1=0x006699&color2=0x54abd6"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/u1QLBBdM_mY&hl=en&fs=1&color1=0x006699&color2=0x54abd6" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
the 1hr for usd/jpy ... Price penetrated but closed right on the 3rd support fib level, then had a nice bounce of about 50%, but price was unable to close at the highs. It tried again (last green bar on right) this is where I took my long...while still a counter trade, I thought that the long term support from the 1hr could push UJ to test recent highs. No such luck, and once again UJ pushes sharply lower.