EUR/USD: Down Leg (May 3, 2009) 9:13PM

Did you follow what I did on this thread?

 

EUR/USD still falling. I am still holding my 1.3434 entry. Did some other trades. sian session is about to start. What do you think asian session traders will do. Those guys are real trend followers.

 

Here's a screen shot from my 1 hour chart:

 

Will 3300 hold as support or become new resistance?

 

Whenever it sticks its head above 1.3400, I check it, time when to sell it, and sell it. Have been doing well with it. Most likely path is down, after the down and up lines are close to each other.

 

8:58AM (Friday May 08): I am shorting it at 1.3500. This is against the current within day trend. I am scaling, and do not have time to watch it. Better trading would have been to wait for it to reverse, and then go in.

 

covered at 1.3465

 

11:09AM (Friday May 08): shorting starting at 1.3505

 

It made a lower high at around 1100. Seems to wanna head lower.