Next Target for EUR/USD?

Yes i imagine longer term is the way to go eventualy, sitting in front of a PC for hours is not my idea of fun.
Is the longer term working well for you?
Happy trading to you too

 

EUR/USD is a good shorting candidate at 4200

 

Yes baron, it's working out well. Same principles as shorter term, just a little more time to think! I'm still in front of the computer all day but on other things. I like different timeframes for different securities at this point, keeps things smoothed out as far as the equity curve, attention span, etc.

Thanks,

Mark

 

Covered @ 4155 and am now long again

 

lol thats awesome! good trade!!!

 

could we see another shorting opportunity, because of divergence?

*attached chart

 

Nice call here. Personal was 1.44

 

That's why you have to be careful using indicators.

 

Very nice trade.

Curious, what was your basis for how quickly the EUR/USD would move....(you mentioned friday). I'm not all that interested in the target, but your assumption it would move by the end of the week was spot on.

Are you using cycles at all or was it just an assumption?

 

Huh? It went down just like I said.
I went short and got a pretty good trade out of it.

Shorted at 1.4212 and covered at 1.4126