That 20ema can be a tough nut to crack in a strong downtrend. Dont know whether it will hold or not but you can depend on strong resistence in that area. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1073398">
YM shorts performing nicely as expected. stepping into the currency market with short @ 1.2880 in eur/usd. best, surfer
MACD Histogram Bearish divergence a couple of hours ago on Euro fx. Good luck with the trade. I shorted the Aussie as well as it had a bit stronger looking divergence.
thanks, buy! we are BACCCCK ! in profits for year here, after substantial drawdown earlier. holding positions. large YM short ( still fully in from averaging earlier) and medium size eur/usd short. surfer
stops in eur/usd short @ 1.2807, held internally. our synthetic volume alert is flat in eur/usd. holding YM short surf
We got a little help from that number. I am getting out here however. Dont like the way it is acting. Good luck. edit: thats what I get for being such a chicken.