Trading EUR/USD Daily Hi & Lo

TY A!

1st trade of 2011/2012 will be Gold spot either way bet (as always).

1,393 - 1,354.9 starting with £15 per $1 move.

 

Here is the Weekly chart. Levels taken from last week's inverse hammer p/a. TA101 a cool multi-divergence in both RSI & MACD, price has been locked within some sort of a wedge/ascending tri/rounding top type formation. Who will win, technicals or will Dollar weaken further and catapult Gold higher?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3063088>

 

Now Short 1,354.7 @ £15 per $1

Reverse order 1,393 @ £30 per $1

 

dollar won't weaken much, where do you put your cash,as an alternative

 

Average forecast from 5 big banks

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3066337>

 

how long did you hold that position, and what was your observed drawdown?, or profit potential?

observed, means you saw that price print or cross your screen, not whatever the maximum drawdown or profit that occurred during your holding period.

 

If you look at the chart from 15 Jan 10 - 21 Jan 10 you will see the answer.

 

Chicken dinner...?

NiN

 

I want this bull's asshole for tea on this one

 

-38.3 (-£574)

Now Long 1,393 @£30 per $1

Reverse order 1354.7 @ £60 per $1

Sorry for delay, but it reverse order was posted way back