Monday, April 6, 2009

Swing Trading Part 2

Swing trading only works when there is fear or greed. Yesterday, I very much wanted to go long on the Euro/Yen, but I couldn't, because my limit was at 132, and we never hit that unfortunately. We had a nice rise (which is now coming down again along with most of the Euro's.)

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We are getting close to 50% retracement on the Euro/US Fib chart I drew earlier. I have been successful with my added shorts, and the existing ones are obviously getting closer to 'sellable' at smaller losses (if I choose that route.)

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