Friday, May 1, 2009

Trade Epitaph

Below is the chart of the Euro/USD. Both my second and third shorts were covered at a profit. The main trading account is still up 66 1/2% since January. I still hold the original short described in the last post...but that will recover, because equities should correct...

The scary article from yesterday discusses the Euro/US, and predicts major new lows in it (after a big rise from here first)...one has only to look at the 1.25 level as huge.

By the way, notice how the pair bounced off 61.8 retracement (from its April 30 high) a couple of times: (Clicking on the chart gives you a clearer view.)

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