Friday, June 19, 2009

Possible interesting development

As some of you know, we have opened up a separate account for Trader Outlook trades. I want to compare how his intermediate trades work (which have been great so far) so the only trades that will be made there will be the ones his traders make.

The other trades that I make are in different accounts because I am allowing for a much wider use of other techniques...

Our most recent intraday high on the S+P was 956.21 reached on June 11th.

At one point we had a 38% retracement from the subsequent low of 903.76. But if we close here,
we could be in trouble... However, we also have a trade recommendation from Trader Outlook to go long GBP/USD if we get a close above 1.6493 on the 4H, which is contrary to my analysis.

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