Friday, August 14, 2009

That was quick!

I just placed a Buy Limit to go long on the same USD/Yen pair @94.12. This looks like an excellent trade because of Fibonacci support...Still trying to confirm...but I think I'll take this if it happens. Given the support here, I'll give myself a tight stop. This just looks like a retracement waiting to happen...

Dow down 129 while the USD/Yen travels toward my limit (hopefully.)

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