Indeed good work MistyRains!
I went long, myself at .819 this morning, based on MACD 5 min divergence, a high expectation of OKAY gdp figures, and an observation based on that analysis work I did on the weekend, that the initial reaction after an RBA decision seems to follow on to the next.
I am looking for a profit target of around .85, as per the analysis again, and as per discussions with Phil and LesPaul on another thread.
I currently have taken off small profits to satisfy the money monkey, and have a slightly better than break even stop on the rest of the position at .82.
Hopefully i can let the pos ride for a day or two, but I am a nervous beast at best, with a few memories of pain trying to battle pair volatility in the past on FOREX.
Big ups to you all.
;)
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- well i have just taken a position again....
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Indeed good work MistyRains!I went long, myself at .819 this...
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