In case anybody is following along or trying to understand this notion here is an update....
Things worked out really well today, not necessarily so blessed of course.
You would have been short at 4829, the very first target 4780 was struck and price discounted. In case you took profit, you ought to have been short again under 4780. You would continue to maintain short with another target at 4572. Price is at 4669. Up around 160 pips.Quote:
Originally Posted by ;
Considering that 4780 has traded, it's considered solved and will be eliminated after the close today
You would be short at 9731, continuing to maintain short for 9632. Currently up 56 points.Quote:
Originally Posted by ;
You would have been short at 106.69. After price transferred through 106.73, you ought to have reversed and targeted 107.24. Price is currently at 107.43. Based upon your losses round the change area, you ought to be up around 50 points or more. If price goes back below 107.24, I'd cover the transaction and wait.Quote:
Originally Posted by ;
Considering that 107.24 has traded, this will probably be taken out at the end of trading today in North America.
You would have been short the franc at 1.0878, after price moved over 1.0890 you could have reversed at this level. The next target level at 1.0986 has traded thru and we're currently at 1.1018. You would be up about 100 points or more.Quote:
Originally Posted by ;
Since 1.0890 and 1.0986 happen to be traded, they'll be taken out at the end of the NA session.