Anyone notice this massive resistance this week at previous weeks closing price? Pretty amazing, but, unfortunately I was at my day job during this time 09:27 Wednesday morning. Probably everyone was shorting for the pull back in the mid of the week, could have shorted all the way down to Weekly Pivot.
But remember just because it hit this weeks PP doesn't mean it will again, so exit in multiple places to take some profit!
A good idea would be to set realistic targets, and then set unrealistic targets for days like Friday so that you capture most of what is out there and don't exit all at once and realizing that you could have sold just a half of your amount and let the rest ride!
ps, Im new here...
http://img505.imageshack.us/img505/1...rtofeurusd.gif
But remember just because it hit this weeks PP doesn't mean it will again, so exit in multiple places to take some profit!
A good idea would be to set realistic targets, and then set unrealistic targets for days like Friday so that you capture most of what is out there and don't exit all at once and realizing that you could have sold just a half of your amount and let the rest ride!
ps, Im new here...
http://img505.imageshack.us/img505/1...rtofeurusd.gif
ok Friendo?
This is madness!?!? - THIS, IS, FOREX!!!