Thursday, January 03, 2008

HAPPY NEW YEAR....!!

Hello guys, it's been two weeks since my last update, I'm glad to be back. Well, the holidays are over and the new year has arrived. My new year's resolution for 2008 is to make 2008 the best year ever. I resolve to be a better person, to be a better listener, stop cursing at people, things like that. I'm struggling to drop my bad habit, drinking coffee in the wee hours of the morning, in light of the new year.

Talking about forex, I think, I have found what I was looking for. For me there's no such thing like holy grail, puhleeeaasseee... market is a dynamic one, not something like cheese to get processed and ready to eat. My view on this is very simple, I do not need to complicate myself in order to understand the market, what I see is what I get. It's inherent value is worth repeating - the market is repeating itself - rise again - down again..

I managed to trade only once last week, sell at the top of the two hills. A very profitable one, I might say. EJ is in extreme oversold territory, a meaningful retracement might be on its way.
Pivot of the Day = 162.19
Currently = Buy order at 161.26, added another one long post at 159.87.
S1, Midpoint = 160.33, 159.71
R1, Midpoint = 162.81, 163.42

No comments: