Daily Forex technical analysis for the major pairs Based On The Elliott Waves Principle Combined with Various Technical Indicators And Fundamentals
Monday, May 24, 2010
Trades Follow up
Good morning traders , nothing better than waking up on good profits ,, we r on 200 pips or more in the 2 trades we went in yesterday ,,, the s&p 500 fell short from my targeted position so i had to take the shorts early and it was RIGHT FROM THE TOP ,i m expecting a down swing in the s&p 500 today which will support or short position through all the day , i m looking to take first profits on the test of the yearly lows on both trades ,
secondery target will be set accordingly , i see 80-81 in CAD/JPY as second target ,, on the AUD/JPY i cant tell exactly till i see how the waves will develope , will keep it here updated , plz click the follow botton on the blog if u like it so far
very important thing to notice ,,, i would add to the CAD/JPY rather than the AUD/JPY as i believe what u can see on the EUR/AUD chart will be happening soon to the AUD/CAD chart , i mean as i mentioned before the Aud will have soon its time to be stronger than the CAD and the Cad will be the perfect short ,, so thats why i was and i ll be concentrating on the CAD/JPY more ,
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Awesome Jesus. Ive taken your trades. Cheers Mate!
ReplyDeleteur welcome m8 , just keep close eye on here for profit cutting
ReplyDeleteDo you think it wil hit 83 support, or reccommend taking profit now, due to consolidation?
ReplyDeleteCheers, Jesus.
(since i dont know your actual name haha)
if u wanna take some profits now ,, its ok ,, its only 20-30 pips awaye from target but i m sure this will drop below 83 , so dont take all ur short off
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