Tuesday, March 20, 2012
A typical day
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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17 comments:
Great to see you trading again :)
Hi, I like your blog, it's nice. What is your scalping strategy, do you share it somewhere?
Thank you so much.Keep up the good works.
www.ganardineroporinternet.info
http://iskadev.blogspot.com/
These are the kind of days which are far and too many so it is kind of a normal stuff for me to see people and obviously you. It is always handy to discuss things with a senior person like you as that can help us so much and also I do lots of discussing with my friends as we all trade with OctaFX broker which is one of the finest brokers of all time so it is great to trade with them.
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The big question now is just how important Tuesday’s failure at 1.3460 really was? I think we are about to find out. The 1.3225 level is two square roots off of Tuesday’s high and is potential area of support, but the more important pivot zone looks to be around 1.3180/90. In this area there is a confluence of two key pitchfork parallels, the 50-day moving average and the 61.8% retracement of the September range. If this is just a minor correction before turning back up then this is a natural level where the trend should try to reassert itself. Traction under 1.3180 would warn a much more pronounced correction is underway.
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