makforex 发表于 2012-11-23 00:27

The short squeezes have been going on for several trading sessions.

makforex 发表于 2012-11-23 00:30

本帖最后由 makforex 于 2012-11-23 00:32 编辑

Roughly speaking,   1.2900 is the 50% Fibonacci numberbetween (1.2655, 1.3135).
But I am not dogmatic about that, just a tool ! No majic number indeed !

Maple+ 发表于 2012-11-23 00:31

The short squeezes have been going on for several trading sessions.
makforex 发表于 2012-11-23 00:27 http://y2.cn/images/common/back.gif


    Well, squeezingtoo much .................I believe it is out of juice now.............. Do you think 1.29 is top of wave 4 ?

makforex 发表于 2012-11-23 00:35

本帖最后由 makforex 于 2012-11-23 00:38 编辑

Quite subjective , if you begin at 1.2650.
Well 1.2900 is the golden number indeed ! (1.2650, 1.3150), A rule of Thumb.
There are weapons in the arsenal. Using suitable tools at the right moment is more important.
: art and science !

makforex 发表于 2012-11-23 00:37

My trading philosophy is flexible and I am an open mind person.

makforex 发表于 2012-11-23 00:41

Softwareis just a reference, rational judgement is vital !

makforex 发表于 2012-11-23 00:43

Now the short position is in the money, take partial profit of 26pips, with immediate objective around 1.2850.

makforex 发表于 2012-11-23 00:45

Add one more short position of cable at 1.5950 with short term objective at 1.5870

makforex 发表于 2012-11-23 00:48

OK the magic number is 1.2900 : the 50% Facbonnci number of (1.2655, 1.3155)
One of the popular numbers among wave technicians . Good night.

Maple+ 发表于 2012-11-23 00:50

Well done and good night, mate.
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