Thursday, 4 September 2014

P/J  time to get out, it has made      120 pips profit

D/S went to first port of call at 0.9175 and has now shot up. So        profit 22 pips.

E/S went up to second port of call. so,  24 pips profit


The markets are difficult to read at the moment, EURO/USD indicators showing a big upturn, but the news is not good in Europe, I put in my notes to myself yesterday that I thought it would fall at least another 130 pips, and by a fluke, thats what happened, the moral of the story, the indicators are not the whole story!!

Playing around with Fib, it could go down another 200 pips to 1.2795

Non Farm Payrolls tomorrow, could have a big effect on USD.

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