August 2011

Hello and welcome to my venture into blogging about trading Indices and FX Markets! Having been a Bulletin Board Thread owner and main contributor (20,000 posts) for the last couple of years on a hugely successful forum, I've often considered entering the blogosphere and going it...

Swing short entry taken at 126.50 based on daily channel resistance and 4 hourly fib retracement level. Daily support beckons just slightly below the current price level, however it's been somewhat abused recently and I don't expect it to hold. A retest of the March 16th 2011 "Tsunami" Low would make for an ideal target