April forex?

I am not afraid of the EU, even though I could have taken a profit, I dont see how on its own merits it will stay this high for an extended period..

So I will keep adding slowly and wait for it to crater.

Need an event to turn things..that being a USM cratering or some political event..or the whisper of rates being raised. Even the mere whisper and the whole game is reversed.

                                            1iron

Buc.......................Hope you waited this one out, if you did then

                                  

Thanks..

Waiting for 1.40 and I wont cover until that point, which will be a monster winner when it happens.

You know I have waited this long, waiting for 1.40 might not even be enough..you need to stretch the time frame to properly factor in the move from 1.20 to 1.49 to here..fib lines are going to be odd in the short term, but the long term if you factor in the move from the low to the high, I would say 1.40 might be lean..maybe even lower.

Might have to reduce the cover rate, smells like she could go even lower.

Ive thought pullback for a year or more. We are fighting the FED and cheap money, they know if the market drops that it will have a ripple effect across the economy and so even though it should happen it probably wont.

Yeah I dont like doing long swing trades, but Ive learned that if you dont give a position the chance you will get whipped and lose.