The short EUR/USD currency exchange pair sale hit the profit target at 1.4434 around 8:30 PST for a healthy profit of +223 pips. Remember to be grateful for the opportunity to serve the world forex marketplace.
Monday, January 21, 2008
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2 comments:
Nice Trade Dr. Forex - I saw the same signals jumped in the trade last Thursday. I was poking around for commentary on if it is time to jump out. I feel that investors running for safety in US Treasuries is going to fuel this further. Your thoughts?
Actually I sold again at 1.4441, looking for target of 1.4207 now. I do not try to explain why investors do what they do, or really care what explanation they give on CNBC. The nature of ALL systems (e.g. the markets) is meta-stable states of equilibrium, interrupted by chaos. It will always happen this way. The key for me is to either chunk up or chunk down to find the next most likely balance point based on chaos theory and fractal analysis. The economics matters little in making the predictions.
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