I agree with you about the Euro.
If this was a reversal we would at least have some consolidation for accumulation at the 1.3000 area. Most likely this is a correction.
The 1.3415-1.3475 looks like major resistance.
Filthy Rich for Dirt Cheap - Ajaymein
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This came out late Friday. Germany may bail on the Euro
http://www.guardian.co.uk/world/2010/de ... andon-euro
We may see a quick decline early next week
http://www.guardian.co.uk/world/2010/de ... andon-euro
We may see a quick decline early next week
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Got into a long on eu. Will place stop at b/e if next 15m closes bull.
If you are wondering why I am trading long when I am heavily favored short...well, I'm not going to anticipate anything. I will react to price, whichever way it goes. However, if I find myself in a nice short, I will have more of a tendency to let it run to my longer term views.
But, its going to go up 50-100 pips or go down 50 -100 pips, there are no other options. I'm going to catch whichever way it decides to go.
If you are wondering why I am trading long when I am heavily favored short...well, I'm not going to anticipate anything. I will react to price, whichever way it goes. However, if I find myself in a nice short, I will have more of a tendency to let it run to my longer term views.
But, its going to go up 50-100 pips or go down 50 -100 pips, there are no other options. I'm going to catch whichever way it decides to go.
I use it off of H4 and higher time frames...but I don't really even need it anymore because its quite easy to spot momentum candles and zero lines without it.
There is no method regarding it...if you read MOs posts from a few years back, you can create a method out of it from his teachings when he initially starting using the phrase "Mighty Zone"
There is no method regarding it...if you read MOs posts from a few years back, you can create a method out of it from his teachings when he initially starting using the phrase "Mighty Zone"
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