The end of the Euro?
Betting down the Euro has been a pretty safe bet this week. On Friday last, I predicted a fall in the EURUSD from 1.34 to 1.32. Looking at the chart, the support/resistance lines are clear, 1.34,1.32 (strangely not a big support at the round number at 1.33),1.29, 1.26 and then straight down to 1.19.
Betting down the Euro has been a pretty safe bet this week. On Friday last, I predicted a fall in the EURUSD from 1.34 to 1.32. Looking at the chart, the support/resistance lines are clear, 1.34,1.32 (strangely not a big support at the round number at 1.33),1.29, 1.26 and then straight down to 1.19.
The main issues of when and how to take the trade are moot if one uses a grid trading program. An updated version of Watcher, my MT4 grid-trading app, can be configured to trade uni-directionally, and "ratchet" in profits when net asset value (NAV) exceeds the starting balance by a user-configurable percentage.Switching off long trades, and using a ratchet of +3.5% resulted in a remarkable profit of 22% on the week.
The new Watcher version again uses my proprietary trading libraries, snippets of which I have shared and reused time and time again.
Check out the screen print below for more details:
Check out the screen print below for more details:
No comments:
Post a Comment
Note: only a member of this blog may post a comment.