03-06-2008, 06:45 AM
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Member
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Join Date: Nov 2007
Location: Moldova, Chisinau
Posts: 95
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Hello everybody!
Here is the trade plan for today
Quote:
Hello!
Ok, here are my thoughts. I won't write too much today, because I don't want to be late to the grand opening! Of the forex market of course!  It is only 1 and a half hour to the European session.
20080306_gbpjpym15.png (image)
Ok, here is the picture. As you can see, yesterday all waves were in order, just as they supposed to be. It seemed that we were going down, but I mention that correction may continue downwards - no magic here, just Fibo grids (61.8% of the 1st wave). Simple? Well, yes. That's why it's so popular.
Today we can continue with the 4th wave down (again - this descending movement has its own limits, so it it will end), and then - to the 5th wave. Or simply, we can start our 5th wave at once, just after little bearish jerk (we have to finish the 4th wave anyway).
Also please mention that existing 4th wave looks like a triangle - I marked it out on my chart. I will follow the price after breaking of these levels.
And it is all for now, now let us trade the plan!
Best Regards,
Anthony Schneider
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The trade plan is taken from Forex blog: Daily Reviews and Tips for Your trading
Good Luck
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