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Old 01-12-2009, 07:25 PM
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omegavus omegavus is offline
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Tody's trade - NICE!!

Hello Guys

here is my trade analysis for today's short position:

Today” trend expectancy is MIXED. in a transition from uptrend into a down turn correction on the bigger charts.(4hr charts). Meaning that high volatility and possible consolidation might be present.

Just be very careful on this trade. Lower your contracts size or be very quick on taking profits. Whipsaw, always happen through this transitions stages. Tight Stop ALERT!

Strong Support has been Reached on the 4 hr chart at 1.5020-1.5045. Also this support has been confirmed by my system calculation, to be important. Still I’ll keep to my system parameters but with caution.

So, I’ll expect the market to Rally from these actual levels, giving us a potential to Short the market as indicated on the trade call. But Be sure to trail your stop and exit as soon as the first target price reaches.


Sell Entry Area: 1.5232 -1.5137 = Execute with IDT RSI Indicator Signal!

Actual Short was at 1.5050 on a break down. Because Prices never enter the sell zone.

Maximum Stop Loss: 1.5272

Just be very careful on this trade. Lower your contracts size or be very quick on taking profits. Whipsaw, always happen through this transitions stages. Tight Stop ALERT!

Price Target Projection, are as Follows:

Target 1: 1.5147 - Reached
Target 2: 1.5062 - Reached
Target:3: 1.4925 - Reached

Then, The updated Recalculated Target were:

Target 1: 1.4897 - Reached
Target 2: 1.4818 - Reached
Target 3: 1.4690 - Not Reached


Results was 125 pips. Great Trade!


Happy Pip Hunting to ALL.

Carlos- Omegavus- Diaz
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God Bless & God Speed ----- OMEGAVUS
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