Disliked{quote} By the way, you should close those orders now while you have the opportunity. It looks like PA is going to fabulous new highs but its not - when PA reverses now it will go down relentlessly to 1330 then later to 1310. Trust me on this. Closing now to preserve your capital means you're in the game later.Ignored
Hey buddies,
On correction I am eying up 1340 first - which would be a loss for him anyway... Personally I would likely risk at least one of them through the FOMC to see
if we can print at least one more high before any correction / profit taking.
Todays USD news pretty much all crap.
below.
venzen, you really think that 1310 is in the cards? I suppose if 1330 were to go, but until then I'm sticking to 1330.
Overall what everyone should keep an eye on is overall, we have made two fairly steep lows, 1180 and 1250 along with moves north.
yet the lows have not been retested or cracked.
FOMC tomorrow. also attached. I don't put too much stock in ADPs number, it can be suggestive, yet it is often different than the NFP and they are certainly not the only "payroll" company in the US.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News