Friday 12 March 2010

$ ¥ Friday session


No matter how closely i check the anchor points (P0,P1 &P2) on my charts fro all ML'sets & in as low a time frame as possible to give me as much accuracy these two are worlds apart...especially on the long term median line sets. However i am almost tempted to stick with the Metatrader chart but either will do. Price fell back and offered another good entry point (circled) and now has touched our final objective of the aquablue centre line in the MT chart. Now i have still held both long positions..in part due to the fact that i was absent today from the office and missed taking partial profits as i planned at the red centre line but now i will be moving both my B/E stops up to give at least some profit if it all goes pear shaped but this looks to me like a market on the move up and now we are above the daily red & white Metatrader long term centre lines (green in E-signal-see yesterdays post for both daily charts) and price is finding support there and we are making higher highs and lower lows we should see more price energy on the upside next week.

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