Ok, well i was too busy yesterday but i think we can agree that the reverse forward count was one day out as the Euro cracked yesterday Monday 25th October as opposed to Friday last week as i expected but i am not brilliant at the count and it was a difficult one as per my posts weeks ago ( here)This is the time to make money/pips and simple forks drawn in all time frames and using the break of a reaction lines with indicators based trade entries such as the EurGbp below this morning. I use the B-line template with Macd & fast/slow stoch but also other setups as they present themselves(eg: see1 & see 2). However the most important single thing for me is the money management. If you read the market right and manage to get 60% of your trades as winners then you are performing better than many UK pension fund managers.
Next stop for Eur USD 1.3850 but watch the USDX to tailor your view and trade as i expect to see price accelerate up through the reaction line i have talked about for months.
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