Jan forex thread..

Over the summer many were calling for par in EU..as Wall said not much has changed since then the shell game wont hold up forever..

Looking over USD chart 79 is a big area really if that doest hold some small support areas between 76-77 but next strong point is mid 74s..this is just from drawing lines on charts..havent gone through tech writings or looked at pivot points but thats what i see..

Eu daily chart has the 100 MA at 134.09..the high from 12/14 is at 134.96...the 4hr looked great for a shrt about a candle ago..+DI got rejected at ADX and RSI was at 79..im not sold on this move up here the monthly chart has the DIs and ADX all coming to a point looking at a cross lower..RSI is at 48 no help there and its not the middle of the month yet so i could see a push up to 12/14 high and then lower

Not sure really but selling here at this price wouldnt be the end of the world..we[Wall and i]buy/sell more to price avg like these are stocks..

So if you were to short this pair here say you start with one lot at 133.50 and it moves up to 134.90s..we would sell more there and have two lots with an avg price of 134.20ish..

Im not sayn to do this just pointing it out...if you guys have watched or plan on watching these threads youll see what im talking about..margin management is the name of the game..dont start a trade with a crazy amount of lots and you leave yourself some room to work the position

Im in on EU..set a sell order right at the res line i mentioned the other day..1.3496..shouldve been in on a buy in the 1.3250s,dont know what i was thinking??

Im on days but havent been sleeping well..hell its 3am im up and have to pick up supplies for a job at 7am..

GL fellas