Tuesday, September 7, 2010

Daytrading charts #3 & usd/pln possible reentry

My today trades: application of market geometry and trend following. Good way to connect to the existing trend, because, as we know, nobody can catch every single move from the begining... ;)





Please take a look also at the US Dollar against Polish Zloty chart. After the perfect correction to the 3.19 level, there was a violent move down. Now, I'm waiting for the reentry short and I will seek price action on the red lines (fibo from different waves). It's all depend on the strength of the red levels.

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