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Old 24-08-2005, 09:03   #44
geiseb_hd
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Re: Does anyone make money in Forex Trading?

Friends

I just closed my long trade in the cable at 1.7979. What an odd number? This was out of fear, which I always stupidly do? I never damn look at the chart and take action. Just look at the chart above. There is strong momemtum:

1. my emas, 10 & 21 WMA have not crossed.
2. price has penetrated the 62 WMA to the upside, a signal of strong momemtum.
3. news is out of the way at 8h30 ET .
4. there is no threat to the upward move, unless of course oil hits higher, which would be dollar negative.
5. or some bomb goes off or something happens
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