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Summerset · 08-05-2008, 04:46

It seems that ending diagonals are in the fashion with the Eurodollar.

After the daily & 4hr ending diagonal, an alternate ending diagonal (Bullish) has completed on the 1hr frame, (See Chart-A). A buy signal has also materialized on 1hr

Its time to buy the market <5335> & 5320 which should be seen today. Target 5530 (diagonal top), Stop 5260 (Below today's low).

Another diagonal too has formed on the 4hr, note that we are buying the 2.618 on the 1hr & 0.618 on 4hr.

The 4hr signal however is yet to materialize (Blue arrow on Chart B).

At 5530, we will contemplate to re-long or short as momentum unfolds, & the resistance at the diagonal's top shows strenght / weakness.

Profitable Trading

08-05-2008, 04:46	#245
Summerset CFTe Join Date: Jun 2005 Posts: 1,144 Downloads: 0 Uploads: 0 Rep Power: 5	Eurodollar Update. It seems that ending diagonals are in the fashion with the Eurodollar. After the daily & 4hr ending diagonal, an alternate ending diagonal (Bullish) has completed on the 1hr frame, (See Chart-A). A buy signal has also materialized on 1hr Its time to buy the market <5335> & 5320 which should be seen today. Target 5530 (diagonal top), Stop 5260 (Below today's low). Another diagonal too has formed on the 4hr, note that we are buying the 2.618 on the 1hr & 0.618 on 4hr. The 4hr signal however is yet to materialize (Blue arrow on Chart B). At 5530, we will contemplate to re-long or short as momentum unfolds, & the resistance at the diagonal's top shows strenght / weakness. Profitable Trading Attached Thumbnails __________________ Sincere Regards Summerset ------------------------------------------------------There is no future in any job. The future lies in the man who holds the job.- George Lane. (Stochastics Developer).