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" Nothing happens, unless first a dream." Carl Sandburg
25th March 2009
Open Positions
We are now long Euro Dollar for a 1.40 target, Entry is 1.3465. The reason for the trade was placed yesterday. The entry was a GARTLEY pattern into the 78.6% retracement. Stop is in
NOW STOPPED OUT>>>>>>
See chart below for entry reason, and refer to LIVE trading room for other signals
Closed out for Dax short position at 0
Trade Sheet
As per the analysis of yesterday I am now long Euro officially at 1.3465. The entry was a Gartley into a 78.6% retracement. If you had been fast you could have sold the 78.6% rally after the news announcement, like Larry P just told me he did. So I am on the other side of his trade. I will stay long, gunning for 1.40 and will add to position. I will keep members of the trading room updated.
I am now headed to Las Vegas for another workshop, so updates will be less until Tuesday next week. The live trading room will re-launch next week in a far simpler setup. So if you havent sent me an email yet, please do so, and I will send you an invitation. The room has one mission only and that is to teach you my setups and let you know the very second I place my trades into the market. The email is info@tradertom.com.
Viva Las Vegas....
Tom H
14:33pm update (from the 24th March 2009)
I am watching a trade set-up here in the EURO DOLLAR. The target looks like 1.40. I have been nibbling away on the long side over the last couple of hours.
The euro has made a 5 wave corrective wave that mr elliott would have called a flat (if you are an E-wave expert, and I am wrong, please email me). There is reverse divergence on the stoch .the 15 min and especially 30 min chart show a double bottom pattern. I favour letting the market come back to the trendline as shown, which is what it has been doing over the last hour.
ANALYSIS
