Friday, 3 October 2008

Last Friday I wrote

UCa:
UCa may bounce up. If so then it will produce several hundred pips potential profit. Buy limit at 1.0285.
Look closely MACD daily chart.


This week UCa rose by 509 pips. Unfortunately I totally forgot it and didn't look at the UCa MACD daily chart at all, and missed the trade.

Next week USD may dramatically drop down. EU has a rough doji daily bar. Wait for Monday's close to confirm. Look closely at MACD charts of EU, UC, GU and AU and wait for confirmation of a buying signal. All of them are expected to have a STRONG divergence signal on the daily MACD chart.

EU:
Buy @ 1.3510 (38.2% Fib Ext), SL 1.3480

UC:
Sell @1.1385, SL 1.1430, Expire 8 Oct 22:00.

this week: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

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