Thanks & Trends

I recieved three emails and two text messages from people who have done well yesterday based on my analysis stating they will donate to charity. I just want to say thank you to those that have done well and are donating.

I also recieved a couple of emails and it seems this is becoming a trend of it's own. I mention about the trend being down and I get asked how I have worked that out as the trend looks like it is up. The answer to that is to work top down. If analysing charts you look at one time frame (such as 60 minute only) and it is down, look at the bigger time frame then you can not notice the overall trend. A top down approach is what is needed to work out the trend. Check the weekly, daily and hourly which will give a beter idea of trend. Just because the 60 minute is up, doesnt mean the weekly is.

This can also be helped tremendously by using fibs. I really urge anyone who has not done so as yet, go and buy a copy the Dynamic Trader Workshop. It only costs $997 for a 40 hour home training course and is one of the best courses you will have.....trust me!

Yesterday's shorts

Those of you with standard accounts should have made in excess of 1k yesterday based on the analysis. If you did use my analaysis as a basis for your trade then I would please ask if you would make a donation to one of my charities.

The Euro has still got some way to go down but as you can see from the daily chart, it took a breather at exactly 0.681 fib yesterday. We may have a little bounce up before commencement downward again.

The second chart shows the weekly view and nothing has changed (even though some of your email are asking if we are going up now). We are still going down.

Good luck today.