In addition to previous posts today

Here is the 0.382 fib I referred to as well.

You should all be in profit for The Euro, Yen and S&P now so start locking in profits if you have not already done so.

Email referring to previous post

I had an email referring from someone who couldnt understand how I managed to get the 0.941 fib reversal last night. Above is the chart showing that info. It is on a 60 minute chart EurUSD.

Euro Fib & Reversal

Trend is still down!

There isn't any major news out this week so trading you should be able to open a position without the concern of news volaitily taking out any stops.

You will have noticed the high of the 31st and the low of the 1st produced 0.941 yesterday at 10pm and the market headed south immediately. Right this very moment we are at 0.382 fib and those of you who have done the 40 hour multimedia Dynamic Trading Course will know what that could possibly suggest. If you were awake to have witnessed that (and I was one of them after coming back from a friends house last night) will be in profit this morning and I would suggest either scale out or break even at the very least.

Have a good trading day.