Even More Profits

Lock in the profits again and I would suggest placing stops at swing lows on 15 minute time frame.

On a seperate note, I had an email from someone not being able to view todays chart clearly.

For those of you who may have a similar problem, the reason this problem seems to occur for some of you depends on which computer I am using to take a snap shot of the chart. Some of my computers have a higher resolution than others and the higher the resolution I am using, depending on your resolution will change the size of the image. A work around maybe to install the newer version on Internet Explorer (IE7) as this has a resizer on the bottm right of the browser. You can download it by clicking here.

Euro APP is 12637. Keep a look out.

Further Profits

I am locking in further profits from the Pound, Euro and Yen.

Euro is reaching 0.382 fib, Pound is getting closer to 0.618 APP and Yen has reaced 0.618 APP and also M0 pivot on weekly.

Hope you have all captured further profits.

I am looking for a short on the Euro and am going to await the Euro reversal on daily DTOsc 13 as long as DTOsc 8 is still bearish.

Possible Wave Count

Chart courtesy of Dynamic Traders. Data provided by eSignal.

The above shows a possible wave count of the Euro as of 9am today.

You will notice yesterdays move down did a fib reversal so if you did not already have a position open on the Euro then the fib reversal was an excellent opportunity. Risk is always limited at fib reversals.

As for the Yen, ensure you lock in more profits today. We are about 146 pips in profit with this trade since I had mentioned it and also coming into a fib reversal zone so tighten stops in case we do not break through the support levels.

As always, good luck and don't go chasing trades. Always wait for set ups.