Sunday, May 15, 2011

How To Build A Meyers Manx

Realization gains

passed another week of decline. On Friday, realized gains on short positions and the dollar. I have mixed feelings - on one hand the number of pairs of dollar can be seen corrective wave B (for example, NZDUSD, who barely made fibo23.6 and consolidation between him and sma15):







On the other hand USD_I already done the whole "book" adjustment range:


We have achieved fibo38.2, the resistance of the channel succession and RSI (70), a conventional peak for consolidation. The only signal heralds the further strengthening of this breaking of SMA50.

Recent times have taught me caution in such situations - better to lose an opportunity than a capital, which is why almost all pozamykałem leveraged positions. 50 certificates left RCSCRAOPEN medium, 2 microlight EURUSD S and S FPKN, who still has a chance to include 50.65.
"When uncertainty increases, reducing the position" - is one of the rules which have recently been holding on and good on the go. Market signals are contradictory - on the one hand we see continuing declines signals, lack of faith in the deepening of wells, and many hunters knife, which makes me the option of further declines. On the other drag on the dollar. 's look on the FW20:






This chart shows perfectly why I am afraid to stay with short positions. Firstly, the proximity of support wedge that formed in July 2010. Second, the RSI 30 points and third, the parent still growing trend. I expect tomorrow or the day after the test of 2780-2790, where he runs fibo50 and support wedge. RSI analysis also shows that the previous level of local wells in breach of 30 points. However, current levels are a little bit of potential profit.

If I had to tell the script which turns my head, I'd say that next Wednesday FWIG20 open gap at 2780 and will drive to 2700 and in the next few sessions it comes to testing in 2536! I wonder if anyone sees a chart like .. As I mentioned at the beginning - do not put money on this scenario, if the wedge support goes down, there will be many opportunities to return to their short positions.
When I read other blogs, I do not see any armagedonowców. If someone posts the deepening of inheritance, as an option. Just as I put it on a lot of money, only to refrain from long positions. This leads me to believe that the actions of EM see similar strong declines to those seen recently on the goods. Finally: EURUSD gave medium a sell signal. This signal is almost always works since 2008 (the earlier data can not look stooq hehe).

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