Thursday, October 8, 2009

Shut Up & Trade, Volume 081009



So, I've been all self-contradictory again lately. I haven't either shut up or traded. But that's OK.


I see a potential H & S formation on the USD/CHF that looks slightly intriguing.


I usually don’t like H & S patterns, but this one actually looks like it might break. MACD looks increasingly bearish.


If it breaks below the mini triangle formation, I might sell a break below 1.0249.


Target 1.0171.


Stop above 1.0272.


3.39 Risk:Reward

No comments: