Wednesday 28 April 2010

Euro collapse due to Greece’s debt problems, part 2


OK, now we know that the “larger degree” chart (4hr) was giving a sell signal, we can zoom down to the 1 hr chart. Here we see that a high was made right at DP resistance. This nailed the high before the Euro declined sharply.

With +5.2R Profit (ignoring spread) available at the lower DP, this was a perfect example of how the rest of the world was running around not know what was happening, in fact the debt crises was headline news. And all the time, MTPredictor had nailed a beautiful trade and was making money for its users. Brilliant !

Thanks, Steve