Tuesday, May 29, 2012

5.29.2012 Fiber Trade Review


This is one of my favorite trades.  A high made in London and trades down in to New York.  Doesn't trade down too much, at least 30 pips but not enough to hit ADR.  Then a OTE retrace in New York with SMT divergence.

I had this trade.  Unfortunately I had to cut it short to go watch the kids for an hour.  However, the .33% increase in my account is enough to put me back in profits.  A psychological level that increases confidence.


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