Traders Laboratory - View Single Post - Week 49
Thread: Week 49
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Old 11-27-2006, 06:10 AM
Anna-Maria Anna-Maria is offline
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This member is the original thread starter. Re: Week 49

I guess if you're confident that the current fundamental is still to the $ neg, then triggering as close to the pre-gap support line (c9330) offers the better opp?

It allows a decent r/r entry to test the further $ downside potential?

Ignoring the spike high, the playable range is quite well defined.

It's simply a case of what you perceive to be the lowest risk opportunity if you're considering triggering at all.

Bear in mind, there's a whole slew of data/Cent Bank chatter this week - each camp will be trumpeting their side of the $ story!

But for now, it's still dawing the magnet to the $ negative until the data proves otherwise.

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