Friday, June 22, 2007

Post Match

Initial prediction of further recovery was incorrect, because some strong selling did push the price closer to the lows. Although it remains to be seen if it finally breaks or bounces.

Early gains gave me some breathing space to play scalper games later in the day. Concentrating mostly on new Fibonacci retracement and extension levels. Due to increased volatility with less clear moves a little averaging was called for, as momentum fits and starts gave indications of possible reversals.

Overall a positive week in terms of P&L.

+28

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