All quiet…
The EUR-USD pair has been pretty uneventful for quite a while now. Some mild dollar strength this week took the pair back down to hovering around the median line at 1.27. It feels like we’ve been around these levels forever now.
Two small profitable trades were banked this week. I still have three open trades from higher up in the grid which are still lingering there awaiting either some sustained dollar strength (on which I’ll close them out), or a return to form for the euro (which will result in some nice profits). The total laid back nature of the EUR-USD pair for so long now makes it a near certainty that when things do pick up, they will pick up fast and hard. Will the ECB interest rate decision this coming Wednesday provide the breakthrough?
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Comment from gaucho33
Time 5 October, 2006 at 9:32 am
Congratulations! This is the first blog I found in which is showed and commented a trading method based in something similar to BWILC methodology.
I consider this book one of the most realistic books I have read.
I´m experiencing with some demo accounts two methodologies related to median trading, fib and a modified version of the original grid trading.
Up to this moment both experiments are goiong very well. Low DD and nice accumulated profits.
Well my main idea is to encourage you and, if it is possible for you, exchange our experiencies into Forex Market.
I live in South America and english is not my mother tongue but I think we could communicate very well.
BTW. I heve my median value for the EUR/USD in 1.272 (not very diffrent from yours).