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TFC Commodity Trading Forum

Re: The Euro Sell-Off & Market Forecasting *LINK*

Our risk:reward of 1.4 based on the daily signal on 5-9 -- the close -- was achieved last Friday -- when/where we have the option to take a portion off -- (suggested). Not sure now if we are in a mean reverting environment or counter-trend. If 128.85 gives way on a couple of hourly closes then that opens the door to a potential counter-trend rally, which I would welcome as an opportunity to replace those shorts taken off below at that 1.4 factor of my risk which as the 5-8 high.

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