Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who started this subject	5/26/2003 9:34:40 PM
From: skinowski	Read Replies (1) of 941

On the USD: from an EW point of view, I posted this on April 26. An impulsive rally was followed by a corrective-looking decline, and the implications seemed bullish. The stop for this setup was the March low, and a few days later it was broken. (At the time, I was trying to find a way to trade it, but the Interactive Brokers do not have a USD product. Otherwise, I would have been stopped out with a loss). ttrader.com Presently, I think that the USD might be actually looking for a bottom. The sentiment for the greenback is very bearish, and the EW picture is beginning to look like a 5-waver which might be nearing completion (on the weekly). I wouldn’t try trading it, however. Need some sort of a reference point.

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