Interdum stultus opportuna loquitur...

Thursday, November 03, 2005

EuroRant III: The Revenge of the Divergence...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

I mentioned in the post immeidately preceding this one that the Euro had formed a CCI buying divergence when it set its swing low (at 1.2078, at about 7:45 p.m. Oz time).

I took pains to point out that I didn't take that signal - but it did the business: ECZ5 is now at 1.2108.

Amazing how the thing can go sideways for 12 hours, then add 30 pips in as many minutes...