djulseth

It appears the swissy gapped down open of the new secession and has went through support at 103.76 down to 103.40 area, I was down 50 pips, but my target has’nt changed so the risk to reward is still good.

I looked at the daily to see what price could be targeting as a new support area and I found a FE right where price now is seemingly finding support, I have included a chart of the daily and marked my fib high low areas to show where I came up with a FE 100.00, the upside target is still 1.0620 nice 200 pips or so. look for a smaller time frame pullback as it should do an abc from here.

The way price has been moving it’s anyones guess if that will happen but I am in, down 23 pips at the moment. If this level holds as I beleive it will, 106.20 will be a 38.2 pullback area, if you do Fib Projection from the low where price has found support currently and drag it up to our target of 106.20 it will project a 261.8 confluence with the FE 161.8 which is @ .9776 area, while it is to early to tell that far out it would be consistant with 1.5800 I am seeing on the euro.

Look for a pullback on the swissy of 78.6-100.0 area from 1.0405 before seeking target of 106.20ish if you missed the 1st entry, best of luck!!

Zig

Trading can be a very rewarding business venture once you have all the elements mastered and there are many, this can cause long hours of study often late into the night.

In order to not get wore down It is essential that you try to take the time out to really take care of your mind and body as you will exhaust them in any business venture. Often the sacrafice can be worth it, Getting your sleep is essential I know alot of traders that suffer from sleep deprivation don’t do that to yourself, take care with quality nutrition and proper rest intervals and you will be able to further go along in your journey without breaking down in any new venture you embark upon.

Forex can be a great business once you have it nailed down and should open doors for you to fund other business opportunities creating multiple sources of income, spring boarding into other areas of business such as  e-commerce, realestate or whatever you choose, or trading exclusively for your business.

Your #1 primary focus needs to be you however, how do you best ensure longevity in anything you do, Taking care of yourself with sound nutrition, rest is that key component.

Lots of traders work full time and trade on the side, this can be very demanding on the mind and body. Create an atmosphere for sound health and well being and you can go further than you imagined, while having the sustained energy to enjoy it.

 Wishing you all success where ever life takes you!

 ziggy,

 P.S. if there was one nutritional product I would take It’s a product called “vibe”