MESSAGE FROM JACKO 431

It is 1.00am NY time Thursday August 20 and the market is at 1.4220

Well, my impetuous and impulsive "BUY the retracement" trade at 1.4135 was closed yesterday at 1.4250 for a 115 pip profit.
And, as I said on Tuesday, "I personally will be waiting for it to retrace to the 1.4250-1.4300 area so that I can sell it, because the 4H trend is now downwards" I was a bit slow in reacting because of the flu but after closing the "buy the retracement" trade, I chopped and reversed and I sold at 1.4235 and am looking to ride the trend down to 1.4100-1.4150. I am now letting the trade play itself out

Edit 3.30am NY time Market at 1.4223. I am still letting my SOLD at 1.4235 trade play itself out

Edit 8.00am NY time Market is at 1.4235. The market is repeatedly bouncing down off the Resistance line which is shown by linking all the highest points on the 4H chart from 1.4447 (on Aug 5) and 1,4413 (on Aug 7) and 1.4266 on (Aug 19) and which is now at around 1.4250.
If it breaks down, it will head towards the Support line from 1.3832 (on July 8) and 1.4045 (on Aug 17) which is now at about 1.4075.
The first target would be the 50% Fib from 1.4045 (Aug 17) to 1.4266 (Aug 19) which is at 1.4150

Edit 12.10pm NY time Market is at 1.4230 I am letting my trade play itself out

Please hold off on sending me any emails for the next couple of days UNLESS they are extremely URGENT (such as if you are not getting the SMSes or you are having difficulty accessing the blog). I am trying to recover from the flu and Mrs Jackson does a screaming war-dance every time I try to answer an email. I should be fine after the weekend.