MESSAGE FROM JACKO 435

It is 1.00am NY time Wednesday August 26 and the market is at 1.4295

My Short trade at 1.4340 is progressing nicely. I am letting the trade play itself out. The first target is the 1.4200 area which is the 50% Fib line.

NOTE: I have received emails from almost every one of you about the 50% Fib numbers in Mondays blog. There is an obvious typo caused by the flu, too much brandy and too little loving from Mrs Jackson (who did NOT want to catch the flu...LOL). It should have read as:
The 50% Fib line The nearest 50% fib is from 1.4048 (August 17) to 1.4375 (August 21) and is at 1.4200

Edit 3.00am NY time Market is at 1.4310. The market is moving up marginally ...probably on the approaching news of the German IFO numbers coming out at 4.00am NY time. My trade is still playing itself out

Edit 8.05am NY time Market is at 1.4270. I am continuing to let my short trade at 1.4340 play itself out. I will probably look to take a profit at the 50% Fib area of around 1.4200 (or just above it at 1.4210).

It is 9.35am NY time. The market is dropping nicely. I WILL be closing my Short trade from 1.4340 at 1.4210. We can get back in again later with another short when the market bounces back up.

Edit 11.27am NY time I have just closed all my Shorts from 1.4340 at 1.4210 for a 130 pip profit.