Notice of temporary break

Hello everyone,

My apologise for not informing everyone. Been busy running around for the holidays.

Anyway, I will be taking a 3 weeks break. Starting this week.

I will be back after the new year.

To me usually this period of time, during holiday season, market usually very quiet.

So I wish everyone Merry Christmas and a Happy New Year!!!

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Eurusd update - 16 Dec 2011 Fri

Good day,

Eurusd is consolidating within 1.2950 - 1.3050. I would take either end as an entry if eurusd breaks either side.

Meantime, I would not wish to anticipate the movement as eurusd is very sensitive to fundamentals now.

Eurusd update - 15 Dec 2011 Thurs

Good morning everyone,

Yesterday eurusd traded lower but I really stayed out for some reasons.
Firstly is that eurusd is trading very near support level and the 2nd thing is that I favour a short correction up first.

In the meantime, eurusd may edge lower but I do foresee that the bear is reaching an exhaustion so need to a break. I will only pick long after a strong base is form around 1.2950.

Eurusd - updatr 14 Dec 2011 Wed

Good afternoon,

sorry not able to update in the morning. Anyway, eurusd has quite a range for the week. I do expect eurusd to turn up soon.

Right now, I believe it is going to form consolidation with 1.3000 - 1.3150.
Lets see where eurusd will head.

Eurusd update - 13 Dec 2011 Tues

Good afternoon,

Sorry wasnt able to get the update today.

Anyway, eurusd has reached my target price. Lets wait and hunt for new entry/direction.

Eurusd update - 12 Dec 2011 Mon

Good morning,

I still holding short and still expecting eurusd to reach 1.3200.
With SL in place and target exit in place. Lets wait for eurusd to reach this bottom and I expect this week eurusd should hit this bottom at the early start of the week.

Happy trading to all!

Eurusd update - 9 Dec 2011 Fri

Good morning everyone,

Good to shift SL to 1.3460. Eurusd should be going down further. As for target, we should be looking at 1.3200 to end this week trade.

However, if eurusd turns up and breaks above 1.3460, definitely need abandon short view.

Eurusd update - 08 Dec 2011 Thurs

Good morning everyone,
I am still looking at my short position. However, eurusd still consolidating, forming a flag.

I think I won't shift my SL to 1.3450. I am keeping it at 1.3480. For one reason, eurusd may retest this top 1.3450.

Anyway, confirmation of my downtrend view is correct only when eurusd breaks below 1.3330.

The only next thing is patience.

Eurusd update - 07 Dec 2011 Wed

Good morning everyone,
I am shifting my SL to 1.3485 today. Lets hope that I wont get swing out.
Confirmation of the downmove will be when eurusd breaks below 1.3330.

Eurusd update - 6 Dec 2011 Tues

Good morning,

Sorry post came in late. Still holding same view since I shorted at the top as mentioned yesterday.

Once it breaks support, we are in for some good profits.

Cheers

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Eurusd update - 5 Dec 2011 Mon

Good morning,

I expect eurusd to continue to turn down this week.

Therefore, good to pick short around 1.3480 - 1.3500 with slight possibility of testing resistance top at 1.3550. Remember, once it breaks this top, abandon all short view.

I believe once it breaks below 1.3360, it will continue to 1.3210 or even retest the supporr level at 1.3145.

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Eurusd update - 2 Dec 2011 Fri

Good morning everyone,
Still holding short at 1.3490 but will close my short today if market hit the low at 1.3400. I reckon that eurusd may extend another round if it break 1.3520 at tonight NFP.

I would pick long if only eurusd turns down to 1.34000 before NY sessions start. If not I will stay out and rememeber to shift SL to entry if you are able to now.

Happy weekends to all!!

Eurusd update - 01 Dec 2011 Thurs

Good morning everyone,

Again market proved me wrong. Yesterday, six central banks led by the Federal Reserve made it cheaper for banks to borrow dollars in emergencies in a global effort to ease Europe’s sovereign-debt crisis.

I personally felt that this is just a temporary boost to the eurusd. 1 reason is that this move is just going to increase the debts of Europe. If such is the case, they are very similar to US with so much debts. They will also wish to keep their currency low.

So I reckon that eurusd will form consolidation again at this current bottom. 1.3210 - 1.3530. Good to pick short around 1.3480 - 1.3500 with SL just slightly above 1.3530. Target exit is around 1.3280.

Eurusd update - 29 Nov 2011 Tues

Good morning everyone,

I still holding long views until 1.3350 - 1.3400. However there was no trade done yesterday for me. I will find top to sell. Now I just seat on the sideline and wait.

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Eurusd update - 28 Nov 2011 Mon

Good morning everyone,

Eurusd hit our exit on Friday. Got some good profit.

This week, I am looking at eurusd to turn up.
I favour picking long around 1.3250. SL around 1.3200. 1st target around 1.3350 - 1.3400.

Eurusd update - 25 Nov 2011 Fri

Hello everyone,

Yesterday the trade was on the dot.

Shift the SL to entry level and just let the market hit your exit target at 1.3250.
I strongly believe today will be quite a sideway market.

Happy trading!

Eurusd update - 24 Nov 2011 Thu

Good morning everyone,

My view is right yesterday but eurusd is a bit short at the top on reaching my entry level.

Today, I hold a short view but I wish to caution everyone. At 5pm SG time, there is a report on Germany business confidence.

Eurusd may swing a bit. I reckon that it is good to pick short around 1.3400 with SL around 35 pips. Target exit is around 1.3250.
Be on alert when eurusd reach 1.3460, I don't expect eurusd to hit this top. However there is a possibility too. If it really reach this top, good to look out for reversal to short today before US market comes in.

Eurusd update - 23 Nov 2011 Wed

Sorry guys

I keep falling sick lately. Don't really know if it is the weather. Pardon me for this.

Right now, eurusd is consolidating within EMA 200 in the 30mins timeframe.
Anyway, I favour picking short when eurusd retrace to 1.3550. SL around 25 pips. Breaking below 1.3420 will be our confirmation of eurusd going down further.
However, breaking above 1.3570 may be a sign of eurusd turning up, so be cautious of this resistance level.

Eurusd update - 18 Nov 2011 Fri

Good morning everyone,

Eurusd is forming a flag right now and looks prone to climb higher.

Good to pick long if eurusd breaks above 1.3540 and stay above it. With SL around 50 pips. Target exit is around 1.3700.

However, abandon long views and turn short if eurusd breaks below support at 1.3420.

Eurusd update - 17 Nov 2011 Thurs

Good morning,
Eurusd will likely continue to drop further today.

Good to pick short around 1.3475 - 1.3485. SL around 50 pips. Target exit is around 1.3330 - 1.3350.

Eurusd update - 16 Nov 2011 Wed

Good morning,

Eurusd broke support level at 1.3480. I expect eurusd to do a retracement upwards first before breaking but it broke down first.
Right now I am looking at support levels at 1.3350 and 1.3150.
And immediate resistance now at 1.3480.
So I am staying out and waiting for new opportunities.

Eurusd update - 15 Nov 2011 tues

Good morning

Sorry was down with a bad cold yesterday.

I think probably because of weather change. Singapore have been raining everyday for almost 2 weeks.

Anyway I favor picking around 1.3580 region. SL around 50 pips. Exit around 1.3700.

Eurusd update - 11 Nov 2011 Fri

Good morning everyone,

People asked me if it is difficult to trade right now. I said yes very difficult. Especially now where markets are do sensitive to fundamentals.

Eurusd again showed confusing trend. If it climbs above 1.3680 and stay well above this level, we are looking at eurusd to turn up. This is a good resistance level. If eurusd forms a reversal at this resistance level, good to pick short.
However, to confirm the downtrend, it must break below yesterday low 1.3480 and stay well below it.
Therefore, good to go for short trade, getting out with good profits.
I still favor shorting at the moment.

Eurusd update - 10 Nov 2011 Thurs

Good day,

Another fundamental news that drive eurusd down.

Right now, eurusd will go for another day drop. 1st resistance that eurusd may test is 1.3600. Good to pick short around that level. Or good to short if it breaks below yesterday low again at 1.3520.

Eurusd update - 9 Nov 2011 Wed

Today, I expect eurusd to retrace back to 1.3780. Resistance level is still strong round 1.3855.
I favor picking long around 1.3780 with SL around 50 pips. Target exit remains.

Eurusd update - 8 Nov 2011 Tues

Good afternoon,

Sorry for the late update. Anyway my view is unchanged. Still holding yesterday view.

Happy Trading!!

Eurusd update - 7 Nov 2011 Mon

Good morning,

I am back. Took some time studying the chart.

I expect eurusd to climb up to 1.3950 regions.
On the bottom, eurusd should reach 1.3710 - 1.3740.
I favor picking long around 1.3730, SL below 1.3700. Target exit is around 1.3950.
2 things to note if eurusd breaks 1.3700, abandon this long view. If view correct, eurusd may go higher, this will be evaluated as we move on.

Notice

Hello everyone

I am currently engaged in some things. That was why I wasnt online and looking at market and giving updates.
Pardon me for not informing everyone and I sincerely apologise.
I will be back again next week from 6th Nov.
Anyway, last month was a bad month.

Eurusd update - 31 Oct 2011 Monday

Good morning everyone,

This week, I expected that eurusd will continue to climb higher but there might be a lot of swings while making its way up.
This will be a difficult time to trade.
However, I would favour picking long around 1.4000 - 1.4030. SL around 50 pips. Target exit for this week will be around 1.4400 - 1.4450.

Eurusd update - 28 Oct 2011 Fri

Good morning,

Yesterday is really wild. Well I didnt manage to trade it.

Anyway today, I think eurusd may swing within 1.4105 - 1.4250. I favour picking long around 1.4105. SL 50 pips Target exit is around 1.4250.

Eurusd update - 27 Oct 2011 Thu

Hello everyone,

Sorry been busy and not able to write update. Didnt trade much too these 2 days.

Today, I am staying out as eurusd has broken the consolidation range 1.3800 - 1.3975 at such hour. Seems to early to move 100 over pips.

If I were to trade, I would pick short for this but I would prefer to stay out.

Notice

Hello guys

Sorry I was out since morning. Haven't see the chart yet, so I am not giving an update today.

I will be back tomorrow. So sorry about it.

Eurusd update - 24 Oct 2011 Mon

Good morning everyone,

The summit did not have any concrete plans on the rescue of the euro debts.

Looks like eurusd will be turning down today.
Good to pick short if eurusd retest resistance level at 1.3900 and fail to break above it. SL just above 1.3900.
Target exit is around 1.3700.

Eurusd update - 21 Oct 2011 Fri

Good morning everyone,

Yesterday my entry missed by 1 pip!!

Anyway, this weekend is European Union summit. It is good not to hold any position.

Today, I will not enter any trade and wait for weekend news. For those that already having a long, dont hold. Take profit if eurusd reach 1.3800.

Eurusd update - 20 Oct 2011 Thu

Good morning everyone,

Yesterday no trade was done. With the current situation as European leaders still could not come to agreement with the current debt crisis, we are looking at eurusd to consolidate further. Consolidation range is with 1.3650 - 1.3900.

Today, I reckon that eurusd will continue to fall to 1.3650. I am looking to pick long at this level and SL around 40 pips. Target exit is around 1.3850.
Be cautious if eurusd breaks below 1.3650 as this will be a confirmation of a downtrend.

Eurusd update - 19 oct 2011 Wed

Hello everyone

Yesterday SL was triggered again and after that it turned up.

Today I am pick long again near 1.3650. SL 40 pips. Target as mentioned will trade back 1.3900

Eurusd update - 18 Oct 2011 Tue

Good morning everyone,

I at the airport going for a short break at Taiwan. I will still continue to update and watch the market.

Yesterday, eurusd went all the way down to 1.3725.
It definitely triggered my stop.
I am looking to re-enter long. Looking to pick long around 1.3725. SL around 30-40 pips.
I expect eurusd to retest 1.3900 regions.

Eurusd update - 17 Oct 2011 Mon

Good morning everyone,

Currently eurusd is hit with good fundamental news that push eurusd higher.

I reckon that eurusd may go to a high 1.4000. I favour looking for long around 1.3800. If market goes below, I will pick long again around 1.3700.

Look out for these 2 levels to go for long entries. In the meantime, just be patient to wait for market to reach these levels.

Eurusd update - 14 Oct 2011 Fri

Good morning everyone,

Everytime when market consolidates, it is always very difficult to trade as a trend trader.
My long position was triggered.
Right now, eurusd is trading in range, 1.3685 - 1.3830 and yesterday's candle shows a reversal.

I will take this top 1.3830 as my current resistance level and pick short if eurusd fails to break it. SL at your discrepencies. I believe we will have to hold our position over weekend and target will be back to 1.3400.

Eurusd update - 13 Oct 2011 Wed

Good morning everyone,

This is definitely going to be frustrating to many as eurusd continues to climb higher after being boost by fundamentals.

Today or tomorrow we will expect ECB to roll out some of their recapitalization plan.

I expect eurusd to trade a bit of sideways range 1.3750 - 1.3835 until the plans are release or until tonight US fundamental news. If US fundamentals remain bad, eurusd will likely continue to go higher too.

However, topside is limited at around 1.3975 which is close to psychological level 1.4000. Therefore, I do expect another climb, good to pick long if eurusd trades to 1.3750 region with SL 50 pips. Target is as mentioned to reach 1.3975.

Eurusd update - 12 Oct 2011 Wed

Hello everyone,

Nothing much to say as eurusd is trading in rangebound 1.3565 - 1.3700. Still holding short position and view still remains the same.

Eurusd update - 11 Oct 2011 Tues

Good morning everyone,

I shorted yesterday and was kicked out by eurusd.

I still favour picking short again around 1.3680 - 1.3700. SL around 30 - 40 pips. Target exit is around 1.3500.

Eurusd update 2 - 10 Oct 2011 Mon

Hello everyone,

Finally, eurusd reach my target price at 1.3600. I personally feel that eurusd will turn down. I have shorted this market at around 1.3590 with SL around 1.3610. With expectation that eurusd will start turning down.
If my view is right, this is a good trade with good risk/reward ratio.

Eurusd update - 10 Oct 2011 Mon

Good morning everyone,

This week, we will likely see eurusd continue to weaken.

Right now, eurusd is in my favour level for shorting which is around 1.3450 - 1.3480. SL 50 pips. i expect eurusd to fall back to 1.3100 and this time, it will test 1.30000.

Eurusd update - 7 OCT 2011 Fri

Good morning everyone,

Yesterday, Eurusd broke up higher. I actually turn long around 1.3275. Eurusd already formed 4 top, eac higher than another while the bottom is always higher than each other.

Today, I expect Eurusd to lower to 1.3390 region. SL aroun 50pips. Target exit is around 1.3600.


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Eurusd update - 6 Oct 2011

Good morning everyone,

Eurusd is currently consolidating within a range 1.3260 - 1.3375. I can say we relax and watch the market, let's wait until market breaks either direction then we enter trade. In the meantime, market definitely will swing us out if we keep taking sides.

Well, when I say sides it is meaning euro side or US side. Its the battle of the currency now! Which side will emerge victorious in keeping their currency weaker? Lets wait.

Eurusd update - 5 Oct 2011 Wed

Good morning everyone,

Sometimes when trading I will feel like going Aaaaarrrrrgggghhhh...
Esepcially cases like last night. When eurusd rose after Bernanke said that they may stimulate the economic growth.

Anyway, today trading is quite hard. Topside immediate resistance is at yesterday high around 1.3370 and 2nd resistance around 1.3410.
However support is at the current low right now1.3263.
I believe today, eurusd may do some swing. However, I will still favour picking a short, therefore, if eurusd failed to break the 1st resistance around 1.3370 and form a reversal, I will go for short, SL 50 pips. With target exit back to 1.3150.

Eurusd update - 4 Oct 2011 Tues

Good morning everyone,

My sincere apologises. I meant short yesterday. I did an edit and hope that everyone did saw the edit below.

Anyway, eurusd has reached my target. Another good trade.
I believe the next strong support is at the psychological level 1.3000. Therefore, I expect eurusd to consolidate after hitting 1.3000. So good to pick short today, when eurusd retrace to 1.3230 - 1.3250. SL is around 50 pips. Target exit is around 1.3000 - 1.3050.

*Hello guys, good to pick short also if eurusd breaks support at 1.3160. SL remains at 50 pips. Target exit remains at 1.3000.
*Hello everyone, just to inform everyone this late that I have just shorted eurusd at 1.3265 after a reversal formed. I still think eurusd will still turn down.

Eurusd update - 3 OCT Mon

Good morning everyone,

I am at KL now but still network for myself. So Eurusd open gap down, I believe Eurusd will retract to1.3370 - 1.3390, good to pick long around these levels. SL around 50 pips. Target exit will be around 1.3200.

*Guys it's short and not long!!! I am so sorry.


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Eurusd update - 30 Sep 2011 Fri

Good morning everyone,

Yesterday, I manage to catch a short at 1.3660 before I rush out to give a small talk. Sad to say, I didn't manage to update here. Anyway, congrats to those who caught it too.

Today, eurusd is likely to turn down further. Good to pick short around 1.3610 or when eurusd breaks below 1.3550. SL around 50 pips. Target exit is around 1.3475.

Eurusd update - 29 Sep 2011 Thurs

Good morning everyone,

Yesterday I manage to have a break even trade, meaning 0 loss only after shifting my stop.

Today, I have 2 alternatives to pick short.
1st is to pick short around 1.3575 with SL 50 pips. Target exit is around 1.3420.
However, if eurusd climbs further, I favour picking short again around 1.3610 with 50 pips SL. Target exit is around 1.3450.

Eurusd update - 28 Sep 2011 Wed

Good morning everyone,

Looks like eurusd still in consolidation stage. I would be picking short today from 1.3620 - 1.3650. SL around 40 pips. Target exit is around 1.3450.

*Hello everyone, I too make mistakes and have indecisiveness at times. Reason for saying this is that right now, eurusd is turning down. However, I am viewing it as a retracement so I have pick long around 1.3570 with SL around 1.3540. Target is back to my 1.3800.
I am abandoning my short view for today.

Eurusd update - 27 Sep 2011 Tues

Good morning everyone,

Sorry been busy today. I wasn't able to see the chart and do my update here until now.

Anyway, eurusd has broken the resistance at 1.3550. Since I am holding a long yesterday till now, I am staying put.

For those who wish to pick long now, SL is a bit wide about 80 - 90 pips to prevent the swing. However, target remains the same at 1.3800.

*I have just closed my position with 100+ pips profit. I see eurusd forming multiple antennas. There is a possibility of eurusd reaching back my entry level, so money in the pocket first. I will have to hunt for new entry again later. Will keep everyone posted if got any new trades.

Eurusd update - 26 Sep 2011 Monday

This week, eurusd has a possibility to turn up this week. After the meeting, IMF said they are ready to support Euro nations in their efforts to resolve the region's sovereign debt crisis.

However, the chart outlook is more prone that eurusd will turn down further.
I also favour eurusd to turn up. I favour picking long again if eurusd test support level at 1.3420. SL around 40 pips. Target exit is around 1.4000.

*Hello Everyone, target exit is a mistake. It should be 1.3800, NOT 1.4000. Thanks to Ai Shiang for spotting it. Anyway, eurusd has broke my support. I guess what we can do tomorrow.
In the meantime, I might not want to pick short because the stop loss can be pretty high up. So I am waiting for better chance.
Eurusd has formed a reversal. I am picking long with SL at 1.3360. I expect eurusd will reverse up from here. Expected target will be around 1.3800.

Eurusd update - 23 Sep 2011 Fri

Good morning everyone,

I strongly believe past 2 days were just an act to trigger some positions in the market.
Well, it definitely frustrated me a bit too.
Anyway, I believe sentiments should be more calm now since US is already in deep trouble.
So I favour picking long around 1.3450 if eurusd forms a reversal at this level. SL will be around 50 pips. Target exit is around 1.3800.

Eurusd update - 22 Sept 2011 Thurs

Good morning everyone,

When I wake up and look at eurusd, my eyes nearly popped out. I am dumbfounded. Must be some fundamentals again that rock this pair. Anyway, I am still in profit for the month.

Today, eurusd may drop further but I am quite skeptical about the movement. I am staying on the sideline this time again. Because there will be a meeting of finance ministers from the BRIC emerging nations -- Brazil, Russia, India and China -- in Washington on 24 Sept. Therefore, eurusd may swing again but I do favour eurusd to strength from the BRIC rescue.

Eurusd update - 21 Sep 2011 Wed

Good morning everyone,

Yesterday long position is still holding strong.

Today, I favour picking long again around 1.3650 with SL 50 pips. Target exit remains at 1.4050.
Alternatively, I also favour picking long when market breaks above 1.3745 with SL 50 pips. Target exit also at 1.4050.

Eurusd update - 20 Sep 2011 Tues

Good morning everyone,

Sorry abit late today. Anyway, just a quick update.

Today, I favour picking long around 1.3600 SL around 40 pips. Target exit is around 1.4050.

Eurusd update - 19 Sept 2011 Mon

Good morning everyone,

This week, eurusd will likely climb up to 1.4050 - 1.4100 before the downtrend resume again.
On Monday, I expect eurusd to retrace to 1.3650 before turning up to the targeted top as mentioned.
Good to pick long around 1.3650 with 50 pips SL. Target exit is around 1.4050.

Eurusd update - 16 Sept 2011 Fri

Good morning everyone,

Yesterday, I calculated, from tuesday till thursday, all 3 entries reach target and close. I am looking at 800 pips.
Well, too bad, I manage to capture entries on Wed and Thurs. This is what trading is about.
I also realise I have not made any trade this whole month!! These are my maiden trade for the month. Nice! Patience pays!

Anyway, I expect eurusd to climb up higher but topside has limited room. The highest I believe it can go is 1.4050 before turning down. I favour picking long only if it retrace to 1.3825 with SL 50 pips. Target exit 1.4050.
Or wait patiently and enter only if it breaks above 1.3935.

Eurusd update - 15 Sep 2011 Thur

Good morning everyone,

Still holding on to my position. Today, I expect eurusd to test 1.3710 before turning up. Good to pick long around 1.3700. SL around 50 pips. Target exit is around 1.3900 - 1.3950.
Remember to shift SL to breakeven for those holding previous position.

Eurusd update - 14 Sep 2011 Wed

Good morning everyone,

Yesterday, eurusd dropped and missed my entry by 8 pips!

Today, I expect eurusd to drop to 1.3605 before turning up. Good to pick long at this bottom. With stop loss around 50 pips. Target exit remains at 1.3900.

Eurusd update - 13 Sept 2011 Tues

Good morning everyone,

The last weekend we had another successful launch of world-GTI at Kuching. Anyway, its good to see our associates in Kuching.

Eurusd looks prone to turning up for a recovery after 10 days of dropping.

I favour picking long if eurusd retest support at 1.3550 with SL about 50 pips. Target exit is around 1.3900 once it breaks 1.3700.
Alternatively, good to pick long when eurusd breaks 1.3700 SL around 50 pips. Target exit is around 1.3900.

Notice

Hello everyone,

I am currently not in Singapore. Please stay tune of my update resuming tomorrow.


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Eurusd update - 09 Sep 2011

Good morning everyone,

Eurusd broke my support again. Movement only came in the NY session.

Today I reckon picking short around 1.3970 with SL 50 pips. Target exit around 1.3840.

Eurusd update - 08 Sept 2011 Thurs

Good morning everyone,

After 5 years of trading and learning through my experiences, I truly believe trading needs to have a lot of patient. I have been patiently waiting for eurusd to have clearer signs. Right now eurusd is forming consolidation. Topside resistance is around 1.4130 regions and bottom support is around 1.3970.

Today, I going to pick long if eurusd retest support at 1.4010. SL - 1.3960. Target exit is around 1.4130.

Eurusd update - 07 Sep 2011 Wed

Hello everyone,

Yesterday eurusd hit my target top within 4 hours and turned down again breaking my target bottom.
In such cases, usually I just remain sideline as I mentioned I will not chase market. Many who chases market have a high chance of losing money. I personally learn it through the hard way.

Words of wisdom: "Market is always open, so be patient even if you misses some opportunity. Trading is like a game. We are here to trade and win, not to lose."
Remember this always!

Today, I reckon that eurusd may take a turn up but I will wait for market to form the reversal to confirm. Basically, I will pick long if eurusd shows reversal without breaking support at 1.3972.

Eurusd update - 06 Sep 2011 Tue

Good morning everyone,

A very quick update today.

Eurusd came down yesterday without any retracement. Right now, I am waiting for eurusd to reach my target bottom before picking long. I am waiting for reversal to pick long on eurusd. So right now, I am stay out since I have missed the short, I won't want to chase the market.
So my target bottom remains around 1.4020 - 1.4050 regions.

Eurusd update - 05 Sep 2011 Monday

Good morning everyone,

There is a high chance of eurusd to turn down to test support at 1.4020 before turning up again.

On Monday, I expect eurusd to climb back to 1.4250 before turning down further. So good to pick short around 1.4250 with SL around 1.4290. Target exit is around 1.4020.
Be cautious if eurusd trigger our SL because it has a high chance of going to 1.4350 before turning down again. So don't chase market if eurusd breaks above our SL level.

Eurusd update - 02 Sep 2011 Fri

Good morning everyone,

Yesterday eurusd came down was not what I expected. I forecast a turn up before the tumble, the fellow just drop first before doing any retracement upwards.
Sometimes, trading can be frustrating to me too but we must be calm and cool. Thats why my master ever told me and I remember clearly, a good trader is a good poker player. Get it?
And by now, if you look at the PnL page, you will realise that the total month of aug is still in profit even though there are more losing trades. This is good risk/reward ratio in our trading method.
Therefore, trading with good risk management is very important. Remember that!

Today, I am staying on the sideline as tonight is non farm payroll. I expect market to swing big time tonight and then I will decide my move next week!

Eurusd update - 01 Sep 2011 Thu

Good morning everyone,

Eurusd turned down only during NY session, due to fundamentals. No trade was done as I took order out after 7pm SG time.

Right now, eurusd is testing the support at 1.4350. However, eurusd may go lower today to test 1.4325 before turning up again. Good to hunt for long if eurusd drop to this level and reverse. Target top is around 1.4440.

Eurusd update - 31 Aug 2011 Wed

Good morning everyone,

Yesterday eurusd broke my support level, I went in at 1.4484 with 50 pips stop. I have exit at 1.4412 after I see the consolidation at the bottom.

Today, I expect eurusd may turn up. Therefore, I favour picking long around 1.4400 with 25 pips stop. Target exit is around 1.4520.
Don't compromise on the stoploss as market will continue lower if it breaks below 1.4385.

Eurusd update - 30 Aug 2011 Tues

Good morning everyone,

Eurusd did not reach my entry bottom yesterday but managed to climb to my target top.
Right now, eurusd is consolidating.

I favour only to trade when eurusd breaks out of either end at 1.4484 or 1.4438. Meantime, I would just let it consolidate.

Eurusd update - 29 Aug 2011 Monday

Good morning everyone,

Last Friday, my trade was protected by my stoploss.

This week, looks like eurusd may turn up shortly before it reverse again. Anyway, right now, its good to pick long around 1.4420 - 1.4440 with 50 pips SL. Target exit is around 1.4550.

Eurusd update - 26 Aug 2011 Fri

Good morning everyone,

Yesterday, eurusd broke support at .14375. However, eurusd is supported at 1.4320 and today, market is aniticpating the speech by Fed chairman Bernanke.

Anyway, I still holding on my short view on eurusd. I shorted eurusd at 1.4465 yesterday. Therefore, shift all stop to entry level to protect the position. Today, eurusd may stay sideway until tonight's speech.

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Eurusd update - 25 Aug 2011 Thurs

Good morning everyone,

Yesterday eurusd fell to 1.4375 after failing to break 1.4500. I took a short at 1.4468 with small stop at 1.4490 and lucky enough, eurusd climb higher to 1.4481, never trigger my stop and turned down.

Today, I reckon that eurusd may climb back to 1.4470 region again. Good to pick short around this region. Stop can be place around 1.4490. Or pick short if eurusd breaks below support at  1.4375.
Once eurusd breaks below, we are certain to see 1.4200 before the week close.

Eurusd update 2 - 24 Aug 2011 Wed

Good afternoon everyone,

German IFO business climate and Industrial New Orders was lesser than expected after their release at 4pm and 5pm SG time. Furthermore, there was more than 40,000 job cut by European banks.
Technically, euro currency should weaken further after such news. however, eurusd shoots up to 1.4469, if eurusd fails to break 1.4500 in the next candle and forms a reversal. It is good to pick short.
Remember to put your stop. I believe eurusd will fall back to 1.4200 this week.

Eurusd update - 24 Aug 2011 Wed

Good morning everyone,

Yesterday eurusd pulled up to 1.4500 and form a pincer.

Till now, eurusd seems bullish but it is consolidating. Topside resistance is strong as eurusd continues to test the top at 1.4500 but fail to break out from it.

I stil favour a weakening euro but we have to be patient with it. RIght now, I favour only picking short if eurusd retest 1.4500 or when eurusd breaks support level at 1.4375.

So stay patient and wait for eurusd to signal us.

Eurusd update - 23 Aug 2011 Tues

Good morning everyone,

Yesterday eurusd touched my entry level just before my order was cancelled. It continued to drop slowly over the night.
Today, I am taking a punt and holding my position while shifting my stop to my entry. I am picking short again at 1.4400 with SL 45pips. I am shifting my target exit to 1.4150.

Eurusd update - 22 Aug 2011 Mon

Good morning everyone,

Last week, our Gold Trading Indicator that was just launched 2 weeks ago, had a good record of 50% profit!
This is definitely a good robotic system that use our system less human emotions and psychological barrier. Those interest to know more let me know.

This week, I believe eurusd will continue to consolidate. Therefore, eurusd will likely turn down this week.

On Monday, I expect eurusd to turn down. Good to pick short around 1.4420 with 40 pips stop. Target exit is around 1.4200.

Eurusd update - 19 Aug 2011 Friday

Yesterday eurusd came down as forecast but did not reach my entry level. No trade done.

Today, I expect eurusd to continue falling. I favour picking short around 1.4365 region with SL around 50 pips. Target exit is around 1.4100 region.

Eurusd update - 18 Aug 2011 Thursday

Good morning everyone,

Ai Shiang ask if I still holds a short view. Well, I still hold a short view on eurusd. I will give a personal analysis of these two currencies. This is just a personal opinion, feel free to share your opinions guys!

In my personal opinion, both currencies are a battle of who can keep the currency weak and euro zone with so many countries and now using borrowings to keep the countries from default is definitely not an easy task to sustain. Furthermore, not many countries in euro is able to support the debt crisis, mainly Germany and France only.
So will there be more countries falling in the debt crisis? ECB definitely cannot let euro continue to strengthen right?
However, US currency is already quite low and their debts are already a mountain high and no doubt that they are already having a recession and they are still in. Keeping zero interest and was downgraded by Moody but US currency is still not weakening but trading low at the support. If you look at US dollar index, it has been consolidating at the support.
So now which currency have a higher chance of weakening more?

Therefore, today, I still favour picking short around 1.4475 with SL 50 pips. Target exit is around 1.4350.

Eurusd update - 17 Aug 2011 Wed

Good morning everyone,

Yesterday no trade was done as eurusd only swing up to the entry level around midnight. Usually, I place order right until before NY sessions.

Today, I hold a short view. I favour picking short around 1.4420 region with 50 pips SL. Target exit is around 1.4200.

Eurusd update - 16 Aug 2011 Tuesday

Good morning everyone,

Yesterday movements were mainly fundamental-driven. It was due to expectations from traders that something will be decided at tonight’s meeting between France and Germany’s leaders on the pan-European bond issue.

Overall, eurusd still looks bearish to me, one reason is that the whole debt crisis may not be over. We have seen over the years how this whole crisis spread 'contagiously' and I believe ECB will also wants to keep their currency weak.

Therefore, I still favour looking for short and I favour picking a short near 1.4460 with SL 40 pips. Target exit is around 1.4120.

Eurusd update - 15 Aug 2011 Monday

Good day everyone,

Eurusd had been trading sideway for the past 2 weeks.
I favour a bearish eurusd but fundamentals may change the trend.

Monday, I favour eurusd to test top 1.4300 before turning down. This will be the level for me to pick short with SL 50 pips. Target exit is at 1.4120.

Eurusd update - 12 Aug 2011 Friday

Good morning everyone,

Yesterday, eurusd didnt trigger my SL but my target exit is not triggered too.

Today I still hold a short view of eurusd. However, there is possibilities of eurusd to move higher before turning down again. Therefore, after much consideration, I took profit.
I am looking for short if eurusd retest the resistance top at 1.4240 with 50 pips stop. Target exit remains at 1.4050.

Eurusd update - 11 August 2011 Thursday

Good morning everyone,

Yesterday putting a exit target of 200 is already quite wide. However, eurusd really proved me wrong by dropping 280pips!! Amazing, how fundamentals affect eurusd so much.

Anyway, today, I still expect eurusd to drop further. Good to pick long around 1.4250 with 50 pips SL. Target exit 1.4050.

Eurusd update - 10 Aug 2011 Wednesday

Good morning everyone,

Eurusd really can swing. Previous profit got triggered at 0 loss and yesterday lost after eurusd swing up higher.

Right now, eurusd is forming consolidation, so be cautious resistance level at 1.4400.
Today, I favour short at 1.4375 with SL around 50 pips. Target exit at 1.4200. However, if eurusd breaks above the resistance, eurusd may go for an extension upwards.

Eurusd update - 9 August 2011 Tuesday

Good morning everyone,

Today in Singapore is a holiday. We are celebrating our national day.
To me is still another ordinary day because market is open and there are much more opportunities to trade! Especially when riding on the right trend!
Those still holding short like me, you may wish to shift SL to our entry level at 1.4370.
Right now, I expect eurusd to continue falling and favour picking short entry around 1.4265 - 1.4285 with SL 50 pips. Target exit remains at 1.4100.

Eurusd update 2 - 8 Aug 2011 Monday

Good morning everyone,

I have a special update as eurusd open with a big gap up and turn down. I favour eurusd to turn down. However, we don't jump the wagon and chase the market blindly.

Good to pick short still but favour picking short around 1.4370 with 50 pips SL. I expect eurusd to turn down to 1.4100, breaking 1.4050 will bring us to lower levels which may hit 1.38 regions.

Eurusd update - 8 Aug 2011 Monday

Good morning everyone,

Last week, eurusd was wild to me but I still manage to make some profits.

Anyway this week, eurusd will likely test resistance level at 1.4320 before turning down.
On Monday, good to pick short at this top. SL around 50 pips. Target exit is around 1.4100 - 1.4150.

Eurusd update - 5 August 2011 Friday

Good morning everyone,

Yesterday, euro was hit with some bad fundamentals and eurusd fell 300 pips. Finally reaching my target bottom for the week. I do favour eurusd retracing higher back to 1.4250 regions after hitting this bottom.

Today, I reckon that eurusd may stay sideway until tonight US fundamental news. With a view that eurusd will trade higher. Therefore, without breaking support at 1.4050, good to pick long but abandon long views if eurusd breaks below 1.4050.

Eurusd update - 4 August 2011 Thursday

Good morning everyone,

Yesterday eurusd went shooting to the moon. This is due to some speculations that the Fed will increase monetary stimulus to counter a slowdown in US economy.

Today, I reckon that eurusd will continue to climb higher. However, right now, eurusd seems to be turn down forming a pincer top. This is a deception. Eurusd is likely doing a retracement to test support at 1.4290. Therefore, good to hunt long around this region. with SL 50 pips. Target exit is around 1.4450.

Eurusd update - 3 August 2011 Wednesday

Good morning everyone

Yesterday eurusd fell without retracing to our target top.

Today, I expect eurusd to pull back to 1.4230 - 1.4250. Good to pick short around this regions with SL about 50 pips. Target exit is around 1.4050.

eurusd update - 2 Aug 2011 Tues

Good morning everyone,

Yesterday eurusd fell as forecast. I took profit around 1.4240 at 1230am Singapore time.
For those still holding short, it is strongly advise to move your stoploss to your entry level.
Today, I expect eurusd to turn down further but eurusd may go sideway until tonight when US market opens. In any case if eurusd climb to a high 1.4320 - 1.4340, good to pick short around this regions. SL around 50 pips and target exit is around 1.4150. Ultimate target is as mentioned to reach 1.4050 - 1.4100.

Eurusd update - 1 August 2011 Monday

Good day everyone,

Last week eurusd close as a doji.

This week, 2nd August is the deadline for US debts. Eurusd may trade sideway until 2nd August. I favour eurusd to drop this week with expectation that eurusd will retrace to 1.4400 region before turning down.

So good to pick short if eurusd reach 1.4400. SL 50 pips. Target will be around 1.4050 - 1.4100.

Eurusd update - 29 July 2011 Friday

Good morning everyone,

Yesterday I apologise, I wasnt able to do any updates as I was busy out the whole day. Due to this, I didnt trade either.

Today, despite the fact that I favour turning short, I would recommend staying out until next week as today eurusd might just swing for another day. Anyway, next week, we will likely see big movement or clear direction due to some fundamentals, like the US debt deadline and some major news.

Eurusd update - 27 July 2011 Wednesday

Good morning everyone,

Yesterday, my 2nd scenario really came true. Eurusd went up without retracing down first.

Topside is quite limit. 1st resistance is around 1.4570. However, latest news stated that President Obama threatens to veto house speaker Boehner's debts plan shows that US is still trapped in its debts deadlock and could drive eurusd higher.

In such case, I favour picking long if eurusd retrace to 1.4475. SL 50 pips and target exit is around 1.4650.

Eurusd update - 26 July 2011 Tuesday

Good morning everyone,

Yesterday, eurusd reached the entry level but havent trigger our stop loss or profit target.

I still favour holding short view that eurusd will reach 1.4250 regions. So those still holding short, wait for eurusd to reach target today. However, stay cautious if eurusd breaking above 1.4440 due to fundamentals.

Eurusd update - 25July 2011 Monday

Good morning everyone,

Looking at chart pattern, There is a high possibility that eurusd will turn down. However, look out for resistance level 1.4440. If eurusd break above be cautious. Therefore it is good to pick short around 1.4390, SL 50 pips. Target exit 1.4250.

Eurusd update - 22 July 2011 Friday

Yesterday, SL was triggered before eurusd went up to hit the target!
Well, there is no 100% in trading, this is when I like to say shocking bad luck. haha!

Today, we expect eurusd to continue climbing. I expect a retracement to 1.4330 before turning up. So good to pick long around 1.4330 with SL around 50 pips target exit is around 1.4480.
However, in any case if eurusd did not retrace to 1.4330.Good to pick long if it breaks 1.4438.

Eurusd update - 21 July 2011 Thursday

Good morning everyone,

Yesterday eurusd went up as forecast.

Today is a very important day as there will be an EU summit. Eurusd may stay on a sideline until tonight US session.

I would favour picking long still around 1.4200. With stoploss around 50pips. Target exit is around 1.4350.

Eurusd update - 20 July 2011 Wednesday

Good day,

Yesterday swing was good. Made another 100pips profit!

Today, I favour picking long again around 1.4130 - 1.4150. With stoploss around 50 pips. Target exit is around 1.4250.

Eurusd update - 19 July 2011 Tuesday

Good morning everyone,

Sorry was not able to give an update for yesterday.

Anyway, yesterday's eurusd really swings widely. Right now, everyone is waiting for the summit on 21 July. I believe market will have a lot of speculative news and eurusd will likely retrace higher.

Today, I favour picking long around 1.4075 with stoploss around 50 pips. Target exit is around 1.4175.

Eurusd - 15 July 2011 Friday

Good morning everyone,

Right now fundamentals are affecting the market so much. Euro currency are turning weak due to the sovereign debt crisis. US aren't looking good either.

Today, I favour a weakening euro currency. Therefore I favour looking for short at the moment. Good to pick long when eurusd reach a high 1.4215 or if eurusd breaks below 1.4115. Stoploss around 50 pips. Target exit is around 1.4000.
If my view is right, eurusd will likely break the previous low 1.3837 and go for 1.3600 regions.
Be cautious of tonight's economic data as eurusd may swing.

Eurusd update - 14 July 2011 Thursday

Good morning everyone,

So sorry couldnt do any forecast yesterday. I have to rest throughout the day. After a good trip also feels tired but it is definitely refreshing for the mind.

Anyway, I am in awe when I saw how eurusd moved. Again I have missed such a long trading day. but to me, most important is not missing such trades but able to make consistent profits.

So today, good to pick long on eurusd around 1.4200 with sl around 50 pips. Target exit is around 1.4350.

Eurusd update - 11 July 2011 Monday

Good day everyone,

I am doing a forecast early because tomorrow I will be leaving for an oversea trip.
I am going to give a weekly outlook before I go.

Eurusd is still trading within a consolidation range. This week, we are looking at support level at 1.4115. Resistance level remains at 1.4500.

I favour a bear trend this week. However, eurusd is still trading within a consolidation. So I really recommend trading only when eurusd breaks extreme ends, showing clear direction then we go for the catch.

Eurusd update - 8 July 2011 Friday

Good morning everyone,

Eurusd formed another leg down yesterday but closed as white candle up.Right now, eurusd is still in a consolidation range.

Today, I expect eurusd to turn back up. Good to hunt for long when eurusd retrace to
1.4295. Stoploss around 50 pips with target exit around 1.4450.

* An important note, next week on the 10 July, I am going oversea for a short trip. Therefore, I not be able to update on 11 and 12 July. So take this time, have a break. See you guys back on 13 July!

Eurusd update - 7 July 2011 Thursday

Good morning everyone,

Yesterday, eurusd pulled up to the high as mentioned and turn down lower than our target to 1.4286.

Today, looking at eurusd formation, I expect eurusd to pull up for a correction, provided eurusd breaks above 1.4340. So good to trade long if eurusd breaks above 1.4340 with 50 pips stoploss and target exit is around 1.4400.

Eurusd update - 6 July 2011 Wednesday

Good day everyone,

Eurusd has broken our support level at 1.4460.

Today, good to pick short around 1.4460 - 1.4480 with stoploss around 50 pips. Target exit is around 1.4300 - 1.4350.

Eurusd update - 05 July 2011 Tuesday

Good morning everyone,

Yesterday eurusd traded only about 70 pips.

Right now, eurusd has a very uncertain direction, seems to be just swing and forming a channel at this top. However, I can see that eurusd has formed a head and shoulder formation with 1st resistance level at 1.4553 and 2nd resistance at 1.578.
Eurusd has also broke the support level at 1.4500 but support by the 2nd support level at 1.4460.

So just be patient and wait for a clear direction when eurusd break either extreme ends.

Eurusd update - 4 July 2011 Monday

Good morning everyone,

Last friday, eurusd swung wildly. Looking at the chart, this week we are looking at eurusd to climb higher and we might even see eurusd to reach 1.4900 near the top at 1.4940 on 4 May.

Monday, eurusd may do a small consolidation with 1.4450 - 1.4550 but I favour picking long around 1.4470 regions with stoploss around 50 pips. Target exit is around 1.4600.

Eurusd update - 1 July 2011 Friday

Good morning everyone,

Its a new month again! And yesterday when eurusd did not come to my entry level and started to climb to 1.4520, I see that my opportunity have left. However, now I am glad because eurusd actually forms a reversal sign and close back at 1.4474.

Today, I expect eurusd to be a bear day. However, there may be some consolidation because eurusd is likely going to reversal. So good to pick short around 1.4500 - 1.4520 with stoploss at 50 pips. Target exit is around 1.4400.

Be cautious if eurusd breaks above 1.4540 as this will show that eurusd is still bullish and yesterday's candle might just be a false reversal since eurusd has been climbing for so many days.

Eurusd update - 30 June 2011 Thursday

Good morning everyone,

Yesterday eurusd broke my resistance level at 1.4400 and climbed after expectations that ECB will continue to raise interest rates next week and the immediate risk of default by Greece had subsided.

Today, we reckon that breaking this resistance will bring us higher but there is a Greek debt crisis vote later, so eurusd may stay sideway.
Anyway, at the moment, eurusd have little room at the top as the next resistance level is at 1.4500 and 1.4650. At the bottom, immediate support level is at 1.4415 and next support level at 1.4325.

I reckon that today, eurusd will test support at 1.4415 and turn up further. So good to pick long at this level with 50 pips stoploss and target exit is around 1.4500 - 1.4550.

Eurusd update - 29 June 2011 Wednesday

Good morning everyone,

Yesterday eurusd climb up as forecast and reached close to target 1.4400.
However, eurusd remains in the consolidation range. 1.4100 - 1.4400.

Today, my view is still the same as long as eurusd remains within the consolidation range. Therefore, trade within range and wait for eurusd to breakout to pick direction.

Eurusd update - 28 June 2011 Tuesday

Good day everyone,

Sorry a bit late today. Need to run some errands and wanted to use iphone to update but having some issues in the updating.

Anyway, yesterday eurusd broke my support at 1.4121 but turned up after news of Greek debt plans boosted it.

Today, I expect eurusd to climb higher still within the consolidation range. Therefore, good to pick long around 1.4250 regions with stoploss around 50 pips. Target exit around 1.4400.

Eurusd update - 27 June 2011 Monday

Hello everyone,

Good to see more people benefitted from my updates. Well, just remember, there is no 100% in trading. Sometimes we might make some losses but with proper control and management, we can minimise our losses and maximise our risk.

So this week, what are we looking at for eurusd?

Eurusd might be trapped in consolidation. Range between 1.4125 - 1.4400. Last week, eurusd already hit a high of 1.4305.

This week, if eurusd is still consolidation, we can trade in the channel. However, if market were to break the support at 1.4125, you may wish to turn short and market will test next support level at 1.3970.
There are high possibilities of eurusd to go lower, as euro currency may remain weak due to the Greek crisis.

Eurusd update - 24 June 2011 Friday

Good morning everyone,

Yesterday, eurusd fell about 200 pips before reversing higher. Well, I did not manage to catch anything. That's quite sad but like I say, market always open. Don't rush, if miss there are still opportunities everywhere.

Today, I expect eurusd to turn up higher. I favour picking long around 1.4165 - 1.4200. Stoploss place around 50 pips. With target exit around 1.4320 regions. However, I expect eurusd to climb back to even 1.4400. So if you are daring to hold without sleepless nights in the weekends, you may wish to hold until next week to see this top.

Eurusd update - 23 June 2011 Thursday

Good morning everyone,

Yesterday eurusd climbed to a high 1.4442, very close to my target of 1.4450 and turned down after FOMC announcement.

Today, I expect eurusd to trade lower. Traders may wish to pick short when eurusd retraces to 1.4350 - 1.4370 regions with stoploss around 50 pips. Target exit around 1.4200.

Eurusd update - 22 June 2011 Wednesday

Good morning everyone,

Yesterday, eurusd formed as a doji and gained for 4 consecutive days.

I still favour eurusd to climb higher. For 2 simple reasons that Greece will not be left to default and euro zone will definitely save Greece. Furthermore, Greek PM George Papandreou won a vote of confidence, bolstering his new government’s chances of pushing through austerity measures to secure further international financial aid for the country.

However, after 4 days gains, eurusd may turn down for a correction.
Just be cautious, when eurusd test support level at 1.4335. Therefore, if eurusd test this support but fail to break below. I recommend to pick long at this bottom. We are going to see eurusd climb above 1.4450 once it breaks above previous hi at 1.4433.
You may also choose to stay out if uncertain, remember not everyday is a trading day! Sometimes, we just need to take a day off!

Quick update

Good day everyone

A quick post here.

Abandon all long ONLY if market breaks below 1.4305. You may wish to turn short from there and market likely bring us back to 1.4230 regions.
So be cautious of the price movement as market seems to be turning down.

Eurusd update - 21 June 2011 Tuesday

Yesterday, was another good day for us. Almost got triggered stop but a good stoploss saved the day! As mentioned too that I expect eurusd to climb to 1.4450.

I am still holding on to the view. So today, we expect eurusd to turn down and test 1.4290 - 1.4320. This will be a good region to pick long with 50pips stoploss. Target exit is around 1.4450 - 1.4500.

Alternatively, long if eurusd breaks above 1.4382. This is also good for 2nd entry level.

Eurusd update - 20 June 2011 Monday

Good morning everyone,

Last week, we seen how eurusd can really swung. The week candle close as a doji.

This week, eurusd will continue to climb to 1.4450. Breaking above 1.4500 will bring us to the next resistance level at 1.4700.
There is a strong support level at 1.4270. However, I expect eurusd will pull back to 1.4225 - 1.4250 regions before turning up.
Therefore, on Monday, good to pick long around these regions with stoploss around 50 pips. Target exit is around 1.4450.

Eurusd update - 17 June 2011 Friday

Good morning everyone,

Those who happen to follow my late recommendation last night to long eurusd, you may wish to hold your position but if you feels that you want to take your profit, it is alright too. Well, realise profits is better than unrealise.

Anyway, today, eurusd may drop back to 1.4135 before turning up. Therefore, you may wish to hunt for long when eurusd drops to this region. Stoploss about 50 pips. Target exit for today is around 1.4300 - 1.4350 regions.

Quick update

Hello everyone,

Right now in 30 mins chart market forms a strong support at 1.4073. Good to pick long if the current candle turns up.


- Posted using BlogPress from my iPhone

Eurusd update - 16 June 2011 Thursday

Good morning everyone,

Yesterday was a sight that we seldom come across. Eurusd fell about 280 pips. Reason is that the Greek prime minister’s government lost political support as the European Union struggled to break a deadlock on a second financial rescue for the nation.

Those that follow my update, going long definitely will trigger your stop. However, if market breaks below 1.4325 and you turn short, you still can make good profits!

Today, we will continue to see a drop in this pair. Traders may wish to pick short around 1.4250 or if it breaks below yesterday low at 1.4156. Stoploss around 50 pips will be good. Target exit is around 1.4000, the next support level.

Eurusd update - 15 June 2011 Wednesday

Good day,

Eurusd climbed to 1.4497 and missed my entry at 1.5000. If I am in my computer, I would probably shorted. However, since it is missed. What I usually do is to find re-entries.
However, looking at the current trend, it is possible that this pair is actually consolidating. Trap within 1.4325 - 1.4700.  As 1.4325 is a strong support, breaking in near future will definitely bring us to 1.4200.

Today, I expect this pair to turn up for retracement before dropping but since it is turning down without this pull back. I would favour turning long if this pair reach the low at 1.4380. SL about 40 pips. With target top around 1.4550.

Hello everyone,

I dont know how to post comments. Here are some fundamental news that were released today.

1) Greek Rescue Package May Be Delayed by EU Disagreements on Investors’ Role - Euro-area finance chiefs struggling to break a deadlock on how to enroll investors in a second Greek rescue without triggering a default said they may need more time to reach a deal.
2) BNP Paribas SA, France’s biggest bank, and local rivals Societe Generale (GLE) SA and Credit Agricole SA (ACA) may have their credit ratings cut by Moody’s Investors Service because of their investments in Greece.

Eurusd update - 14 June 2011 Tuesday

Good morning everyone,

Sorry, a bit late in posting.

Today I expect eurusd to continue to climb to 1.4500 - 1.4530. This is the region to hunt for short. Stoploss about 50 pips and target exit is around 1.4200 regions.

Eurusd update - 13 June 2011 Monday

Good morning everyone,

This week, eurusd will likely continue to drop further. However, there is a possibility of market climbing back up to 1.4500 before turning down further.

I favour picking short when market reach this top. However, if market continues to fall without climbing back up to 1.4500, I will prefer picking long when market drops further to 1.4200.

Lets wait for market to form today and determine our direction.

Eurusd update - 10 June 2011 Friday

Good morning,

Yesterday, eurusd really can swing. That is why I mention that if no position stay. Many new traders who are not familiar with how market news work will get into trouble, so staying out at least protects our capital.
Today, I expect eurusd will probably swings. Therefore, I expect eurusd to climb back to 1.4550 - 1.4575 before turning down. Stoploss can be about 50 pips. Target exit is around 1.4450.

Eurusd update - 9 June 2011 Thursday

Good morning everyone,

Yesterday, eurusd went down after the Fed wont ease monetary policy and boosted the greenback. Well, a break even trade again! 0 loss. As some traders mentioned zero loss is still at a good trade!

Today about 830pm, we are expecting ECB to announce the bid rate and also a press conference. If there are any signs of rate hike, this will definitely give eurusd a push reaching 1.50 is a possibility.

So today, I believe market will stay sideways until tonight and on such occasion, if you are not holding any positions just stay out and observe.

Eurusd update - 8 June 2011 Wednesday

Good morning everyone,

Yesterday, those who long together with me. I would like to congrats all of you!!

Today, I expect eurusd to complete the top as mentioned, my target is around 1.4725. Once this top is reach, I will take profit and start hunting for short.

Remember don't be greedy.

Guys, just an important note, tomorrow ECB has a press conference. And will likely to announce if they will raise rates. So today Eurusd may stay sideways.

Eurusd update - 7 June 2011 Tuesday

Good morning everyone,

Just a quick update on the market today.

Eurusd is good to long now especially its forming a pincer bottom. SL can be place around 30 - 40 pips with expectation that market will likely go up to about 1.4700 regions.

Eurusd update - 6 June 2011 Mon

Good morning everyone,

Just finish another class of Promaster workshop today. I am so happy to see new people joining us in the journey of being a successful trader.

Well, after the 2 days of workshop, I also feel tired but on the other hand, I feel very energetic and delighted because seeing them reminds me that I have to work hard too!

SO let work hard everyone! I remember someone ever told me, money is everywhere, you just need to reach out and grab it!

So let grab some profits in the market this week!

This week, I expect eurusd to climb higher but before so, I expect eurusd to retrace back to about 1.4550 - 1.4575 regions again before market turns up. And my expected target is around 1.4750.
So 1.4550 - 1.4575 will be our regions to start picking long!

Eurusd update - 3 June 2011 Friday

Good morning everyone,

Yesterday, eurusd reach our target top of 1.4500. Market may seems bullish still but in trading, sticking to trading plan is important.
Once our forecast done, stick to it.

Therefore, I am holding a short at 1.4500 with SL at 1.4550 with target bottom of 1.4250 as my first target.

Eurusd update - 2 June 2011 Thursday

Good morning everyone,

Today, we will likely see a reversal in eurusd. Market may actually try one last time to break the top at 1.4450.

I still holding a short view when market reach 1.4500. So wait to pick short around this region.

Eurusd update - 01 June 2011 Wednesday

Good day everyone,

Sorry for the late update. Sometimes I might be late here as I have some reports to finish. I will still be here no matter what. Rain or Shine.

Today, I am waiting to pick short on this market as it is reaching almost the top of our target 1.4450 - 1.4500. So be patient and wait to pick short if you are not holding long position.

Don't chase the market.

Eurusd update - 31 May 2011 Tuesday

Good morning everyone,

Yesterday, I missed my entry by 7 pips.

Well, no trade is still safe from losing trades. Now have to wait for market to climb higher to pick short. Target top for picking short is around 1.4500 region.

So stay tuned!

Eurusd update - 30 May 2011 Monday

Good morning everyone,

This week, we are going to see market climbing up further and will likely bring us back to 1.4500.

We expect market to pull back to 1.4250 region again before market turns up.

This is a good region to pick long. Stoploss around 1.4200 with target around 1.4500.

Happy trading to all!!!

Eurusd update - 27 May 2011 Fri

Good morning everyone,

The moment I see the market, the first thing that comes to my mind is AHHHHHHHH.....
Well, yesterday was the first SiMSCI/Singapore stocks live trading. I recommend a good stock and its making money.

I told someone that eurusd will retrace to 1.4070 before turning up. However, I forget to put in my order!!! Oh well, I miss one beautiful trade today. Well, if you have missed it, never mind, lets hunt for another retracement to pick long with a high possibility of market trading back to 1.4450.

Eurusd update - 26 MAy 2011 Thursday

Good morning everyone,

I am now conducting the first SiMSCI/ Singapore Stocks live trading in Singapore.

Eurusd formed an inverted Head n Shoulder after failing to break support at 1.4013. Right now, we expect eurusd to turn back up after breaking resistance at 1.4130.

I still hold a short view but news release of China interest in buying euro bonds. So stay out for the day.

Eurusd update - 25 May 2011

Hello everyone,

I still at oversea but making my way back to singapore.
My view is the same, still holding a downtrend. I expect market to reach 1.4085 before turning down again. SL at your discretion. Target exit remains as it is.


- Posted using BlogPress from my iPhone

Eurusd update - 24 May 2011

Hello everyone,

Due to slow connection on the Internet, I can only use my iPhone to update and look at chart.

Yesterday market continue to drop further, without pulling back to 1.4250.
Today I expect market to pull back up but I don't think market will turn up to 1.4250 anymore. However, market may still pull up to 1.4100 - 1.4160 regions before turning down. Therefore, be alert when market reach this region, we are going to short with SL ard 50 pips. Target is still as mention yesterday at 1.3850


- Posted using BlogPress from my iPhone

Eurusd update - 23 May 2011

Good day everyone,

I am leaving for holiday on Sunday night. So will give an update before I leave. However, I will still continue to give my updates everyday.

Last week, was a sad week for me as market did not move in accordance to my trading plan. However, it is still alright as long as the losses are well managed.

Looking at last week formation, this week we are certain that market is turning down. Probably one thing that was overlook is that market is just doing a small correction last week.

I would favour picking short around 1.4200 - 1.4250. Market should be resisted at 1.4250, therefore a SL above 1.4250 will be good. Expected bottom to reach about 1.3850.

Eurusd update - 20 May 2011

Good morning everyone,

Yesterday, market again swung me out!! Sometimes, trading is just so frustrating right?
Well, its ok. Keep a cool mind!

Today, I will favour picking long again from 1.4250 with 50 pips Stop and target exit around 1.4350.

Eurusd update - 19 May 2011 Thurs

Good day everyone,

Sorry for the late post. Yesterday I long at break out but market just wanted to kick me out. Well, too bad for me.
Today I would favour long if market retrace to 1.4250 with SL 40 pips Target exit is about 1.4400.

Eurusd update - 18 May 2011 Wednesday

Good morning

Yesterday was another non profit and loss day. As long as we are not having losses, we are still good to go.

Today, I expect market to climb up again as market has broke above resistance level 1.4225.
However, market retrace to 1.4240 which is my target entry.
We can still go for 2nd entry level when market breaks above yesterday high. SL is around 40 pips. My target exit is around 1.4380.

Eurusd update - 17 May 2011 Tues

Good morning everyone,

Yesterday, I failed to catch the top when market retraced back to 1.4244. As I will usually close my working order after 7pm.

Anyway, I expect market to consolidate, forming a inside candle today. Therefore, recommend to pick short when market test the top 1.4224 and fail to break higher. SL can be minimised to 40 pips and target exit around 1.4080.

Eurusd update - 16 May 2011

Good morning everyone,

Last friday, I wanted to do an update but seems that blogger was down.

Anyway this coming week, we will expect eurusd to continue moving southwards.

I recommend short entry around 1.4150 - 1.4200 with SL around 50 pips and target exit around 1.3850.

Eurusd update - 12 May 2011 Thurs

Good morning everyone,

Yesterday market continued to drop lower but with tight money management, I was triggered SL with 50 pips loss, 1st entry was triggered with 0 lost.

Today, I will stay out as market broke lower. However, those who wish to, can still short the market.

Eurusd update - 11 May 2011

Good morning everyone,


Just woke up in my hotel room and saw market corrected to a low of 1.4270. My entry placed at 1.4290 was triggered and SL was not triggered as market did not go below 1.4250.

Today, I will shift my SL to entry and hunt for entry at around 1.4325 with SL about 50 pips. Target as mentioned yesterday at around 1.4600.

Eurusd update - 10 May 2011 Tues

Good morning everyone,

I am currently having a holiday, enjoying my hot spring in Malaysia. Its a hot spring resort, Felda residence.
Not a bad place just to get away for 1 day to relax and have massage and dip yourself in hot spring. However, you can't do much here especially in the night. There are no activities unless you have a group of 4, you can arrange visits to some night markets.

Anyway, eurusd reach our target top to short yesterday and came down to 1.4250. From the day chart, I foresee that this market will not go down further. Those holding short may have to close the position around 1.4290.

Today, I would favour to pick long around 1.4290 with stoploss below 1.4250 and to pull up for a correction. Target is about 1.4600.

A pull up for Silver? - 9 May 2011 Monday

Silver had a big drop of $14 last week, after margin requirement was increased for trading silver.
This week, I believe market will actually do a pull back before any drops can be seen.

We can go long if market breaks above 36.42 with stop loss about $0.50. Target exit is around 38.60 and 2nd target that silver may climb to is 41.30.

Failing gold rush?? - 9 May 2011 Monday

Gold price fell about $113 last week. This week, I believe market will continue to drop lower. With a high possibility that gold price may climb to a high $1518 before any further drop can be seen.

Therefore, I favour picking long when market retrace to $1480 - $1485 regions with stoploss about $5. Target price is as mentioned $1518

Eurusd update - 9 May 2011 Monday

Last week, market fell 640 pips after falling short of my target 1.5000. However, with proper risk management and skills, even if we did not take profit at the top. Stoploss triggered will also enable us with small profits.
This week, I reckon that market will go for another dip. However, there are 2 possibilities. Firstly, market may continue to drop further to 1.4200 to complete the wave at the start of the week before any retracement can be seen. Or 2nd possibility is that market may go back up to 1.4600 to complete the correction before turning down.

I foresee that market will likely go for the 1st possibility. Therefore, favour to pick short around 1.4400 with stoploss around 40 -50 pips. Target exit is at 1.4200.

Eurusd update - 6 May 2011

Good day everyone,

Yesterday, Eurusd fell 390 pips! Amazing!

I took profit when market fails to hit 1.5000 and formed multiple tops at 1.4899!!

Today, I expect market to trade back to 1.4750 regions. Establish long when market breaks above 1.4585 with stoploss around 40 - 50 pips. Target at 1.4750!!

Eurusd update - 05 May 2011

Good morning everyone,

Yesterday, Eurusd formed a doji with a very long shadow at the top.
Looks like 1.4940 is our current resistance and I believe eurusd might turn down if fails to break above our reisistance.
However, strong support is at 1.4815.

Today, I will exit all my long positions at 1.4900 with stoploss all shifted to 1.4815.
 I will also place a short entry near 1.4940 and a stoploss just slightly above 1.4940.

Eurusd update - 4 May 2011

Good morning everyone,

Eurusd is still in consolidation. Waiting to break either side.

However, I still favour eurusd to climb higher and target top remains at 1.5000 regions.

Favour to pick long around 1.4785 with stoploss around 1.4740. Target remains at 1.5000 regions.

Eurusd - 03 May 2011

Good morning everyone,

Market fell to our targeted bottom yesterday. I have entered long at 1.4780 with 50 pips stop with target exit at around 1.5000 regions.
However, today market formed a long shadow down. There are high possibilities that market may actually turn down today.
My view will remain the same as I am still holding long. I also favour hunting for long when market trades near 1.4750 with 50 pips stop and target exit will remain as weekly outlook at 1.5000 regions.

Sliver consolidating? - 2 May 2011

After reaching my target of 45.00, silver continue to rise higher to almost 50 but failed to climb higher.

This week, we may see more consolidation, ranging 44.60 - 49.80.

On Monday, good to pick short when market retrace to 48.50 - 49.00 with stoploss about 0.50. Target bottom to reach 44.60.

Higher prices for Gold! - 2 May 2011

Gold price continued to march higher after reaching 1500 despite my forecast of a correction.

However, I foresee this week gold price may climb to 1600 before the correction.

Therefore, good to pick long when market corrects to 1554. Stoploss can be place below 1550 and target top to reach 1600 before turning my view to short for the week.

New highs formed on EUR/USD! - 2 May 2011

Good day everyone,

It is definitely frustrating that market formed new highs despite of the reversal on Friday.

However, this is a repeated pattern of the previous week.

This week, I expect market to continue climbing higher with expectation that market will retrace to 1.4750 before turning up. My target for this week will be around 1.5000.

Therefore, good to hunt for long entry when market corrects to 1.4750. Stoploss about 50 pips will be good and target exit to reach around 1.5000.

26 Apr 2011 - EUR/USD

Good morning,

Yesterday market reach our level to short and did not move up higher.
Today recommend short at 1.4560 - 1.4580 regions. SL above 1.4600. Target exit as mentioned in yesterday post.

Silver riding to the moon - 25 Apr 2011

Last week, sliver climbed to the high 46.67.
This week, I foresee that market will climb higher. However, there will likely be a correction. Expected bottom that will probably reach is around 45.00 - 45.50.

Good to pick long when market reach this bottom with stoploss around 0.40 - 0.50. Target top is around 46.80 - 47.00.

Is gold correcting for the week? - 25 Apr 2011

Last week, gold came down to 1477 before turning up to 1509.

This week, I reckon market will do a correction down to 1487 or 2nd target at 1476 regions again before market move higher.
Therefore, good to look for short at the beginning of the week when gold price breaks 1500 with $5 stop loss. Target exit is as mentioned above.

Euro weekly update - 25 Apr 2011

Hello everyone,

Another new week again. Hope everyone make great profits last week.

Last week, this pair turned down to low 1.4150 and reversed, moving up to 1.4650 and close at 1.4558. This is due to weakening of US dollar and Spain's excellent sales in their treasury bonds.

This week, I expect market do a correction down and a high possibility of a consolidation.

Therefore without breaking the current top 1.4650, I expect market to turn back down to 1st support at 1.4400 or even 2nd support 1.4325.

Monday, good to hunt for short when market pulls back to 1.4590 or when market breaks below 1.4530. SL can be place above 50 pips. Target exit is as the support levels mentioned above.

Rising gold - 18 April 2011

Gold price did a big retracement last week before breaking higher. Gold price may seems exhausted but I am certain that the price will continue to escalate this week.

However, there maybe a pull back to 1470 before climbing higher.

Therefore, good to hunt for long entry if gold price fall to 1470 and I still hold on to the view that market will still go for 1500.

Reversing Euro? - 18 April 2011

Eurusd formed a reversal candle formation in the week chart. Looking at the day chart, eurusd also formed a series of consolidations with strong resistance capped at 1.4520.

This is good for us to pick short this coming week.

On Monday, there is a high possibility of this market to climb back up to 1.4480. A very good level for us to pick short. Cut loss level can be place above 1.4520 with expectation of market reaching a low of 1.4250.

Silver heads up - 11 April 2011

Silver continues to climb higher together with gold. I expect market to reach a high 43.00. Pullback is expected around 40.50 - 40.70. With support at 40.40. My target will be around 43.00 region this week.

Gold moving higher!!! - 11 April 2011

Gold prices has broke the high 1447. I expect market to climb higher which expectation that market will continue to climb to test 1500 this week and ultimate target to reach 1535 before any correction again.
I expect market to do a retracement back to 1469 before climb higher. This is a good support for us to go long on this market.

EUR/USD weekly update - 11 April 2011

EUR/USD has broken previous high at 1.4282. We can see that market is on going to move up higher. Probably to test the resistance level at 1.4270.
There will probably be a pullback to around 1.4350 -1.4380 before market continue to move up. These will be the regions for us to look for long.