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!
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!!!
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.
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.
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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!!
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.
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 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.
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.
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