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