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.
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 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.
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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So interested party, please email me at aaron@pwforex.com if any enquiries.
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.
An additional announcement, our Gold Trading Indicator catch the drop in gold on Wednesday and gain over $60 profits. 1 standard contract, we are talking US$6000.
So interested party, please email me at aaron@pwforex.com if any enquiries.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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