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!!