Eurusd update - 13 Jul 2012 Fri

Hello all,

Ai, my SL was not triggered last night. However, I will close my position if eurusd reach 1.2230.

Looking at the pattern, the reversal that I am expecting did not come. So I feel that it is very likely eurusd will drop further today. So I will also short eurusd once eurusd reach this target 1.2230 with 50 pips SL. Target exit is 1.2140.

5 comments:

  1. Thanks for the info. I've already closed my long. I don't think it's going up either. I've shorted at 2190. However, I don't think it will go up to 1.2230 (just my opinion).

    Have a good weekend!

    ReplyDelete
  2. the us session will have a couple of trigger news. starting wth JP morgan loss. prefer to stay flat. have a great weekend guys

    ReplyDelete
  3. Aaron, you were right it did go up! I managed to close my short with a small profit and when I saw the price action wasn't going down, I went long at 1.2198 and took profit before I went to bed. I don't usually hold position over weekends so, tomorrow will be fun to see if the price will continue to go up or not.

    Did you still decide to short at 1.2230 or did you change your mind after the upward momentum? Do you usually hold your positions over the weekends?

    Kamenriderv3,
    Hope you have a good rest and ready for the week to begin!

    ReplyDelete
  4. Hello Ai,

    I do hold position over weekends.

    Sad to say, I shorted too. I usually will cancel my order after 7pm. Realise I didn't do that in my last trade, I will am going to monitor and probably close my trade once it reach 1.2160.

    ReplyDelete
  5. i told u guys JPM news will drive the market!

    ReplyDelete