Hello all,
My forecast is much disturbed by the fundamentals. Well, I still don't wish to abandon my view. I am picking long today around 1.2850 regions and stoploss just about 30 pips. I am expecting that eurusd will turn back up to 1.2920 or even higher.
Eurusd update - 26 Sep 2012 Wed
Hello all,
Sorry I havent update yesterday. Reason is that I still looking for a entry. Right now, I believe eurusd should be strongly support at 1.2850. However, I can't enter as eurusd is still not in my favour. So have to be patient and wait.
Sorry I havent update yesterday. Reason is that I still looking for a entry. Right now, I believe eurusd should be strongly support at 1.2850. However, I can't enter as eurusd is still not in my favour. So have to be patient and wait.
Eurusd update - 20 Sept 2012 Thu
Good day all
Yesterday no trade done because the retracement did not reach my entry level.
Today, as I am sitting in front of my computer screen. You will notice eurusd already down 50 pips. Quite fast for a whole day movement. Anyway, I believe eurusd will turn up today.
I just entered long around 1.3010 with 25 pips SL. My target exit as of now is around 1.3160 but I am looking at higher target if 1.3160 is broken.
Yesterday no trade done because the retracement did not reach my entry level.
Today, as I am sitting in front of my computer screen. You will notice eurusd already down 50 pips. Quite fast for a whole day movement. Anyway, I believe eurusd will turn up today.
I just entered long around 1.3010 with 25 pips SL. My target exit as of now is around 1.3160 but I am looking at higher target if 1.3160 is broken.
Eurusd update - 19 Sep 2012 Wed
Good morning all,
Sorry no update yesterday. I have no trade yesterday, don't feel right. I still having a long view in the long term.
However, after some studying of the chart, eurusd maybe turning down this week. I am looking at 1.28 regions.
So I am picking short around 1.3100 with 50 pips SL. Target exit as mentioned 1.28 regions.
Sorry no update yesterday. I have no trade yesterday, don't feel right. I still having a long view in the long term.
However, after some studying of the chart, eurusd maybe turning down this week. I am looking at 1.28 regions.
So I am picking short around 1.3100 with 50 pips SL. Target exit as mentioned 1.28 regions.
Eurusd update - 14 Sep 2012 Fri
Hello all,
Eurusd surges after FOMC announcement where FED Bernanke revealed QE3.
I expect today there will be some pullback, eurusd will likely trades back to 1.2950. I am looking for long position around 1.2950. If not, we can still pick long next week.
Good luck to all and have a great weekend!
Eurusd surges after FOMC announcement where FED Bernanke revealed QE3.
I expect today there will be some pullback, eurusd will likely trades back to 1.2950. I am looking for long position around 1.2950. If not, we can still pick long next week.
Good luck to all and have a great weekend!
Eurusd update - 13 Sep 2012 Thu
Good day everyone,
We are on the right track now. However, there are likely going to be some swings tonight due to fundamental data and FOMC policy statement.
Right now, I still favour eurusd to continue its uptrend but limitation are there since there is a resistance level as mentioned at 1.2950. Which is very close to the current price, so I decided to close my position at 1.2915 and shall wait for tonight's news.
We are on the right track now. However, there are likely going to be some swings tonight due to fundamental data and FOMC policy statement.
Right now, I still favour eurusd to continue its uptrend but limitation are there since there is a resistance level as mentioned at 1.2950. Which is very close to the current price, so I decided to close my position at 1.2915 and shall wait for tonight's news.
Eurusd update - 12 Sept 2012 Wed
Hello all,
Last round when I forecast a retracement it came and my itchy fingers close it too early.
This round,my forecast is wrong. I did manage to long it at 1.2780 with a 40 pips SL though. So sorry I didn't manage to post it here to inform everyone.
Right now, my view is still bullish unless fundamentals intervened. The next resistance level is around 1.2950. If this resistance level at 1.2950 is broken, we are looking at 1.32 - 1.33 regions in next 2 weeks. So if 1.2950 is not broken, this will likely be the reversal level.
I am looking to reenter long around 1.2800 -1.2830 regions. Stoploss can be placed around 50 pips.
Last round when I forecast a retracement it came and my itchy fingers close it too early.
This round,my forecast is wrong. I did manage to long it at 1.2780 with a 40 pips SL though. So sorry I didn't manage to post it here to inform everyone.
Right now, my view is still bullish unless fundamentals intervened. The next resistance level is around 1.2950. If this resistance level at 1.2950 is broken, we are looking at 1.32 - 1.33 regions in next 2 weeks. So if 1.2950 is not broken, this will likely be the reversal level.
I am looking to reenter long around 1.2800 -1.2830 regions. Stoploss can be placed around 50 pips.
Eurusd update - 11 Sep 2012 Tues
Hello all,
Today is a significant day. This is the day where terror strike the fear to many. Such days must not come again. I share this quote from Daisaku Ikeda, SGI President. "For both victor and vanquished, war leaves only a sense of endless futility."
Anyway, back to the market.
To Kamen, Sorry I did not reply you yesterday as I was busy and I am also observing if the bull effect will continue up or stay sideways.
Right now, eurusd is strongly resisted at 1.2840. There is a chance for eurusd to turn down for a retracement before shooting up. Therefore, I just closed my position and turned short at 1.2770 with 40 pips SL. Target for this short is 1.2650 - 1.27.
Today is a significant day. This is the day where terror strike the fear to many. Such days must not come again. I share this quote from Daisaku Ikeda, SGI President. "For both victor and vanquished, war leaves only a sense of endless futility."
Anyway, back to the market.
To Kamen, Sorry I did not reply you yesterday as I was busy and I am also observing if the bull effect will continue up or stay sideways.
Right now, eurusd is strongly resisted at 1.2840. There is a chance for eurusd to turn down for a retracement before shooting up. Therefore, I just closed my position and turned short at 1.2770 with 40 pips SL. Target for this short is 1.2650 - 1.27.
Eurusd update - 07 Sep 2012 Fri
Hello all,
I have shifted my SL to 1.2550. Right now I have 10 pips profit. Well, I hope tonight's fundamental won't swing me out.
Good luck to all and have a great weekend!
I have shifted my SL to 1.2550. Right now I have 10 pips profit. Well, I hope tonight's fundamental won't swing me out.
Good luck to all and have a great weekend!
Eurusd update - 06 Sep 2012 Thu
Hello all,
I am still holding on to my long position. However, today and tomorrow are some major economic data from Euro zone and US. These data are kind of worrying that market may have some big swings. I would advise those without positions in the market to stay out.
As for me, I will shift my SL higher to 40 pips at 1.2500. So if eurusd breaks above 1.2640, I will shift to breakeven.
All the best to everyone!
Eurusd update - 5 Sep 2012 Wed
Hello everyone,
My SL got triggered. This is what I call itchy finger!
Anyway, I still think this downtrend is just a correction. I just went in long at 1.2540 with a 50 pips SL. I still holding my forecast of eurusd climbing back up to 1.28 - 1.29 regions.
My SL got triggered. This is what I call itchy finger!
Anyway, I still think this downtrend is just a correction. I just went in long at 1.2540 with a 50 pips SL. I still holding my forecast of eurusd climbing back up to 1.28 - 1.29 regions.
Eurusd update - 04 Sep 2012 Tues
Hello all,
Just shorted eurusd at 1.2610 with 30 pips SL. I am expected eurusd to correct to 1.2550 regions.
*Hello all,
I just square my postion at 1.2590. Technically, eurusd form a double bottom and likely to turn up after this.
So I also turn long around 1.2590 with 40 pips. So if it breaks below 1.2550 then my previous short view is right. Well, all the best to all traders.
Just shorted eurusd at 1.2610 with 30 pips SL. I am expected eurusd to correct to 1.2550 regions.
*Hello all,
I just square my postion at 1.2590. Technically, eurusd form a double bottom and likely to turn up after this.
So I also turn long around 1.2590 with 40 pips. So if it breaks below 1.2550 then my previous short view is right. Well, all the best to all traders.
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