Eurusd update - 1 Nov 2012 Thu

Hello all,

I am still holding my long and waiting for eurusd to climb up. I still think eurusd will turn up.

Eurusd update - 31 Oct 2012 Wed

Hello all,

I just entered long at 1.2960 with 40 pips stop. I expecting eurusd to climb to 1.3050 reigon.

Eurusd update - 30 Oct 2012 Tues

Hello all,

I still favour eurusd to turn down but this is only possible if it breaks 1.2880. Right now, 1.2880 is a strong support level. That is why I choose to close my position last night. Anyway, eurusd is narrowing down in its range, likely forming a flag with range 1.2880 - 1.2950. We will have to wait for breakout to determine our trade directions.

Eurusd update - 26 Oct 2012 Fri

Hello all,

Today I might see eurusd reach my target at 1.2850 and may even go lower but I do expect some swings like yesterday.

Anyway, all positions have their SL shifted to break even. If eurusd were to turn back up, I am protected.
However, I believe eurusd is more prone to turn down due to fundamentals.

Eurusd update - 25 Oct 2012 Thu

Hello all

I am looking to short again around 1.3000 region with 50 pips SL. Exit remains at 1.2850.

Eurusd update - 23 Oct 2012 Tues

Hello all,

I closed my position at 1.3050. Looks like eurusd is not turning down yet.

I expect some consolidations within 1.3000 - 1.3100. I will enter again when eurusd breaks out.

Eurusd update - 19 Oct 2012 Fri

Hello all,

Still looking at eurusd to continue dropping. Still holding to my position. Again, I hope I won't get swing out.

All the best to all and Have a great weekend!

Eurusd update - 18 Oct 2012 Thu

Hello all,

I am still expecting eurusd to turn down. I am still holding on. I am expecting that eurusd turn down to 1.3000 region.

Hope that I won't get stop out.

All the best to all!

Eurusd update - 17 Oct 2012 Wed

Hello all,

I expect some pullback on eurusd today. I have shorted eurusd at 1.3100 with 40pips SL. I expect eurusd to pullback to 1.3000 regions.

Eurusd update - 16 Oct 2012 Tue

Hello all,

Eurusd has been forming a consolidation waiting for directions. I forecast that this week is the week and today, we will see some big movement. New directions.
Anyway, today there are some figures releasing for Euro zone, one important figure is German ZEW. We are   also expecting US fig tonight.

Right now, eurusd is trapped within 1.2800 - 1.2990. This is quite a big range. Right now, eurusd is trading near the top. I have entered short around 1.2960 with 35 pips SL. As for target wise, I am looking at 1st support level at 1.2900 and 2nd support at 1.2800. I will assess market from there.

Eurusd update - 9 Oct 2012 Tue

Hello all,

I am in a dilemna as eurusd's direction is quite unclear to me.

I see there are rooms to turn down. However, there are no favourable setup. So I am staying out to observe the market.

Eurusd update - 5 Oct 2012 Fri

Hello all,

I still think that eurusd will not continue climbing. For one reason, techinically, I still see eurusd having rooms to turn down.

I just shorted eurusd at 1.3015 with 25 pips SL. Target exit is around 1.2750.
Even if my view is wrong, I am just having a risk of 25 pips in comparison to my target. So I am taking this small risk.

All the best to all and have a great weekend.

Eurusd update - 04 Oct 2012 Thu

Good morning all,

I just squared my position at 1.2920 for 2 reasons, first is that eurusd is not moving much and still within the consolidation range 1.2875 - 1.2950. Second is that today, there are quite a lot of Euro fundamental news releasing.

The best way to trade is to observe and look for possible good entries later. So stay tune and all the best to all.

Eurusd update - 03 Oct 2012 Wed

Hello all,

After re-analyzing, I realize that eurusd has more room to drop further. This week I expect eurusd to drop to 1.2700 regions. 

I am picking short today if eurusd retrace to 1.2930 regions with 40 pips SL. Target exit as mentioned 1.2700.