Hello everyone,
Eurusd hit a triple top and turn down. However, now is not the time to rush in.
Tonight and tomorrow we will see some major data releasing in US. There is a high possibility that eurusd will swing.
Anyway, I just pick long around 1.3050 with 30 pips stop. Target exit is around 1.3200.
Eurusd update - 31 Jan 2012 Wed
Hello all,
Sorry never get to update. Went out to see doctor today. Chinese New Year too much goodies!
Anyway, eurusd formed a reversal sign. However, breaking above 1.3225, will bring us to 1.3350.
This week, there are some big figures releasing so since I got no position, I will wait.
- Posted using BlogPress from my iPad
Sorry never get to update. Went out to see doctor today. Chinese New Year too much goodies!
Anyway, eurusd formed a reversal sign. However, breaking above 1.3225, will bring us to 1.3350.
This week, there are some big figures releasing so since I got no position, I will wait.
- Posted using BlogPress from my iPad
Eurusd update - 30 Jan 2012 Mon
Good morning everyone,
Even though I favour eurusd to drop further, eurusd continues to climb higher with a possibility of climbing to a high of 1.3350.
Today, we can look to pick long around 1.3150 - 1.3160 with 40 pips SL. Target exit is around 1.3300.
Even though I favour eurusd to drop further, eurusd continues to climb higher with a possibility of climbing to a high of 1.3350.
Today, we can look to pick long around 1.3150 - 1.3160 with 40 pips SL. Target exit is around 1.3300.
Eurusd update - 26 Jan 2012 Thurs
Good morning all,
Yesterday, eurusd pulled down all the way to trigger my SL then turn up again. This is due to fundamentals.
Today I reckon that eurusd will continue to turn up. Good to pick long around 1.3040 with 50 pips SL. Target exit is around 1.3150.
Yesterday, eurusd pulled down all the way to trigger my SL then turn up again. This is due to fundamentals.
Today I reckon that eurusd will continue to turn up. Good to pick long around 1.3040 with 50 pips SL. Target exit is around 1.3150.
Eurusd update - 25 Jan 2012 Thur
Good morning,
Yesterday, eurusd manage to reach my target bottom. However it's late into my night. Well, I actually cancel my order after evening around 7pm SG time.
Today I reckon that eurusd may hit 1.2980 region again.
Good to pick long around this region.
SL can be place just below 1.2960. However, take caution if eurusd breaks below 1.2960. Target exit should be around 1.3090.
Yesterday, eurusd manage to reach my target bottom. However it's late into my night. Well, I actually cancel my order after evening around 7pm SG time.
Today I reckon that eurusd may hit 1.2980 region again.
Good to pick long around this region.
SL can be place just below 1.2960. However, take caution if eurusd breaks below 1.2960. Target exit should be around 1.3090.
Eurusd update - 24 Jan 2012 Tues
Good morning everyone,
Yesterday, eurusd went in our favour but did not hit my entry. Busy running around for Chinese New Year.
Today, I expect eurusd to go down to 1.2960. Therefore go to pick long around this level with SL around 40 pips. Target exit is around 1.3090.
HAppy Chinese New Year to all!!!! May all have abundance in 2012!!
Yesterday, eurusd went in our favour but did not hit my entry. Busy running around for Chinese New Year.
Today, I expect eurusd to go down to 1.2960. Therefore go to pick long around this level with SL around 40 pips. Target exit is around 1.3090.
HAppy Chinese New Year to all!!!! May all have abundance in 2012!!
Eurusd update - 23 Jan 2012 Mon
Good morning everyone,
I am sorry for the mispost on Friday. I didn't realise it was not up.
Anyway, my correction day came 1 day later as the last forecast on Thurs.
Today, without breaking 1.2850, good to pick long around 1.2870 with SL about 30 - 40 pips. Target exit 1.3000.
I am sorry for the mispost on Friday. I didn't realise it was not up.
Anyway, my correction day came 1 day later as the last forecast on Thurs.
Today, without breaking 1.2850, good to pick long around 1.2870 with SL about 30 - 40 pips. Target exit 1.3000.
Eurusd update - 19 Jan 2012 Thu
Good morning,
I am looking at eurusd hitting the 1st resistance level at 1.2880.
Topside is also limited with 2nd resistance at 1.3000.
There is a high possibility of eurusd moving downwards today.
A possible correction back down to 1.2760.
Good to pick short if eurusd forms a double top today before US session opens.
I am looking at eurusd hitting the 1st resistance level at 1.2880.
Topside is also limited with 2nd resistance at 1.3000.
There is a high possibility of eurusd moving downwards today.
A possible correction back down to 1.2760.
Good to pick short if eurusd forms a double top today before US session opens.
Eurusd update - 18 Jan 2012 Wed
Hello all
I am staying on the sideline and continue to monitor the market.
Eurusd looks prone to trade higher due to news of US recovery being dampened.
I am staying on the sideline and continue to monitor the market.
Eurusd looks prone to trade higher due to news of US recovery being dampened.
Eurusd update - 17 Jan 2012 Tues
Hello all
Fundamentally, I still favour eurusd will turn down.
I am looking for short around 1.2850. SL around 40 pips. Target exit will be back to 1.2620. Breaking below 1.2620, will be the confirmation of the downtrend.
Fundamentally, I still favour eurusd will turn down.
I am looking for short around 1.2850. SL around 40 pips. Target exit will be back to 1.2620. Breaking below 1.2620, will be the confirmation of the downtrend.
Eurusd update - 16 Jan 2012 Mon
Hello guys
What a start for the year! The patience in trading must be well cultivated.
Like the shifu in kung-fu panda talks about the inner peace.
I favor eurusd going down further. However, I will try a short only if it breaks below 1.2620. SL about 40 pips. I will expect eurusd will drop to around 1.2450.
What a start for the year! The patience in trading must be well cultivated.
Like the shifu in kung-fu panda talks about the inner peace.
I favor eurusd going down further. However, I will try a short only if it breaks below 1.2620. SL about 40 pips. I will expect eurusd will drop to around 1.2450.
Eurusd update - 13 Jan 2012 Fri
Good morning everyone,
A bit late here as was busy writing another article.
Yesterday, eurusd triggered my stop. I don't really favour a long trade but fundamentally eurusd is looking to retrace higher.
I favour picking long around 1.2760 - 1.2780 with 40 pips stop. Target exit is around 1.2900.
A bit late here as was busy writing another article.
Yesterday, eurusd triggered my stop. I don't really favour a long trade but fundamentally eurusd is looking to retrace higher.
I favour picking long around 1.2760 - 1.2780 with 40 pips stop. Target exit is around 1.2900.
Eurusd update - 12 Jan 2012 Thu
Good morning everyone,
Eurusd is still trapped within consolidation. I do expect eurusd to retrace higher to test 1.3200. However, looking at the chart, it is quite unlikely as eurusd is strongly resisted at 1.2790 regions right now. Only in breaking this resistance level that we will see eurusd climb higher.
It is good to pick short around 1.2760 - 1.2780 with SL around 40 pips. Target exit is around 1.2650. Breaking lower will bring us to next support level at 1.2580.
Eurusd is still trapped within consolidation. I do expect eurusd to retrace higher to test 1.3200. However, looking at the chart, it is quite unlikely as eurusd is strongly resisted at 1.2790 regions right now. Only in breaking this resistance level that we will see eurusd climb higher.
It is good to pick short around 1.2760 - 1.2780 with SL around 40 pips. Target exit is around 1.2650. Breaking lower will bring us to next support level at 1.2580.
Eurusd update - 11 Jan 2012 Wed
Good morning,
Eurusd is trading in tight range, 1.2665 - 1.2820.
It's going to breakout soon. I favor waiting for breaking out either sides to enter. Right now, while within this range, I will just wait.
Eurusd is trading in tight range, 1.2665 - 1.2820.
It's going to breakout soon. I favor waiting for breaking out either sides to enter. Right now, while within this range, I will just wait.
Eurusd update - 10 Jan 2012 Tues
Good day,
Eurusd didn't reach my target bottom. However, eurusd looks prone to do a retracement up. I favor picking long if eurusd reach the low of 1.2720 again with 50 pips stop. Target exit around 1.3200.
Eurusd didn't reach my target bottom. However, eurusd looks prone to do a retracement up. I favor picking long if eurusd reach the low of 1.2720 again with 50 pips stop. Target exit around 1.3200.
Eurusd update - 9 Jan 2012 Monday
Good morning everyone,
Happy new year to all once again!
Last week, eurusd broke the support level and dive down to 1.2685.
This week, eurusd may hovers again after reaching 1.2600 regions. I expect strong support at this level. I also favour eurusd to drop further but there may be a retracement back to 1.3200 before dipping further.
Therefore, I favour picking long near bottom around 1.2600 regions this week. Stay tuned!
NOTE: Hello guys I have updated the PnL page. Last year result was good, total profit in terms of pips is 1680.
Happy new year to all once again!
Last week, eurusd broke the support level and dive down to 1.2685.
This week, eurusd may hovers again after reaching 1.2600 regions. I expect strong support at this level. I also favour eurusd to drop further but there may be a retracement back to 1.3200 before dipping further.
Therefore, I favour picking long near bottom around 1.2600 regions this week. Stay tuned!
NOTE: Hello guys I have updated the PnL page. Last year result was good, total profit in terms of pips is 1680.
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