Eurusd update - 29 Mar 2012 Thurs

Good morning everyone,

Sorry yesterday I was sick again. Went to see doctor for a small cold and cough 2 days back. Took his medicine and I got worst yesterday as my fever developed!

Anyway, yesterday I short eurusd around 1.3340 with SL at 1.3390, slightly above the previous day high.
Unless fundamental news support eurusd to climb further, I expect eurusd to turn down and  eurusd might retrace back up to 1.3350 again today before turning down.
My first target bottom is around 1.32, provided if eurusd break and stay below yesterday low.

Eurusd update - 27 Mar 2012 Tues

Good day,

Yesterday, eurusd triggered my SL.

Today, I would pick long if eurusd retrace to 1.330 region with 40 pips SL. If eurusd never come down to this level. I would stay out and wait to pick short near the top which I expect eurusd to reach 1.3400 - 1.3430 these 2 days.

Sorry for my busy schedule

Hello everyone,

Sorry busy last week. Our pwforex forum is down. So as a IT guy for my sifu, I have been trying to do the salvaging.

Anyway, I shorted eurusd late fri night. Shorted around 1.3240 with 50 pips SL. So far eurusd have not reached my SL.
This trade is quite against my rule, as I don't usually enter position after 7pm. Somehow, I feel that eurusd will turn back down to 1.31 or even lower.

Eurusd update - 20 Mar 2012 Tues

Good day guys,

Yesterday, I was waiting to pick long around 1.3120. Sad to say eurusd only came down to 1.3140 then shoots up.

Today, eurusd may may turn down for a correction. Topside room is very limited. Right now resistance is around 1.3250 - 1.3300. If eurusd breaks higher, I expect eurusd will reversal around 1.3400 - 1.3450.

I favour picking short around 1.3265 with 50 pips SL. If eurusd breaks higher, I will pick short around 1.3400 regions.

Eurusd update - 14 Mar 2012 Wed

Hello guys,

I am staying out and keeping a close watch for tonight. I do favour a sell but I am concern that market maybe swing.


- Posted using BlogPress from my iPad

Eurusd update - 13 Mar 2012 Tues

Hello everyone,

I am in Malacca now visiting an associate with my sifu.
Anyway, I long eurusd yesterday at 1.3110 with 40 pips SL. I expect eurusd to climb back to 1.3290.
However, I believe eurusd may go higher. Lets wait and see.


- Posted using BlogPress from my iPad

Eurusd update - 09 Mar 2012 Fri

Hello guys,

Good call to  go long by Ai Shiang. Nice!
Anyway, I am staying out because today is a day with some big US data releasing.
All the best to everyone! Happy Trading!

Eurusd update - 08 Mar 2012 Thurs

Good morning everyone,

Since eurusd is consolidating and have not triggered my stop. My view remains and I shifted my sl to 1.3170 as there are already a pincer at 1.3165.

However, if eurusd breaks this resistance level, there are possibilities of a turn up. I will keep my eyes on it.

Eurusd update - 07 Mar 2012 Wed

Hello guys

I expect eurusd to fall further as there are more rooms at the bottom as top side has a lot of resistance.
I just shorted at 1.3140 with SL 40 pips. Target exit is around 1.3030.

Eurusd update - 06 Mar 2012 Tues

Hello everyone,

I am back.

Today, I expect small range on eurusd and likely forming a small bodied white candle.
Therefore, I am going long around 1.3180 with SL around 30 pips. Target exit is around 1.3260.