Good day everyone,
Sorry for the late post. Yesterday I long at break out but market just wanted to kick me out. Well, too bad for me.
Today I would favour long if market retrace to 1.4250 with SL 40 pips Target exit is about 1.4400.
Eurusd update - 18 May 2011 Wednesday
Good morning
Yesterday was another non profit and loss day. As long as we are not having losses, we are still good to go.
Today, I expect market to climb up again as market has broke above resistance level 1.4225.
However, market retrace to 1.4240 which is my target entry.
We can still go for 2nd entry level when market breaks above yesterday high. SL is around 40 pips. My target exit is around 1.4380.
Yesterday was another non profit and loss day. As long as we are not having losses, we are still good to go.
Today, I expect market to climb up again as market has broke above resistance level 1.4225.
However, market retrace to 1.4240 which is my target entry.
We can still go for 2nd entry level when market breaks above yesterday high. SL is around 40 pips. My target exit is around 1.4380.
Eurusd update - 17 May 2011 Tues
Good morning everyone,
Yesterday, I failed to catch the top when market retraced back to 1.4244. As I will usually close my working order after 7pm.
Anyway, I expect market to consolidate, forming a inside candle today. Therefore, recommend to pick short when market test the top 1.4224 and fail to break higher. SL can be minimised to 40 pips and target exit around 1.4080.
Yesterday, I failed to catch the top when market retraced back to 1.4244. As I will usually close my working order after 7pm.
Anyway, I expect market to consolidate, forming a inside candle today. Therefore, recommend to pick short when market test the top 1.4224 and fail to break higher. SL can be minimised to 40 pips and target exit around 1.4080.
Eurusd update - 16 May 2011
Good morning everyone,
Last friday, I wanted to do an update but seems that blogger was down.
Anyway this coming week, we will expect eurusd to continue moving southwards.
I recommend short entry around 1.4150 - 1.4200 with SL around 50 pips and target exit around 1.3850.
Last friday, I wanted to do an update but seems that blogger was down.
Anyway this coming week, we will expect eurusd to continue moving southwards.
I recommend short entry around 1.4150 - 1.4200 with SL around 50 pips and target exit around 1.3850.
Eurusd update - 12 May 2011 Thurs
Good morning everyone,
Yesterday market continued to drop lower but with tight money management, I was triggered SL with 50 pips loss, 1st entry was triggered with 0 lost.
Today, I will stay out as market broke lower. However, those who wish to, can still short the market.
Yesterday market continued to drop lower but with tight money management, I was triggered SL with 50 pips loss, 1st entry was triggered with 0 lost.
Today, I will stay out as market broke lower. However, those who wish to, can still short the market.
Eurusd update - 11 May 2011
Good morning everyone,
Just woke up in my hotel room and saw market corrected to a low of 1.4270. My entry placed at 1.4290 was triggered and SL was not triggered as market did not go below 1.4250.
Today, I will shift my SL to entry and hunt for entry at around 1.4325 with SL about 50 pips. Target as mentioned yesterday at around 1.4600.
Just woke up in my hotel room and saw market corrected to a low of 1.4270. My entry placed at 1.4290 was triggered and SL was not triggered as market did not go below 1.4250.
Today, I will shift my SL to entry and hunt for entry at around 1.4325 with SL about 50 pips. Target as mentioned yesterday at around 1.4600.
Eurusd update - 10 May 2011 Tues
Good morning everyone,
I am currently having a holiday, enjoying my hot spring in Malaysia. Its a hot spring resort, Felda residence.
Not a bad place just to get away for 1 day to relax and have massage and dip yourself in hot spring. However, you can't do much here especially in the night. There are no activities unless you have a group of 4, you can arrange visits to some night markets.
Anyway, eurusd reach our target top to short yesterday and came down to 1.4250. From the day chart, I foresee that this market will not go down further. Those holding short may have to close the position around 1.4290.
Today, I would favour to pick long around 1.4290 with stoploss below 1.4250 and to pull up for a correction. Target is about 1.4600.
I am currently having a holiday, enjoying my hot spring in Malaysia. Its a hot spring resort, Felda residence.
Not a bad place just to get away for 1 day to relax and have massage and dip yourself in hot spring. However, you can't do much here especially in the night. There are no activities unless you have a group of 4, you can arrange visits to some night markets.
Anyway, eurusd reach our target top to short yesterday and came down to 1.4250. From the day chart, I foresee that this market will not go down further. Those holding short may have to close the position around 1.4290.
Today, I would favour to pick long around 1.4290 with stoploss below 1.4250 and to pull up for a correction. Target is about 1.4600.
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