Good morning everyone,
Yesterday, I manage to catch a short at 1.3660 before I rush out to give a small talk. Sad to say, I didn't manage to update here. Anyway, congrats to those who caught it too.
Today, eurusd is likely to turn down further. Good to pick short around 1.3610 or when eurusd breaks below 1.3550. SL around 50 pips. Target exit is around 1.3475.
Eurusd update - 29 Sep 2011 Thurs
Good morning everyone,
Yesterday I manage to have a break even trade, meaning 0 loss only after shifting my stop.
Today, I have 2 alternatives to pick short.
1st is to pick short around 1.3575 with SL 50 pips. Target exit is around 1.3420.
However, if eurusd climbs further, I favour picking short again around 1.3610 with 50 pips SL. Target exit is around 1.3450.
Yesterday I manage to have a break even trade, meaning 0 loss only after shifting my stop.
Today, I have 2 alternatives to pick short.
1st is to pick short around 1.3575 with SL 50 pips. Target exit is around 1.3420.
However, if eurusd climbs further, I favour picking short again around 1.3610 with 50 pips SL. Target exit is around 1.3450.
Eurusd update - 28 Sep 2011 Wed
Good morning everyone,
Looks like eurusd still in consolidation stage. I would be picking short today from 1.3620 - 1.3650. SL around 40 pips. Target exit is around 1.3450.
*Hello everyone, I too make mistakes and have indecisiveness at times. Reason for saying this is that right now, eurusd is turning down. However, I am viewing it as a retracement so I have pick long around 1.3570 with SL around 1.3540. Target is back to my 1.3800.
I am abandoning my short view for today.
Looks like eurusd still in consolidation stage. I would be picking short today from 1.3620 - 1.3650. SL around 40 pips. Target exit is around 1.3450.
*Hello everyone, I too make mistakes and have indecisiveness at times. Reason for saying this is that right now, eurusd is turning down. However, I am viewing it as a retracement so I have pick long around 1.3570 with SL around 1.3540. Target is back to my 1.3800.
I am abandoning my short view for today.
Eurusd update - 27 Sep 2011 Tues
Good morning everyone,
Sorry been busy today. I wasn't able to see the chart and do my update here until now.
Anyway, eurusd has broken the resistance at 1.3550. Since I am holding a long yesterday till now, I am staying put.
For those who wish to pick long now, SL is a bit wide about 80 - 90 pips to prevent the swing. However, target remains the same at 1.3800.
*I have just closed my position with 100+ pips profit. I see eurusd forming multiple antennas. There is a possibility of eurusd reaching back my entry level, so money in the pocket first. I will have to hunt for new entry again later. Will keep everyone posted if got any new trades.
Sorry been busy today. I wasn't able to see the chart and do my update here until now.
Anyway, eurusd has broken the resistance at 1.3550. Since I am holding a long yesterday till now, I am staying put.
For those who wish to pick long now, SL is a bit wide about 80 - 90 pips to prevent the swing. However, target remains the same at 1.3800.
*I have just closed my position with 100+ pips profit. I see eurusd forming multiple antennas. There is a possibility of eurusd reaching back my entry level, so money in the pocket first. I will have to hunt for new entry again later. Will keep everyone posted if got any new trades.
Eurusd update - 26 Sep 2011 Monday
This week, eurusd has a possibility to turn up this week. After the meeting, IMF said they are ready to support Euro nations in their efforts to resolve the region's sovereign debt crisis.
However, the chart outlook is more prone that eurusd will turn down further.
I also favour eurusd to turn up. I favour picking long again if eurusd test support level at 1.3420. SL around 40 pips. Target exit is around 1.4000.
*Hello Everyone, target exit is a mistake. It should be 1.3800, NOT 1.4000. Thanks to Ai Shiang for spotting it. Anyway, eurusd has broke my support. I guess what we can do tomorrow.
In the meantime, I might not want to pick short because the stop loss can be pretty high up. So I am waiting for better chance.
Eurusd has formed a reversal. I am picking long with SL at 1.3360. I expect eurusd will reverse up from here. Expected target will be around 1.3800.
However, the chart outlook is more prone that eurusd will turn down further.
I also favour eurusd to turn up. I favour picking long again if eurusd test support level at 1.3420. SL around 40 pips. Target exit is around 1.4000.
*Hello Everyone, target exit is a mistake. It should be 1.3800, NOT 1.4000. Thanks to Ai Shiang for spotting it. Anyway, eurusd has broke my support. I guess what we can do tomorrow.
In the meantime, I might not want to pick short because the stop loss can be pretty high up. So I am waiting for better chance.
Eurusd has formed a reversal. I am picking long with SL at 1.3360. I expect eurusd will reverse up from here. Expected target will be around 1.3800.
Eurusd update - 23 Sep 2011 Fri
Good morning everyone,
I strongly believe past 2 days were just an act to trigger some positions in the market.
Well, it definitely frustrated me a bit too.
Anyway, I believe sentiments should be more calm now since US is already in deep trouble.
So I favour picking long around 1.3450 if eurusd forms a reversal at this level. SL will be around 50 pips. Target exit is around 1.3800.
I strongly believe past 2 days were just an act to trigger some positions in the market.
Well, it definitely frustrated me a bit too.
Anyway, I believe sentiments should be more calm now since US is already in deep trouble.
So I favour picking long around 1.3450 if eurusd forms a reversal at this level. SL will be around 50 pips. Target exit is around 1.3800.
Eurusd update - 22 Sept 2011 Thurs
Good morning everyone,
When I wake up and look at eurusd, my eyes nearly popped out. I am dumbfounded. Must be some fundamentals again that rock this pair. Anyway, I am still in profit for the month.
Today, eurusd may drop further but I am quite skeptical about the movement. I am staying on the sideline this time again. Because there will be a meeting of finance ministers from the BRIC emerging nations -- Brazil, Russia, India and China -- in Washington on 24 Sept. Therefore, eurusd may swing again but I do favour eurusd to strength from the BRIC rescue.
When I wake up and look at eurusd, my eyes nearly popped out. I am dumbfounded. Must be some fundamentals again that rock this pair. Anyway, I am still in profit for the month.
Today, eurusd may drop further but I am quite skeptical about the movement. I am staying on the sideline this time again. Because there will be a meeting of finance ministers from the BRIC emerging nations -- Brazil, Russia, India and China -- in Washington on 24 Sept. Therefore, eurusd may swing again but I do favour eurusd to strength from the BRIC rescue.
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