Hello everyone,
Finally, eurusd reach my target price at 1.3600. I personally feel that eurusd will turn down. I have shorted this market at around 1.3590 with SL around 1.3610. With expectation that eurusd will start turning down.
If my view is right, this is a good trade with good risk/reward ratio.
Eurusd update - 10 Oct 2011 Mon
Good morning everyone,
This week, we will likely see eurusd continue to weaken.
Right now, eurusd is in my favour level for shorting which is around 1.3450 - 1.3480. SL 50 pips. i expect eurusd to fall back to 1.3100 and this time, it will test 1.30000.
This week, we will likely see eurusd continue to weaken.
Right now, eurusd is in my favour level for shorting which is around 1.3450 - 1.3480. SL 50 pips. i expect eurusd to fall back to 1.3100 and this time, it will test 1.30000.
Eurusd update - 7 OCT 2011 Fri
Good morning everyone,
Yesterday, Eurusd broke up higher. I actually turn long around 1.3275. Eurusd already formed 4 top, eac higher than another while the bottom is always higher than each other.
Today, I expect Eurusd to lower to 1.3390 region. SL aroun 50pips. Target exit is around 1.3600.
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Yesterday, Eurusd broke up higher. I actually turn long around 1.3275. Eurusd already formed 4 top, eac higher than another while the bottom is always higher than each other.
Today, I expect Eurusd to lower to 1.3390 region. SL aroun 50pips. Target exit is around 1.3600.
- Posted using BlogPress from my iPhone
Eurusd update - 6 Oct 2011
Good morning everyone,
Eurusd is currently consolidating within a range 1.3260 - 1.3375. I can say we relax and watch the market, let's wait until market breaks either direction then we enter trade. In the meantime, market definitely will swing us out if we keep taking sides.
Well, when I say sides it is meaning euro side or US side. Its the battle of the currency now! Which side will emerge victorious in keeping their currency weaker? Lets wait.
Eurusd is currently consolidating within a range 1.3260 - 1.3375. I can say we relax and watch the market, let's wait until market breaks either direction then we enter trade. In the meantime, market definitely will swing us out if we keep taking sides.
Well, when I say sides it is meaning euro side or US side. Its the battle of the currency now! Which side will emerge victorious in keeping their currency weaker? Lets wait.
Eurusd update - 5 Oct 2011 Wed
Good morning everyone,
Sometimes when trading I will feel like going Aaaaarrrrrgggghhhh...
Esepcially cases like last night. When eurusd rose after Bernanke said that they may stimulate the economic growth.
Anyway, today trading is quite hard. Topside immediate resistance is at yesterday high around 1.3370 and 2nd resistance around 1.3410.
However support is at the current low right now1.3263.
I believe today, eurusd may do some swing. However, I will still favour picking a short, therefore, if eurusd failed to break the 1st resistance around 1.3370 and form a reversal, I will go for short, SL 50 pips. With target exit back to 1.3150.
Sometimes when trading I will feel like going Aaaaarrrrrgggghhhh...
Esepcially cases like last night. When eurusd rose after Bernanke said that they may stimulate the economic growth.
Anyway, today trading is quite hard. Topside immediate resistance is at yesterday high around 1.3370 and 2nd resistance around 1.3410.
However support is at the current low right now1.3263.
I believe today, eurusd may do some swing. However, I will still favour picking a short, therefore, if eurusd failed to break the 1st resistance around 1.3370 and form a reversal, I will go for short, SL 50 pips. With target exit back to 1.3150.
Eurusd update - 4 Oct 2011 Tues
Good morning everyone,
My sincere apologises. I meant short yesterday. I did an edit and hope that everyone did saw the edit below.
Anyway, eurusd has reached my target. Another good trade.
I believe the next strong support is at the psychological level 1.3000. Therefore, I expect eurusd to consolidate after hitting 1.3000. So good to pick short today, when eurusd retrace to 1.3230 - 1.3250. SL is around 50 pips. Target exit is around 1.3000 - 1.3050.
*Hello guys, good to pick short also if eurusd breaks support at 1.3160. SL remains at 50 pips. Target exit remains at 1.3000.
*Hello everyone, just to inform everyone this late that I have just shorted eurusd at 1.3265 after a reversal formed. I still think eurusd will still turn down.
My sincere apologises. I meant short yesterday. I did an edit and hope that everyone did saw the edit below.
Anyway, eurusd has reached my target. Another good trade.
I believe the next strong support is at the psychological level 1.3000. Therefore, I expect eurusd to consolidate after hitting 1.3000. So good to pick short today, when eurusd retrace to 1.3230 - 1.3250. SL is around 50 pips. Target exit is around 1.3000 - 1.3050.
*Hello guys, good to pick short also if eurusd breaks support at 1.3160. SL remains at 50 pips. Target exit remains at 1.3000.
*Hello everyone, just to inform everyone this late that I have just shorted eurusd at 1.3265 after a reversal formed. I still think eurusd will still turn down.
Eurusd update - 3 OCT Mon
Good morning everyone,
I am at KL now but still network for myself. So Eurusd open gap down, I believe Eurusd will retract to1.3370 - 1.3390, good to pick long around these levels. SL around 50 pips. Target exit will be around 1.3200.
*Guys it's short and not long!!! I am so sorry.
- Posted using BlogPress from my iPhone
I am at KL now but still network for myself. So Eurusd open gap down, I believe Eurusd will retract to1.3370 - 1.3390, good to pick long around these levels. SL around 50 pips. Target exit will be around 1.3200.
*Guys it's short and not long!!! I am so sorry.
- Posted using BlogPress from my iPhone
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