Good morning everyone,
Eurusd turned down only during NY session, due to fundamentals. No trade was done as I took order out after 7pm SG time.
Right now, eurusd is testing the support at 1.4350. However, eurusd may go lower today to test 1.4325 before turning up again. Good to hunt for long if eurusd drop to this level and reverse. Target top is around 1.4440.
Eurusd update - 31 Aug 2011 Wed
Good morning everyone,
Yesterday eurusd broke my support level, I went in at 1.4484 with 50 pips stop. I have exit at 1.4412 after I see the consolidation at the bottom.
Today, I expect eurusd may turn up. Therefore, I favour picking long around 1.4400 with 25 pips stop. Target exit is around 1.4520.
Don't compromise on the stoploss as market will continue lower if it breaks below 1.4385.
Yesterday eurusd broke my support level, I went in at 1.4484 with 50 pips stop. I have exit at 1.4412 after I see the consolidation at the bottom.
Today, I expect eurusd may turn up. Therefore, I favour picking long around 1.4400 with 25 pips stop. Target exit is around 1.4520.
Don't compromise on the stoploss as market will continue lower if it breaks below 1.4385.
Eurusd update - 30 Aug 2011 Tues
Good morning everyone,
Eurusd did not reach my entry bottom yesterday but managed to climb to my target top.
Right now, eurusd is consolidating.
I favour only to trade when eurusd breaks out of either end at 1.4484 or 1.4438. Meantime, I would just let it consolidate.
Eurusd did not reach my entry bottom yesterday but managed to climb to my target top.
Right now, eurusd is consolidating.
I favour only to trade when eurusd breaks out of either end at 1.4484 or 1.4438. Meantime, I would just let it consolidate.
Eurusd update - 29 Aug 2011 Monday
Good morning everyone,
Last Friday, my trade was protected by my stoploss.
This week, looks like eurusd may turn up shortly before it reverse again. Anyway, right now, its good to pick long around 1.4420 - 1.4440 with 50 pips SL. Target exit is around 1.4550.
Last Friday, my trade was protected by my stoploss.
This week, looks like eurusd may turn up shortly before it reverse again. Anyway, right now, its good to pick long around 1.4420 - 1.4440 with 50 pips SL. Target exit is around 1.4550.
Eurusd update - 26 Aug 2011 Fri
Good morning everyone,
Yesterday, eurusd broke support at .14375. However, eurusd is supported at 1.4320 and today, market is aniticpating the speech by Fed chairman Bernanke.
Anyway, I still holding on my short view on eurusd. I shorted eurusd at 1.4465 yesterday. Therefore, shift all stop to entry level to protect the position. Today, eurusd may stay sideway until tonight's speech.
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Yesterday, eurusd broke support at .14375. However, eurusd is supported at 1.4320 and today, market is aniticpating the speech by Fed chairman Bernanke.
Anyway, I still holding on my short view on eurusd. I shorted eurusd at 1.4465 yesterday. Therefore, shift all stop to entry level to protect the position. Today, eurusd may stay sideway until tonight's speech.
An additional announcement, our Gold Trading Indicator catch the drop in gold on Wednesday and gain over $60 profits. 1 standard contract, we are talking US$6000.
So interested party, please email me at aaron@pwforex.com if any enquiries.
Eurusd update - 25 Aug 2011 Thurs
Good morning everyone,
Yesterday eurusd fell to 1.4375 after failing to break 1.4500. I took a short at 1.4468 with small stop at 1.4490 and lucky enough, eurusd climb higher to 1.4481, never trigger my stop and turned down.
Today, I reckon that eurusd may climb back to 1.4470 region again. Good to pick short around this region. Stop can be place around 1.4490. Or pick short if eurusd breaks below support at 1.4375.
Once eurusd breaks below, we are certain to see 1.4200 before the week close.
Yesterday eurusd fell to 1.4375 after failing to break 1.4500. I took a short at 1.4468 with small stop at 1.4490 and lucky enough, eurusd climb higher to 1.4481, never trigger my stop and turned down.
Today, I reckon that eurusd may climb back to 1.4470 region again. Good to pick short around this region. Stop can be place around 1.4490. Or pick short if eurusd breaks below support at 1.4375.
Once eurusd breaks below, we are certain to see 1.4200 before the week close.
Eurusd update 2 - 24 Aug 2011 Wed
Good afternoon everyone,
German IFO business climate and Industrial New Orders was lesser than expected after their release at 4pm and 5pm SG time. Furthermore, there was more than 40,000 job cut by European banks.
Technically, euro currency should weaken further after such news. however, eurusd shoots up to 1.4469, if eurusd fails to break 1.4500 in the next candle and forms a reversal. It is good to pick short.
Remember to put your stop. I believe eurusd will fall back to 1.4200 this week.
German IFO business climate and Industrial New Orders was lesser than expected after their release at 4pm and 5pm SG time. Furthermore, there was more than 40,000 job cut by European banks.
Technically, euro currency should weaken further after such news. however, eurusd shoots up to 1.4469, if eurusd fails to break 1.4500 in the next candle and forms a reversal. It is good to pick short.
Remember to put your stop. I believe eurusd will fall back to 1.4200 this week.
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