Thread: Learn to Trend
View Single Post
  #61 (permalink)  
Old 09-12-2007, 07:32 AM
yyc196's Avatar
yyc196 yyc196 is offline
Senior Member
 
Join Date: Dec 2006
Location: Earth
Posts: 198
yyc196 is on a distinguished road
Cool Today's trade

Hi,

For today trade I shall be focusing mainly on the Cable, EUR and scalp a bit of CHF.

GBP - Since yesterday the price has move above the fib 61.8%. The ADX is now below 35 level. However, the Stochastic is still on it way form a trend. I will wait for more tell tales sign.

EUR - Stochastic is a bit too high to go further uptrend but the ADX is below 35. But the weekly uptrend is strong. Shall wait and see.

CHF - The trend is still very uncertain due to the reason I suspect yesterday. I will only sclp this pair for small profit.

CAD - The ADX has just gone down meaning that this pair is under price correction. Not worth trying for intraday I think.

AUD - Look like a strong continue uptrend. Loking for good opportunity to enter a good position.


Reply With Quote