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Best wishes Teodosy |
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EU Trade
Hello Everyone,
It's been a while since I've posted here. I took a few weeks off for vacation to recharge the battery. Here's a trade I took this morning. For me, this is a very good "Valeo" entry. I was also looking for a short since the general trend is still short and the US stock futures were pointing to a negative open. In the recent economic crisis, a downward US stock market has been associated with a stronger USD as people are moving their assets away from risk. I took my entry at 1.2728 There were a couple key points to watch. The 1.27 level which for EU can always be a turning point and then the 1.2675 level which was the low for the Asian session. Once it passed those levels, it was very likely to come down a lot farther. There was one other point where I watched closely which was at about 1.2620 where there was a pivot line and the price made a small retrace. At 11:00 New York time, I knew the London session was closing and the US is on a holiday, so I thought the run may end around this time which it seemed to do. I received comfirmation from the WPR cross, RSI and CCI5 crossing the zero line. I exited at 1.2548 for 180 pips. I hope others caught this ride! |
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Is it not in the Zipped file? Let me know, please as it shows in mine. Best wishes.
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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I took the short this afternoon guys. Great entry. This is where my favorite trading book - Jiler's Stock Charts from the 60s gave me a big fat edge in getting in on the short @ 1.5212 --- and again and again @ 1.5208.
Check out my wild and crazy chart and then the GBP/JPY for the holding of the EMA15 and EMA8 clues of the breakout beneath lows. Classic day for lots of pips on easy for the more experienced cable traders. With a new president, the downside break was inevitable through the speakers today in my opinion and a technical sell with the trending market, contained sell channel, which broke downside which was expected if you read Jiler's book on market behavior and how that is reflected in charts. The horizontal channel was a dead giveaway.
__________________
LIVE Tradedesk thoughts. LIVE forex trader news commentary. suk1000k's FOREX LESSONS that will make you profitable trader, a relationship with London Forex Broadsheet and much more... PRIVATEFXCLUB.com Last edited by suk1000k; 11-12-2008 at 04:56 PM. |
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