Wednesday, July 16, 2008

Out of the Town

I guess im cant analyze the chart today.

Happy Trending


Tuesday, July 15, 2008

Great Cross

It was a great cross yesterday at 1H TF, it push up the price more than 100 points from the cross to the 1.9860 area.
Buying sterlings still interesting to me, 2.0 looks like to be a good place to entry. Any retracement should be facing supports around 1.9915 and 1.9850 for further retrace.

Todays strategy:
-place pending order at 2.0003 and stop at 1.9970, take 50-100 pips profit. Close the order if the price run suspiciously.

Happy Trending


try to break the 2.0 level

Monday, July 14, 2008

Wait And See

I move out to a new house last week, so i cant posting normally on the last week.
An upward sign shows on the weekly candle formation, as long as the price not reach the 1.9700 support the upward will countinue try to break the 2.0200 resistance. I try to find some good price to buy on this week using EMA34 on 1 H TF.
Today im gonna wait and see whats gonna happen but still i pay attention to a nice cross by the EMA on 1H TF so i can go long.

Happy Trade


this week probability