we have entered our first sell position for the week, the pair has to close above 0.9386 today for us to close our sell position, because for this month we spotted price, period cycle at 0.9386. we are targeting 0.9300. please also note we do observe eur/usd before taking decision on this pair, our exit we also be determine by eur/usd price action on our located support and resistance for the week .
Monday, May 6, 2013
Sunday, May 5, 2013
USD/JPY TRADE SETUP 5/5/2013
obviously usd/jpy has a resistance in mind, we had to intentions of selling it either, our strategy is to locate were to expect possible price action, because there is periodic price cycle that we have observe, the market has short memory of price which it observe at all time frame
position- we are placing a buy limit @ 97.11 when the market opens with 100.10 in view
position- we are placing a buy limit @ 97.11 when the market opens with 100.10 in view
EUR/USD ENTERY AND SIGNAL 05/05/2013
looking forward to exploit the statement by markel, she said eur/usd should move between 1.3000 and 1.4000 that was weeks before the eur zone raise discussion on interest rate cut, a week before the interest rate cut, my babe ( i mean Angela markel), said German will welcome interest rate hike, which gradually took eur/usd to 1.3240. while i believe are verbal influence on eur, was after interest rate cut and still eur was unable to nullify 1.3030. i am not in favour of any direction, but looking forward to price action at 1.3253 and 1.3040,
my trading opinion on eur/usd is
sell limit @ 1.3251
buy limit @ 1.3040
my trading opinion on eur/usd is
sell limit @ 1.3251
buy limit @ 1.3040
Saturday, May 4, 2013
Thursday, May 2, 2013
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