World Clocks

Tuesday, August 01, 2006

In Range NFP Week


  • 1 stop hit, 1 closed early for a small loss. 1 +27 and closed at the top of the BBand.
  • Resistance level has held for 2 good days, and don't expect any real moves till this friday.
  • Target are going to be no more than +40 intraday
  • Entry has to be right at bottom Band, since the EUR is still Bullish. There was an attempted reversal on the Short side early Asia session, but that failed, so with the trend buy the dips is still bias.

0 comments:

Disclaimer

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.

Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.