World Clocks

Monday, September 08, 2008

Market News Weekend Trade Gap

  • Shorted Euro again after upward weekend price gap.
  • During Asian trading, wasn't certain if the move upwards could be sustained so waited to see whether the trendline could be broken during European open.
  • Bull candle was engulfed by huge Bear candle at Euro open.
  • Gap that was key support area was also taken out.
  • This trade was down as much as -80, however stayed with trade and let trend turn it into a winner +120 pips.





Posted by Seaducer67 at 8:33 AM

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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.