World Clocks

Saturday, August 30, 2008

Week of Aug 24-29 2008 Euro
















  • The Euro continues to range and remain weak, in line with oil.
  • Resistance levels also holding well as any short term reversal hasn't materialized.
  • There is a possible chance of a bounce next month if equity markets weaken.
  • We're holding this trade for 100 ticks and will redraw trendlines as needed.

Update: Trade and trend moving favorably, 25 pips from target. Trend lines were redrawn but entry remained in place.

Entered @ 1.4691 15 pips late but so far so good.

Final Results:

Target Hit for 116 Pips - Euro continued to slide well beyond this target for another 90 pips.











Posted by Seaducer67 at 2:53 PM 0 comments
Subscribe to: Posts (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.