Wednesday, October 12, 2005

Trade of the Day: Euro

H1 Chart
Current Price: 1.1980
(Below D1 support of 1.2005)
Trend Check: D1 Up; H4 Down; H1 Down; M30 Down



A potential LONG positon: Enter position only when seeing trend reversal at least on both M30 and H1 charts.

Updated(1) 0915 GMT: Entered at 1.1980. We have got confirmation on both M30 and H1 charts about 15 mins ago, stay long with stop loss at 1.1960, intial target of 1.2050.

Updated(2) 1345 GMT: Exit at 1.2030. Although didn't quite hit the target of 1.2050, I will be happy to close this position for a 50 pips profit for now. I will continue to monitor and buy at the next dip.

1 comment:

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