Tuesday, May 25, 2010

2010-05-25

still baby steps in recovery mode.
Eur/usd sold again over night, it's clear down trend in bigger picture, just need to find resist point to short it.
1.2240 is one.
break of 1.2180 is another



update, I short couple times, end with little pips.






update2: my short at 1.22359 was missed by 1 pip, didn't fill.

update3: I canceled my order at 1.22359, as price basing at 1.2230 level, the upside breakout is a better chance now...

update4: I had an order at 1.2269 was filled, it's base on the ema62 bounce play in 15 minutes chart. I took half at 1.2260 and rest is running now.



The pop was due to the better than expected news, CC (Consumer Confidence) hits 63.3.
But the overall market was so bearish, I don't think this move will last. Keep my target in pace (1.2210 level) and move my stop to 60.


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