Showing posts with label forex tip. Show all posts
Showing posts with label forex tip. Show all posts

Sunday, March 22, 2009

last week's round-up, this week's calls.

another spate of decent calls last week methinks.
EUR/USD: we were bullish on the euro and, boy, didn't that baby go. We were left with a long white, which signals a continuation of the bullish tone. However, I'm ready to wait and see what happens in the next 24 hours or so. Ready to consider a long at this juncture only if price falls to 1.32
GBP/USD: there certainly was a pause in cable's downtrend last week and the ensuing bullish engulfing is a buy signal. However, fools rush in and I won't be looking to buy until price falls to around 1.42.
USD/JPY: we called a bear bias for last week and that's how things panned out. I'm looking to trade a 94-99 range this week.
USD/CHF: the previous week's bullish engulfing was engulfed in turn by the bears last week. You could try looking for shorting opportunities if price rises to 1.15 but beware the SNB.
EUR/GBP: This pair is paying out nicely at the moment. I'm still ready to buy but I am waiting for a bullish daily candle to close above 0.95 before jumping in again

Thursday, March 12, 2009

eur/gbp's doji may well be signalling a pause.

Thursday looks like it's closing as a doji, perhaps signaling a correction for Friday. I'm raising my stop loss to 0.9200, meaning I'll be left with 150 pips in the bag if I get stopped out.

Sunday, March 1, 2009

last week's call & this week's too

... last week's forecast wasn't too far short of the mark imo. EUR found resistance at 1.30 and went down to test the target at 1.26. Downside action for cable kicked in around 1.46 but just fell short of the target at 1.41. I was long for usd/jpy and although price failed to fall to my trigger at 92, going long at 95 saw a tidy profit just shy of 98. I was a wee bit out on chf, however no downside break of 1.15 meant no short was opened.

...this week, eur/usd has turned slightly more bearish and I'll be looking for downside action within a range of 1.2850 and 1.25. the spinning top on cable will prompt me to look for opportunities to sell sterling against the dollar around 1.4370. usd/jpy was proudly bullish last week. this could well continue and I may try buying around 97 with a target just shy of 100. However, if the pair hit 100, I will be looking to short. usd/chf is range-bound and I'll be perking up when price action nears the boundaries of the range, that's 1.15 and 1.18.

Monday, February 23, 2009

position on eur

...placed this order just after 14:00:
Sell@1.2770; s/l@1.2834; t/p@1.26:


position opened at 14:30.
 
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