Thursday, July 31, 2008

Preview over choppy market

Hi all,

Choppy market so far hu? this is too quite and it makes me worry a bit.I have some market preview so far but again..the movement is so damn slow.So here we go:

Eur-Usd :

I have a buy order on this pair.Actually already on profit side for 30-50 pips and I need to rethink about it since I've seen on Us-Jy a buy signal too which is means that the Usd getting stronger and It might push down the other major pair.But I'll watch it for a while if the price able to brake 1.5660ish.If not then maybe I'll put my sl to BE or 30 pips below BE, so it means around 60-90 pips below the current price.



The Usd-Jy:

This pair slowly going up, right now moving along with the trigger line for buy.If the line finally taken out, then I'll close my Eur order.




Usd-Cad:

I have a setup on this pair.But please notice that this pair move slowly.For those who cant wait being in a long trade, dont trade this pair. A sell action should be in favor according to the setup. There is enough room to reach the median line.





The Gbp-Usd:

This time this pair move like Eu and really slow..I've seen this kind of movement before and for the cable to act like this means a major move will occur, I have a setup on daily from pitchfork and candle pattern--same as Eur.If you notice on daily, it perform what we call spinning--a sign of reversal.So let's wait and see.



Ok that's all for now. I cannot post for the last few days since we got a holiday here on my country and I use it to visit gotham city-heh- just refreshing a bit since this month prove to be a long trading month and Im exhausted.This is last day of this month , I hope you'll find next month to be a great month for all of us. Good pipping folks.Cheers.

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