Thursday, January 25, 2007

Forex strategy

Hello Traders,

Today:
EUR - IFO below market, so holding short or sell EUR on rally.
As I wrote yesterday, EUR backed below 1,30, this could suggest bigger fall in a days ahead.
Strategy: Holding Short with sl @ b/e or sell EUR on rally with sl @ 1,3065

GBP-USD - As I wrote yesterday, quick profit was taken :) from short GBP. Today watching carefull, eventual short on bigger rally...

USD-JPY- crazy market yesterday :) first our long was 1 pip ahead of sl few minutes later long saw our profit. Today pair backed below 120,60 so JPY could be stronger in a days ahead.
I hope all Traders bought yesterday jpy on dip ? Congratulations, very good profits

JPY - Look to buy on dip again - remember important JPY data later today


USD-CAD - long was closed at 1,18 where sl was putting when prices touched 1,1825-30

GOOD LUCK

Piotr

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