Wednesday, January 31, 2007

Forex strategy

Hello Traders,

URGENT !!! - IF AFTER US RATE DECISION I WILL TRY TO TAKE POSITION I WILL UPDATE MY BLOG !!!

Today important:
EUR - German and Eurozone unemployment
GBP - Consumer Confidence
CHF - KOF
CAD - GDP
USD - GDP Ann and Chicago Index
USD - RATE DECISION !!!

EUR-USD - Resistance 1,2985-3005, move above this level will be bullish, imortant propably will be rate decision later today, so better to wait till this time:

Startegy: Stand aside for now


GBP-USD - Exactly as I wrote yesterday, some short should work... :) I take profit from my short here 1,9570...

Strategy: Short from yesterday at 1,9655 sl 1,9705 close here 1,9570...


USD-JPY - rest our long was closed on b/e, look to buy later today ...

Strategy: Try to buy on deeper deep if seen

NZD-USD - This fall should start on Monday hmmm for mew to late, sorry yesterday was my wrong if You closed short too early...


USD-CAD - our long was closed with small profit...

Strategy: Wait for CAD data, will try to buy again..

Good Luck
Piotr

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