EUR/USD Forex Trades
I’m working on my forex training videos and I’ve missed this trade. Buy at 200 EMA + Fib + ’50 level. Initial stop is 5 pips. 1st target 5 pips, 2nd 10-12 pips. By moving the stop of the last part below swing lows I follow the price move.
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STE off 100 EMA. 1st part closed at +5 pips, the rest of the position was stopped at -5 pips.
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Asian sovereigns again absorbed the early EURUSD selling yesterday and were able to push the pair back up. The bad news from Greece are not any news and the forex market participants got used to it. Soon they may have to accept some new currencies such as Greek drachma or may be Deutsche mark but the bulls still don’t care and buy euro on dips (http://www.cnbc.com/id/43473039). A symmetrical triangle pattern is forming on the daily chart. This is a continuation pattern and the more...
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STE at previous low. 1st part closed for 6p profit, 2nd for 12p profit, stop at +6p.
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EURUSD rallied two big figures Friday based on expectations of agreement for the new Greece debt financing package. The real reason in my opinion was just some short squeeze before the weekend. This is one of the most favorite tricks of the large forex market participants. They don’t care about Greece or EZ. They just want other people’s money. Euro starts the new week on a soft note. It is obvious that no one can save Greece from default and there is no reason to hold long...
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