Last Updated on Thursday, 8 April 2010 09:28
Written by admin
Thursday, 8 April 2010 09:28
eur resistance 13340 and 13375-80, watch there for sells
This entry was posted on Thursday, April 8th, 2010 at 9:28 am and is filed under Forex Market Updates.
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looks like we missed cad..
Are we still looking to buy USDCAD near parity again for the next run up?
BTW you were spot on calling the USDCAD so far this week (within a few pips…but awesome). THX.
EURUSD has been working out great as well on supports and resistances too. THX.
300 pips stop loss hit on euro, from 3380 sell, ouch! Lost 30% of account. All good, I have been hit harder before. Any ideas from here? To coup the loss? Thanks.
Hey Bay, Just have to trade it back. but sounds like your not familiar with flow levels because you had a 300 pip stop which I guess you just put yourself. These are intraday levels unless mentioned otherwise holding. 30-50 pip stop is more than enough, majority of time the level will turn enough so we can get breakeven. if flows are absorbed at a level it will move to next level. On the level and day you mentioned when 13380 was hit it topped there and went back to 13342 which is more than enough room for some profit and definitely enough to protect the entry at breakeven. usually always the same routine so get use to that if not familiar with flow levels