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FOREX News & ViewsBy: Derek Frey January 05 , 2009 Quick Links Register Now Related Topics About the Author General Market Comments: 2009 is here! Welcome 2009! 2008 is now behind us all and we are looking forward to 2009. 2008 taught the world some important lessons. One of those lessons was risk…
Will consider buying eur/usd betwen 3380-3400 as long as we have a new support and subsequent validation tap in the 97-03 area for 40 pips profit with extension to 3501. Stop loss will be 1.3371 but will tighten to entry value once 1.3421 is reconfirmed and will tighten stop to 81 area after entry. Risk…
Observing our last forecast and if you followed the eur/usd bear collapse from our pinpoint resistance at 3659 the market has initially satisfied our profit target 2 (pt2) at 1.3333. As described — Dollar Index divergence was accurate and our Primary Movement Timing Program (PMTP) correlated particularly and more precisely with the GBP to the moment. We…
E/U 1.3630 550pm NY We are not fibo retracement traders. We do not (rarely ever) trade bounces against a most recent technical move. This leaves me trading less than 1% margin with a bull break above 1.3659 after a tap back to 34 to targett 1.3744 (less or more). Our preference is to consider the bearish…
1.3607 – 11:07am NY This bearish move was firmly technical on the 1Hour with the exception the burst failed to validate new resistance at 1.3803-24 and also 1.3916. Rebounds target 1.3724-.3793-1.3849. Our first profit target (pt1) is satisfied at 1.3714 and pt2 is 1.3337-1.3263. We hope to share our next entry in advance but…