Choppy retracement day for EURUSD 19 Oct 2009

Posted by Siwei at 9:07 AM Monday, October 19, 2009

Hi all,

as EURUSD is going for a retracement with sellers looking for a lower low, expect the 1.4820 support to come under testing today. Trading plans would benefit if the aim is to scalp for 10 to 20 pips.


Trade with care and stick to the plan.

Regards,
Siwei

Both side rejection for EURUSD on 12 Oct 2009

Posted by Siwei at 10:05 AM Monday, October 12, 2009

Dear All,
today will be a choppy day as trading volume and volatility is reduced with the US and Japan market having their bank holiday. Expecting sellers to test 1.4650 in the slow downtrend today in the London session and buyers to push EURUSD towards the 1.4720 area for a higher high area.
Plan your trades and enter when there is good criteria for today.
Regards,
Siwei

EURUSD a downclose day on 5th Oct 2009

Posted by Siwei at 10:23 AM Monday, October 5, 2009

Hi all,
expecting a downclose day for EURUSD.
Selling strength will pick up after good rejection at 1.4462, else the retracemet phase of EURUSD will try fora higher high around 1.4705. As this is an inside day, trade with a plan and enter only when there is a good setup.
Regards,
Siwei

EURUSD a downclose day

Posted by Siwei at 12:44 PM Monday, September 28, 2009
Hi all,

given the recent strengthening of the USD this morning across all pairs, do plan your trades first before entering a position. Remember not to chase the market and enter with the trend.

Regards,
Siwei

EURUSD choppy retracement 21 Sep 2009

Posted by Siwei at 11:58 AM Monday, September 21, 2009
Hi All,
expecting a sideways market for the better part of today as bears are fighting for control over for a bigger retracement. As this is an inside day, market movement will be choppy and this is expected as buyer's strength and momentum have weakening considerably.
Buyers support would be tested when sellers push for a low below 1.4640 and Sellers try to hold off the any attempts of a high above 1.4732.
As Japan is having is bank holiday week, only enter positions which offer good reward potential as there is a lower volume and increased volaility.
Regards,
Siwei
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