EUR/USD Pre Session 5-10 Jan 2009
Posted by
SuduKarat
Salam,
Happy New Year everybody.. seem weird today because it is the first time i'm writing used the word '2009'. We already face 2008 with EU together, many thing happen to us.. some make a very huge profit n huge losses. On 2008 we see EU seem to ended her (i call EU as a girl, ahhahaha) 8 year Bullish vs USD., so will it it's continue the trend?
It's very hard for me to because i was face a huge losses on opening day Olympic last year. I do expected EU will try another high to re-test 1.6xx again. but i was totally wrong. For this experienced, what should i gain? Reviewed from the past i was aware that in every entry Stoploss (SL) is very important. Greedy will not give you an advantage.. maybe you will win sometime but if faces the Losses. It's was a nightmare.......
Today, i want to share u what i see on EU chart for next session.
Basic Indicator on chart:
1.Trendline
2. Fibonacci Retracement
3. SMA 20 (close), 10 (high) & 10 (low)
Based on the chart we see price already on the SMA 10 (low) wil it become Resistance?
I do believe EU will be at least test on Middle Trendline or Fibonacci Retracement (FR 50.00).
2 Level to be watch this time is FR 50.00 @ 1.3642 & FR 61.80 @ 1.3379. Then we will wait for another price action will it bounce on Lower Trendline or break it to make new low. Anything can happen. I'm just share what i see right now!
My recommendation:
1. Please watch closely when price reach on Middle Trendline.
2. If there a Breakout on Middle trendline wait for pullback then u can enter Sell position n 1st target @ FR 50.00 2nd FR 61.80.
3. Remember this is just overview, not from the active chart right now.. anything can happen. So please bear on mind, Stoploss (SL) is compulsary or we call it 'wajib'.
Where do i set my SL?? Set it on SMA 20 at ur chart.
4. If u see the price closed upper the SMA 20, wait untill it reach SMA 10 (high) and go for the 'Long'.
Last word.. sorry for gramatical error. i'm training to used it better. Gud Luck....... Happy New Year 2009 and 1430 Hijrah.
Happy New Year everybody.. seem weird today because it is the first time i'm writing used the word '2009'. We already face 2008 with EU together, many thing happen to us.. some make a very huge profit n huge losses. On 2008 we see EU seem to ended her (i call EU as a girl, ahhahaha) 8 year Bullish vs USD., so will it it's continue the trend?
It's very hard for me to because i was face a huge losses on opening day Olympic last year. I do expected EU will try another high to re-test 1.6xx again. but i was totally wrong. For this experienced, what should i gain? Reviewed from the past i was aware that in every entry Stoploss (SL) is very important. Greedy will not give you an advantage.. maybe you will win sometime but if faces the Losses. It's was a nightmare.......
Today, i want to share u what i see on EU chart for next session.
Basic Indicator on chart:
1.Trendline
2. Fibonacci Retracement
3. SMA 20 (close), 10 (high) & 10 (low)
Based on the chart we see price already on the SMA 10 (low) wil it become Resistance?
I do believe EU will be at least test on Middle Trendline or Fibonacci Retracement (FR 50.00).
2 Level to be watch this time is FR 50.00 @ 1.3642 & FR 61.80 @ 1.3379. Then we will wait for another price action will it bounce on Lower Trendline or break it to make new low. Anything can happen. I'm just share what i see right now!
My recommendation:
1. Please watch closely when price reach on Middle Trendline.
2. If there a Breakout on Middle trendline wait for pullback then u can enter Sell position n 1st target @ FR 50.00 2nd FR 61.80.
3. Remember this is just overview, not from the active chart right now.. anything can happen. So please bear on mind, Stoploss (SL) is compulsary or we call it 'wajib'.
Where do i set my SL?? Set it on SMA 20 at ur chart.
4. If u see the price closed upper the SMA 20, wait untill it reach SMA 10 (high) and go for the 'Long'.
Last word.. sorry for gramatical error. i'm training to used it better. Gud Luck....... Happy New Year 2009 and 1430 Hijrah.
My first target as told before already hit..
Keep in touch
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