Forex Market Movement

[lianwk]

A mixed week for me. I was busy with a new appointment and as such if you have been following me, less and lesser post from me. I am just too tired to trade and to post.

Well, a summary for the week. My EURUSD trade was stop-out at 1.2780 netting me an overall profit of 235 PIPS. I am wanting to buy USDCHF at 1.0200 since Thursday. The NFP release on Friday 04 Sep 2010 spoilt it. The long pending orders for USDCHF was triggered when the NFP new was released and when the P/L reached 35 PIPS, I moved the stop-loss of my trade to breakeven (I never intend to trade the news release, It was just that I have orders for long trade as I am expecting a USDCHF reversal). Eventually, I finished at breakeven.

Currently my closed P/L has 988 PIPS while I have no open trades.

Let me now try to review and project for the coming week.

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[lianwk]

I said on my weekly summary to short on the failure to break 1.3000 yesterday, but I forget to say to short on the failure to break 1.2900 as well. 1.2900 has been a resistance since 17 Aug 2010 when EURUSD starts its move to the downside.

Failure to break 1.2900 might be one good opportunity for us to short the pair to gain some PIPS. As I have strongly said, "The EURUSD's long term outlook is still bearish". It is the Bull for the USD...

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[lianwk]

A disappointing week for me. No trade at all.

I am busy, really busy with my new work and as such I have no TIME to look at the charts.

Anyway guys, take note of the weekly summary, I will try to advise on possible entry point where you could possibly take your trade.

My current closed P/L stands at 988 PIPS.

Let me now try to review and project for the coming week.

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