July

July Euro's Price Action kinda hard to trade. However, i am quite happy with a 24.44% growth.

Idiot IBFX

I dont know whats wrong with IBFX, the demo server keeps disconnecting since the last month. Really screwed up. ZZZ

Price Action for July 2009

Price developing similar pattern for this month compared to April. We may see more downside to EUR/USD.

Yeah~

This week ended with much profitability in trading EUR/USD, had a bunch of nice pips to sleep with over the weekend. Going to attend the launch of M10- Magic the Gathering, card game on Saturday~!

Fading 1.3746

1.3746 area is crucial support for Euro. This area has a confluence of 38% Fibo and Monthly Pivot Suport. There is a Swing Low in June 16 and Swing High in March 19-23.

I may FADE this area.

Month of July

Month of July started with a bang and some good volatility. An UP day on 1st of July and a DOWN day on 2nd of July.

Lets see what this month's price action has to offer.

If price breaks 1.3920 we will see more downside as this area is 38% Fibo from June 16 low to July 1st high.

If price breaks back above 1.41oo, we may see more upside.

26 June 09

1.4040 is a strong resistance with a confluence of fibo points and also 1.4050 No Brainer Level. I expect price to test this level today.

23 June 09

Finally there is a Breakout today after ranging for the whole week. Price bounce of the monthly pivot support and broke the upper trendline. If price can stay above 1.4000 today, the uptrend is still intact. Be careful of FOMC meeting tomorrow.

Waiting for a break...

1.4000 Neutral Zone

Price is now at 1.4000 the Neutral Zone. Last week's candle is a doji with a high of 1.4176 and a low of 1.3804. A break of the high or low of this weekly doji candle will determine the direction of this pair next week.

Euro contained in a wedge pattern.

My Withdrawal

After trading Forex for 8 months. Today is my First withdrawal. Wow, ecstatic!

Euro Week Ahead

Looking forward to see Euro test the Lower Trendline.

Euro bounce off 1.4100 beutifully and went straight up. We will see 1.4365 soon.

Euro June 1- 5th

May has been quite profitable. And i m glad Diversity won Britain Got Talent, really an Awesome dance act.

Euro has created another high again for the year. There is a steady lower trendline in the H1 chart. Congestion Area is at 1.4050 - 1.3956. I will be looking for bounces at 1.4050/1.4023/1.3980.

Support for Euro:
1.4100
1.4050
1.4023
1.3980
1.3800

Resistance:
1.4182 (50% Fib)
1.4365
1.4400
1.4532