Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Monday, May 24, 2010

EURO/USD Trade SET UP for Today

Special  Trade Set up For Today(Right Now), now at 1.2370/1.2380(US  Pacific 03:34,; GMT 10:34 Mon,, Singapore/Beijing/ KL 18:34 ,Mon)

BUY NOW at  1.2370-1.2385
Stop Loss   at    1.2320
Target       at     1.2550

Additional Info.

Tenkan-Sen level               :1.2524
Kijun-Sen level                 :1.2571
Ichimoku cloud top              :1.2487
Ichimoku cloud bottom          :1.2371

Please see the Technical Analysis on the attached  Graph:-
The said support at 1.2471 on last Friday,,against the last week high at 1.2673, measured from 1.2598, and the further consolidation shall bring it near 1.2385 ,(A retracement from mid of both ,, measured  from 1,2598)

1.2320 is the the level (61.8% retracement of 1.2143 t0 1.2673) to abort the trade.(Note :1.2143 is the recent low)

Happy Trading


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