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)

Friday, May 14, 2010

GBP/USD just crosses below the psychological level at 1.4500

Watch out ! The GBP/USD has just drifted below the 1.4500 psychological bar.Oh !! It is very bearish Technically indeed !(Just two minutes ago)

. As predicted over the last one week, Right now the pair may be free Falling till the next important support level at 1.4000 ! Traders please be cautious, due to its excessive Sell down and severe Oversold position, the pair may go for a mild reversal soon.

Do keep your position lighter and lower, using tight Trailing Stop to maximise and protect your profits !TAKE SOME PROFIT RIGHT NOW, AND LET THE REMAINING TRADES RUN WITH THE BEARISH TREND !!

Happy Trading
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