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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 10, 2010

Trade-Set-up EURO/USD (A002)

In view of the projected mild correction, Basing on the various Resistance and Fibonacci retracement  level.( taking into consideration the opening level @ 1.2729, its peak @1.3092,(intraday), we propose that you try to set up this trade, as we predict the continuation of the bearish trend ahead:-

EURO/USD
Sell short at 1.3100
Stop loss at  1.3200
open limit
Take out the trade if not triggered by  5pm Monday NY time, do not carry it over to Tuesday.
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