Be cautious, there are right now enormous No. and Quantity of Euros BUYERS ready to stop the Slide of EURO in the BACKGROUND.(Can be viewed by limited fews only), GMT 09:20,, US PACIFIC 02:20,,
KL/ SINGAPORE /Beijing 17:20,,
We can't identify who they are , but your guess may not be too far out. Now the pair is traded at 1.1948.
EXIT YOUR TRADES IF THE REVERSAL HITS ABOVE 1.2000
It looks like THEY may want the Euro/Usd to be within the range 1.1800--1.1900 Temporarily, So that they can buy some precious time to find a FIRE FIGHTING solutions ?(For Short TERMS)?? But we really do not know exactly which level they may want to defend strongly against with....
If the EURO/USD is being pushed up near 1.2000 and stagnant/stablized.,,... WE traders IS switching to major Future indices for potential REVERSAL !! We are buying Long now FTSE,DAX,CAC,S & P 500,,.....SLOWLY..*(Now FTSE is -0.95%, DAX -0.89%,, CAC -1.2%, S & P 500 -0.55%)
I AM STILL VERY BEARISH on the Euro Zone, and I am still SHORTing on all the Euro Crosses. Just keep your eyes open wide, and I propose that you may tighten up the Protective Stop and reduce your trade sizes / AND your leverage accordingly from now on......
Latest Update:The Euro/Usd is still strongly supported at 1.1990..(GMT 11:08,, US Pacific 0409)
BUT OUR SWITCHING TO FUTURE INDICES ARE BEARING FRUITS HARDLY AN HOUR LATER .........
AND THE FTSE,, DAX,, CAC,,S & P 500, DJ ARE NOW ALL NEAR POSITIVE NOW.....
FINAL UPDATE: GMT 12:25 ,, US PACIFIC 05:25,, KL/ HK /Singapore 20:25: Euro/Usd traded at 1.1985(Firm and stable)
Now FTSE +0.12% ,CAC +0.05,, DAX +0.2%, ,S & P -0.1%,DJ near 0%, so most probably ALL the three indices in US will be positive in the opening session ahead..... And we will hold on for a little while to maximise our profits in Future Indices..............
End this Posting now GMT 12:25,, US PACIFIC 05:25,, KL/ SINGAPORE/ HK 20:25
Final Note: We have just covered all our Futures contract.(GMT:12:45,, US PACIFIC 05:45,,)with an average of 0.65% of Europe indices(FTSE/DAX/CAC), and 0.25% on S & P 500 and DJ 0.12%)
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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)
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