1 May 2009
Morning 0800hrs SGT
I expect a quiet trading day. Doing a Fib retracement, I expect the trading to be within range of 1.612 and 1.619.
As the trend is still bullish, I will wait for its retracement to 1.612 and TP 1.619. I will continue to do so for the day, unless it break out towards either above 1.624 or below 1.61, then I will follow the direction.
If it goes up, I may do a long at 1.625, TP 1.64, or short at 1.608, TP at 1.602.
The Isaish Initiative Account
It is in the process of setting up, so no gain or loss to report.
Evening 1700hrs SGT
It break up and trigger long at 1.625 and TP at 1.64. Profit 150
GU will hit a high at 1.6432 and has start to retrace.
Using Fib Retracement, first line of retracement is at 1.633, followed by 1.6297
I will long at 1.633, as the trend is still bullish and TP at 1.638, a 50 pips, SL at 1.6265.
If it goes below 1.6162, give up all long position to go short.
I expect a quiet trading day. Doing a Fib retracement, I expect the trading to be within range of 1.612 and 1.619.
As the trend is still bullish, I will wait for its retracement to 1.612 and TP 1.619. I will continue to do so for the day, unless it break out towards either above 1.624 or below 1.61, then I will follow the direction.
If it goes up, I may do a long at 1.625, TP 1.64, or short at 1.608, TP at 1.602.
The Isaish Initiative Account
It is in the process of setting up, so no gain or loss to report.
Evening 1700hrs SGT
It break up and trigger long at 1.625 and TP at 1.64. Profit 150
GU will hit a high at 1.6432 and has start to retrace.
Using Fib Retracement, first line of retracement is at 1.633, followed by 1.6297
I will long at 1.633, as the trend is still bullish and TP at 1.638, a 50 pips, SL at 1.6265.
If it goes below 1.6162, give up all long position to go short.
posted by Ernest Seng at 7:49 AM
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