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2-27-09 5:56a GMT – I continued to take 50 pip profits off of yesterday’s 1.2695 buy signal, continued from the previous day, and Friday will be more of the same. The support has held strong this past week. Technically more mixed signals are starting to develop with the RSI somewhere in the middle. We’ve [...] 2-26-09 2:26a GMT – We caught a few 60 and 40 pip bounces off of our 1.2695 support from yesterday though so far the EUR/USD has been unable to keep the rally going which makes the long less appealling. However, the support at 1.2695 is still strong and as long as that holds I [...] 2-25-09 4:16a GMT – We saw a 200 pip rise yesterday and I am continuing to buy dips on long signals. For the past week now the pair has made higher highs and lower lows and we might finally have solid support in place around 1.2400. The market in general is still hectic and [...] 2-24-09 5:26a GMT – Yesterday reminded us of the importance of confirming trades with candlestick signals! No trade was entered because no bullish reversal signal was given on any timeframe than 1 hour or greater. In times of market uncertainty it is more important than ever to confirm trades with a reliable indicator such [...] 2-23-09 3:16a GMT – Big change last week as the EUR/USD sprang for a 300 pip gain on Friday, which now makes the technicals look bullish. I said last week that a sustained break of 1.2750 would be needed for me to go bullish, and we got that last Friday. Hourlies are overbought and [...] |
  
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