Monday, February 9, 2009

EURUSD Monday, Feb 09


I have already close my two SELL with profit... nice

OK, as our analysis this morning... the retrace looks like just could reach Balance area (see the picture). Is it ? we don't know....

But we have already assume that Weekly trend is starting to move up. If you check my chart, I have already open a BUY position. Hehehehehe.. It's my standard (safest) procedure to open BUY position in this situation base on our previous analysis in the morning. i open BUY position when i saw price already play above SMA 4 (Blue), SMA 6 (red) and SMA 8 (Yellow)... why? because this conditions is the best moment to ENTRY if we follow our previous analysis.

We'll see then