Tuesday, February 3, 2009

EURUSD Tuesday, Feb 03


Good Morning All,

I have already closed all my BUY position on EURUSD & GBPUSD... nice pips, and hope you too.

OK, what is happened with EURUSD this morning ? Base on my Daily BB EURUSD is on consolidation phase, last nigh she was trying to change Daily trend phase to "Trending Up" phase but fail. I decided to Open SELL positions this morning with SL above previous peak. I know it's too risky, but i saw that Weekly trend (SMA 120) still pointing down and SMA 4 & SMA 8 already crossing down. That's why i put my SL above previous peak because that level will be my confirmation level that the Daily trend is trending up. And I will close my SELL positions if SMA 4 & SMA 8 Crossing Up. We'll see then....

Wish me luck