Monday, February 9, 2009

EURUSD Monday, Feb 09


I have already closes my BUY position... Our target just miss 6 pips... hehehe nice pips.. Hope you all too.

OK, now i've already open two SELL positions on EURUSD. If the price still moving up, I will re open a SELL position. Am I crazy ? heuheuheuheu...We'll see then

EURUSD Monday, Feb 09


1.3024 our target this afternoon already hits... but all trend still in Strong Trending Up phase. what we gonna do now? OK, I will hold my positions.. if she could pass 1.3034.. so, 1.3053, 1.3070 and 1.3099 will be my next target. We'll see then...

EURUSD Monday, Feb 09


I have already fasten my seat belt (Lock BEP+1) no pressure anymore. My focus now are 1.2978 and 1.2991. If price could pass this level so...1.3024 will be my target.

If you check all my post, you will see that i always lock my profit at BEP+1 after my positions get positive result. This is very important procedure... don't worry about SL hunters.... if it's hit just re open again as long as all conditions still valid as our previous positions.

We'll see then

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

EURUSD Monday, Feb 09


OK, i've already lock all my position at BEP+1. No, pressure anymore...
Our first target already hits.. but 8 hours trend still down (strong).. 1.2885 and 1.2868 will be our focus now. We don't know what level this retrace will go, but if she could pass 1.2868.. so we can assume 1.2806 will be next target.. we'll see then

EURUSD Monday, Feb 09


This week i'll try to focus on EURUSD only, so i can explain more detail about my trading strategy.

OK, EURUSD since Tokyo Open actually still in consolidation phase after a big move on Friday (Last Week). Weekly trend is already starting on Up Trend phase, we can see that price currently play above SMA 120 (plum) and SMA 120 already pointing up. Daily trend is on Up Trend phase too, we can check price already play above SMA 24 and SMA 24 is pointing up too.

SMA 24 just move above SMA 120, what is it means? It's means that Daily Average is bigger than Weekly Average. So, we can assume that Trending Up phase will be starting this week.... This assumtion will fail if price then move and play below SMA 24 and SMA 120.

OK, what is happened now ? I have already told you that price is in consolidation phase.. so, we can predict that a retrace will be happened... So as you can see I have already open two SELL positions...1.2904, 1.2885 and 1.2868 will be my target.

We'll see then