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Just A Reminder...

Dear All,

I personally urges you to scrutinize any "super "trading system by providing fast rich method or all-in-one signal to realize your dream, before paying fee to them. As we all undertand, the way to fortune is a painstaking process, much due to your hard efforts and practice, do you think people now can produce any super machine better than human brain? Please do not fall victime of "impulsive buying", cool down yourself for some days first before giving your most precious asset: "Money".

Tuesday, July 8, 2008

EURUSD Plugged after Bernanke, USDJPY in the making

EURUSD initially makes a good uptrend to 1.5752 after last week bottom slide during the London session but it was short lived, when the US session open. After Mr Bernanke said that the Fed may extend lending facilities the Euro then progressively start to slide and find its bottom at 1.5634. Eventually posting an unrealized loss with my EA, currently at 56 pips. Both the 4-hour and 30-minutes chart shows the Euro are in the range bound mode with no clear direction to start any serious non-EA entry for me.

Bernanke speech do helps the USDJPY to gain some good level and now in the making for another high. We saw the Dollar accelerate to 107.52 during the US session and continues its upward trend. I am looking to enter the USDJPY pair if the trend able to break the high of 107.74 (July 7) with target of at least 80 pips and a tight stop of 31 pips.

Happy trading guys ;)

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