Todin Diary

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Todin Diary

Postby Todin » Sat Jun 11, 2011 10:05 am

Recent trades taken on 10/6/2011

1. USD/JPY
1usdjpy110611.jpg


Price has broken the 80.140 resistance level to the upside when it failed to move down.
I'm long on this trade and it seems price has been going in my direction. When price hits 80.482, I will be trailing my stop to break even.
Hopefully, price will hit my profit taking level at the next possible resistance level at 80.638.

2. EUR/USD
1eurusd110611.jpg


Price has hit the 50% fib retracement levels and closed above it on the daily.
There might be a long entry after the weekend as price reacts to this level.
If price continues to be bearish, I will look for short opportunites, as price might fall to 1.42464 or 1.39678.
Todin
 
Posts: 2
Joined: Tue May 10, 2011 9:13 am

Re: Todin Diary

Postby Todin » Mon Jun 13, 2011 1:43 am

Update on Trades 10/6/2011

1. USD/JPY
usdjpy.jpg


Price has surged to the upside and hit my profit taking level for about 274 pips.
Currently, price might react to the recent down trend line and starts to be bearish.
A shooting star candle has formed and price might reverse after that candle, so I would be looking for short opportunities on this one.

2. EUR/USD

It seems price has been fighting on the 50% fib retracement level on the 4hr timeframe.
As mentioned before, price could rebound from that level. Now, I can only wait.
Todin
 
Posts: 2
Joined: Tue May 10, 2011 9:13 am


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