I am just a regular joe who trades using cfd. You can say that i am half day trader with a full time job. Thus the way I play in the stock market is not very the same as I dont really have all the time to monitor. Anyway from here on, I shall make my *DISCLAIMER*, I am no full time remiser or broker, the blog is purely prepared out of my own interest. Any recommendations are purely my thinking and if you want to follow please do your own homework before doing so. Thank you.
Friday, 11 January 2013
EURUSD update 110113
Just a small update.
A trading of EURUSD short can be initiated if EURUSD turned from the resistance at around 1.327 region. Risk is high as you are playing on riding the wave C where B had just ended around its resistance high around 1.327 ( an A-B-C flat correction). Confirmation will be needed. Look at the 34FPL and 47 HTH , these means 34 time bar from prior low and 47 time bar high to high. These are good time bar factor to look at since both are significant lucas and fibo numbers. This will coincide at 4am SG time. So, we can wait for monday to iniated a short if there is a turn here...cheers.
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