Wednesday, June 23, 2010

Trading idea for tomorrow/this week

as for tomorrow - most tradable charts to me - AUD/USD, NZD/USD, EUR/JPY. maybe USD/CAD and EUR/AUD

as for AU NU - both has something what reminds me 'reversal day' pattern a lot. also, NU broke 200DMA line 14th May, made huge leg down and started retrace. and where did it stop? at 200DMA again, but from the other side :) and we see a clear rejection, especially shaped out like reversal day. what can i say - try to SELL high.

EJ - even if not going to break previous daily lows at 108.0x, then at least it can go to 109.00-50 and form reversal SHS.

as for others i watch - sell high this week. i think bears will have the ball at least for few next days, so EU GU GJ sell as well.
UCAD UCHF buy.

and for EUR/AUD... i just do some experiments... today i've opened a long trade in the morning with SL = 150 pips, TP - who knows with it moves. i think 500pips should be lowest if direction correct.

this is my brief view for upcoming days. longer frame ideas only when week closed.

sorry for "messy" message. will try to do someday beautiful posts with charts like master guguk does :)

4 comments:

  1. expecting anyone to add pages to the basic technique tab. as we know there's so much technique in forex and we can share technique those have been proven successful consistently at least to ourselves. whether those are only simplifications or our silly comprehension of experts's/gurus' technique or even much better, our own's creations.

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  2. welcome, mot :) as i can see only ucad and maybe ej followed my ideas. i was away myself so nothing for me, except floating sells made before. waiting. strict MM allows to hold big red pips with no worries

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  3. this is time to secure EJ shorts here at 110.10-30 areas, will post chart later which explains why. sell stop 109.90

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