Good Morning Haniam.
Missed your posts recently and your market insight,
Good to see you posting again.
Regards,
Chris.
Missed your posts recently and your market insight,
Good to see you posting again.
Regards,
Chris.
Script/EA to balance losing trades agianst winning trades 23 replies
Daily Trades = Lazy Trades Journal 7 replies
Reading The Stupid Dogs' Mind 12 replies
Disliked
Unless a major intervention from both FED and ECB, all fundamentals and technicals are against the USD.
Yesterday it bounced around 1.6015 and just closed below 1.6
A daily close above 1.6 will confirm the move. A retrace is under way may go down to 1.58xx, and strategy is to buy on dips.
Weeks targets are 1.6050, 1.6100
Next month targets are 1.63xx then 1.65xx
Good support at 1.5950, 1.5920, 1.5865 and 1.5830 and may be good opportunities to buy, mainly using AMM-S on 1.5900-1.5915 area.
Let's get tons of pips!
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DislikedEU did not bounce on the previous sited levels and it is under a bigger retrace now.
Opportunities to buy using AMM-S may come in the 1.5700-1.5730 area.Ignored
DislikedGood morning Wolf.
Didn't new you were following my posts.
Would be nice to read you on the thread.
Regards,Ignored
Disliked1.5700-1.5730 area gave enough pips to secure the position, but was not able to hold for a long time as USD news came better than expected and EUR news worst than expected:
Europe starts to suffer by the high oil prices and the crisis over the Atlantic. The Germany Business Confidence down to the lowest level in the last two years. The biggest European economy Germany the locomotive of Europe comes in crisis period due too the high inflation caused by foods and oil prices jump. The International Monetary Fund cut Germany’s growth forecast for this year. Due too these problems for Europe the investors expect the European Central Bank action. It is expecting the bank to dump the inflation and to cut the interest rates within six months time. The dollar starts with fast recovery against the euro after the release of Germany Business Confidence during the morning European session. If the recovery continue the euro dollar trading should reach levels of 1.5550 said George Marshal forex analyzer in World-Signals.com.
The down move first target is 1.5500-1.5530 where the support area may give us a chance to buy for 50-100 pips target. If broken, second target will be in 1.5350 area.
Keep in mind that this is just a retrace after the latest bullish move, and it is needed to give the EUR enough power to brake the 1.6xx level targeting 1.6250 then 1.65xxIgnored
DislikedHi Hani..
I'm new to forex (about half of the year) and I'm very happy that I have come across your amazing thread. Now I'm on the 6th page but I feel badly that you are not sending new posts. Hope you will be back soon.
HarwIgnored