LouDogg's Spot Forex Trading Journal

Yes, the Euro/USD is makings its move down finally. Right now it is at 1.1928. I am hopping to see it hit 1.1880 tonight. We'll see if that what the markets intend to do though.
 
Quote from LouDogg:

Sorry for the long absense. I went and got married ( been in the works for quite a while). So naturually my mind has been on other things. Back to the market. Right now the Euro/USd is at 1.1944, down from about 1.2040 from the previous night. From what I observe, this should be the begining of a move down to somewhere around 1.1750. So my pick for today is:

Sell Euro/USD at 1.1940 or better (maybe1.1980 if we are lucky)
Initial target at 1.1850
Eventual target 1.17

Stop, who need stops. No serious, 1.2000. So pretty big, but I feel very confident about this one.
More...

Hi Lou,

CONGRATULATIONS!!

P.S. Any honeymoon?
 
We went to Mexico for a week. Cancun for 3 days and Guanjuato for four. Guanjuato is such a beautiful city, wish I could of stayed a month. In some ways, I like it better than San Miguel de Alande (or however it is spelled). Less touristy. Definately visit the Mummy museum if you ever go.

The Euro decided not be cool and reverse back up. When it hit 1.199, decided I ha enough of it behavior and got out for a 45 pip hit. Ouch, no fun. I still think it will head down, I am just going to wait a little bit until I see a better opening. I am probably going to wait until Sunday/Monday to see what I want to do.
 
Okay Euro/USD is at 1.2095 as I type. It just had a 180 pip run up. so now I think itis finally ready for a trip down. I am thinking somwher around 1.1976
 
You must log in or register to reply here.
Back
Top