Trading EUR/USD Daily Hi & Lo

TY A!

1st trade of 2011/2012 will be Gold spot either way bet (as always).

1,393 - 1,354.9 starting with £15 per $1 move.
 
Here is the Weekly chart. Levels taken from last week's inverse hammer p/a. TA101 a cool multi-divergence in both RSI & MACD, price has been locked within some sort of a wedge/ascending tri/rounding top type formation. Who will win, technicals or will Dollar weaken further and catapult Gold higher? ;)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3063088>
 

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Quote from JSSPMK:

TY A!

1st trade of 2011/2012 will be Gold spot either way bet (as always).

1,393 - 1,354.9 starting with £15 per $1 move.
More...

Now Short 1,354.7 @ £15 per $1

Reverse order 1,393 @ £30 per $1
 
Quote from ammo:

dollar won't weaken much, where do you put your cash,as an alternative
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Average forecast from 5 big banks

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3066337>
 

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Quote from JSSPMK:

Current results:

-85 pips/-£127.5 @ £1.50 per pip

+355 pips/+£1,065 @ £3 per pip
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how long did you hold that position, and what was your observed drawdown?, or profit potential?

observed, means you saw that price print or cross your screen, not whatever the maximum drawdown or profit that occurred during your holding period.
 
Quote from limitdown:

how long did you hold that position, and what was your observed drawdown?, or profit potential?

observed, means you saw that price print or cross your screen, not whatever the maximum drawdown or profit that occurred during your holding period.
More...

If you look at the chart from 15 Jan 10 - 21 Jan 10 you will see the answer.
 
Quote from JSSPMK:

Now Short 1,354.7 @ £15 per $1

Reverse order 1,393 @ £30 per $1
More...

-38.3 (-£574)

Now Long 1,393 @£30 per $1

Reverse order 1354.7 @ £60 per $1

Sorry for delay, but it reverse order was posted way back ;)
 
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