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EURo looks bullish

dragon1 Publicado 1 Abr  en #Trader's blog #Euro #Breakout #Bullish #Rally
Ahh, another beginning. I am refreshed!
To prepare for the month, let's first take a look at Euro with a slightly longer term view. Euro
has been advancing fiercely for some time. Just a short time ago it penetrated previous high.
Currently it lies in line with a few heads in the past. Trend is firmly bullish! Most likely it
will break out to a new high, thus pave the way for a more sustained rally. I am prepared for it!
The weekly chart below illustrate the current state, and some resistance le…
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You can call me a masochist !

dragon1 Publicado 17 Mar  en #Trader's blog #Euro #USD/JPY #Reversal #Overdone
My days are done. The market has been excitingly horrendous. But what should I do with the money I still left? Use it, of course!
The way I throw in the towel is this: I simply short the bull and long the bear, and then I close my eyes praying the God for the luck!
Certainly, it could inflict mucho pain on me. Yes, I would take it. I'm becoming a masochist! What have I got to lose?
Ok, the answer is announced: I am shorting Euro/USD (at B), long USD/JPY (at D), and also long USD/CAD! With this I…
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EURo starts to flex its muscle

dragon1 Publicado 16 Mar  en #Trader's blog #Euro #Support #Uptrend #Rebound
Euro has been sickish for a while, unable to break through the top downward correction line. However, the trend looks unmistakably upward. I gingerly took a long Euro position last night, just in case that it suddenly shot up and I might be deep in sleep.
Well, it proved a test of endurance for me. I kept envisioning the volatile shake when today's FOMC announcement comes. And I imagined Euro to briefly dip, scaring off the weak hands, then violently shoot up -- I have always been an optimist!
A…
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dragon1 16 Mar

yes, it shoots, soon to a new high!

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EURo shows sign of life

dragon1 Publicado 15 Mar  en #Trader's blog #Euro #Uptrend #Rebound
Euro so far had been pulling back in a steady way, following a conventional ABCD pattern.Currently, it has managed to rebound from a support. Ever since more than 10 hours ago, it has been steadily climbing up. A pike test down 2 hours ago added some fuel to the little rally.
GBP is not as bullish. However, it has also rebounded a little from a support. It is hopeful that it may show some sign in time to confirm its rebound. Currently it remains uncertain as to whether it would continue falling.
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dragon1 15 Mar

OOPS, both continues to fall, as I dreaded. My account was margin called. Ahh, time to rest. See you next month!

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EURo may experience a corrective downfall

dragon1 Publicado 8 Mar  en #Trader's blog #Euro #Correction #Long
Euro's rally has been impressive. However, it is encountering a major resistance, and it looks unable to punch right through it. After making a break-out over R1, it was blocked by R2. The current pattern looks toppish and bearish!
I made a bullish short time ago entry, unfortunately. But this time I would not make the same mistake like USD/JPY. After seeing the bearish retreat of Euro, I promptly arrange to make an exit, give away more than 15 pips. Alas, sleep well, opportunities exit every da…
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dragon1 8 Mar

correction:I made a bullish entry short time ago.

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EURo's bullish move should continue

dragon1 Publicado 5 Mar  en #Trader's blog #Euro #Bullish
I have been staring at the community predictions for a while, especially about Euro. Hmm, is it a good indicator? Not quite sure. But here is my view on Euro. Please comment!
Euro made a timely rebound from a major support. Besides, it has broken the downward correction trend line, meaning the condition for a bull run is basically available now. Last week's performance is perhaps just the beginning!
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