GMT 8:25 Short EurUsd @ 1.34598. EurUsd have been climbing up a lot after break previous day high@ 1.34325. On the 5min chart ergodic crossed over, 15min seems as if it is going to close as an inverted hammer on an uptrend. Decided to short EurUsd.
GMT 8:35 5min closed below the 10D SMA and is headed southwards. Both 5 and 15min indicates that there is strong support due to LRC and yesterday’s high @ 1.343325 region which should be my TP.
GMT 9:00 EurUsd touched and bounced of the support region. Thus closing my trade @ 1.3440 for a 19.8pips profit.
Cool out in 3 mins… finger too slow was supposed to grab 20pips but since the darn thing moved so fast i better get out with 17pips. Anyway coz it is near the strong resistance level 1.6045.
Current : +96.2206%
Target : +350%
Difference : 253.7794%
08 October 2009 07:00 GMT Bullish Entry. Only concern is the Stoch in the overbought range. We shall see…..