August 2011 Monthly Archive

Will the EUR/USD Range Continue? – Close Open Orders

Good morning! EUR/USD took a dive without hitting my short orders at 1.4500. With the US GDP data coming up, along with the weekend, I have decided to close my open orders on this trade idea. Read more

Top Resistance to Hold on Cable? – Trade Closed

I got what I expected from UK data yesterday, unfortunately it wasn’t the market driver I had hoped it would be as traders turned strong US Dollar bearish throughout the European and US trading sessions. Not so good for short Cable trade. Read more

Fibonacci Short on EUR/USD? – Trade Closed

So, how bout them markets? It was a wild one today and on top of the extreme volatility, it wasn’t a good day for me as I let what could have been a great trade turn into a sour one. Read more

Day Trade Short on USD/CHF Retracement? – Trade Closed

Well that was quick! The Swiss National Bank came out with a statement basically saying that the Swiss Franc is “massively overvalued” and won’t take it anymore! Needless to say, that is Swissy bearish in a big way. Check out how my day trade played out! Read more