Thursday, May 14, 2009

Trading today 14 May 2009


            Almost the currency make a big correction yesterday,If you dont put stoploss then you also can not sleep when monitoring a big move of forex market.

            Eur is short at resistance 1.3630 - target at 1.3505 and 1.3490 level- Stoplosse higher 1.3660 level. You can test long at 2 bottoms for intraday trading around 1.3530 level.

            Sterling is short 1.5210-1.5245 level - Target at 1.5050 -Stoploss higher .15265 level. GPB keep the bullish move if stay higher 1.5050 level,please take this note.

           Jpy is hard to drop more,it will test 94.80 low then runing sideway for a while so I hope jpy retrace to 96.80-97.30 level.


           GOLD is near the time to correction drop back,I will test to short 930-936 level this week with target around 902 level first -Stoploss higher 936 level.

            

 

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