Quote of the day: “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr
EURUSD – 1.3503 @06:35
Trading strategy: long at 1.3530, stop at 1.3480 (0.5% risk), 1st objective at 1.3580, 2nd objective at at 1.3650
Good morning. The euro holds fairly well and continues the consolidation into the 1.34-1.35 range. Support into the 1.3430 zone held, although price spiked to as low as 1.3400 yesterday – signaling a false break on intra-day charts. Now that buyers are again in control and the euro is performing very well against others, such as CHF and JPY – a sustained break above 1.3500 in the coming sessions seems plausible. My yesterday plan to buy higher, following the market on a potential breakout, is still valid.
Support: 1.3430/50, 1.3360, 1.3300, 1.3230/50 and 1.3200
Resistance: 1.3540/50, 1.3570 and 1.3700
Market sentiment: long term – mixed, medium term – mixed, short term – bullish, intraday – slightly bearish
- EURUSD 4hrs chart 1-21-2011
- EURUSD hourly chart 1-21-2011
Have a great weekend!
This joke from the President about Goldman Sachs was a little too truthful for my liking.
"All of the jokes are bought to you tonight by our friends at Goldman Sachs. Don't worry they make money whether you laugh or not."
http://www.huffingtonpost.com/2010/05/01/2010-whi…
lol
I'm watching his speech now, very funny.
Thanks for sharing!
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Liviu, did you consider taking a permanent job as a ForexTrader?
I'd hate it, to be honest for 3 or more reasons: 1) staring at charts all day long would make me insane and 2) trading other people's money is not for me
And hmm, 3rd reason and probably the most important: I believe that if something you like (like a hobby) turns into a job – you won't like it any more and it's best to pick something you don't like that much as a job – not ruining something you really enjoy doing :)
It probably doesn't make too much sense but I really don't know many people who enjoy their jobs. I enjoyed my 1st job when I was 19-20 years old but after a while I started to dislike it – not because of the activity or my work but rather because I had to work and came in contact with many idiots and they all 'helped' ruining something I liked doing, so I lost most of my energy and motivation.
So what do you do all day instead. I can only guess you are staring at the screen all day still in your current job. programmer ?
The forex traders job can either be reading the news all day as a macro FX specialist, or looking for patterns all day as a technical FX specialist. OR maybe a combination of the two. Either way staring at a screen.
Reading you describing the idiots at work, gives me great confidence that you must be an IT worker.
aye, a little bit of everything in the IT field, compliance consultancy and audit