11/06/2008

Good morning,

Today I opened 4 new trendspotting trades :

EURUSD Sell at 15493

GBPUSD Sell at 19549

USDJPY Buy at 10773

EURJPY Buy at 16692

It is a bit against my feeling, because I am expecting a retracement sooner or later.  but I wanted to follow the system, and I still have some USDJPY sell trades open as well, so either way is good for me.

For the long term, I expect EURUSD to go down anyway, in a long term retracement that could take us to 1.40 or lower.  Same for GBPUSD. 

Happy trading,

sven

Good morning,

I opened 4 new trendspotting trades this morning :

EURUSD Sell at 15421

GBPUSD Sell at 19453

USDJPY Buy at 10793

EURJPY Buy at 16644

Have a great weekend,

Sven

Good morning,

I just opened 1 trendspotting trade this morning :

EURJPY Buy at 16769

EURUSD and GBPUSD have just reversed on the 30 min. time scale, so primary trend is down and secondairy trend is up.  This means STAY OUT.

USDJPY is still rising, but on the 30 min. chart, the rise was clearly weakening, so I prefr to wait and see what happens.

Yesterday, I did the Momentum webinar.  Just at the end, I was thrown out.  I don't know why.  But I was unable to open the session again, so I'm sorry for that.  Anyway, I was just rounding up, so no big news was lost. 

Happy trading,

Sven