Wednesday, June 9, 2010

Short EUR/USD

Short EUR/USD 1.1964-1.1968
Target: 1.18

17 comments:

Financial Journalist said...

I prefer to sell at higher level.

Hands said...

yeah, earlier I also aimed to close my long at 1.2050 and short there.. But, it seems no strength to move upwards at this moment..

Financial Journalist said...

Now EURUSD is trading at 1.2016, above your desired level of 1.2050.

Hands said...

haha ya.. I thought it will not be able to make it up further yet, but it did reach 1.2045.. Should be moving down now, as it touch the downtrend resistance line..

Financial Journalist said...

I had shorted EurUsd at 1.2039.

Hands said...

doesn't looks good now.. 7:45pm interest rate decision..

Financial Journalist said...

There is news that China property prices (+12.4 percent) going higher. This has pushed the major currencies up. Hence its better to close my sell EurUsd trade in the early afternoon.

Closed EurUsd at 1.1975, profit is 64 pips.

Financial Journalist said...

Shorted EurUsd again at 1.2035 before ECB meeting.

Hands said...

seems hard to drop..

Financial Journalist said...

Heard of a asian sovereign selling EURUSD at 1.2150.

Hands said...

hope it can drop further.. :)

Financial Journalist said...

In our forex education program, we provide information regarding trades of the big boys (hedge funds, central banks, sovereign funds).

Good luck in your trade.

Financial Journalist said...

Closed at 1.2120, loss is 85 pips.

Financial Journalist said...

You have not cut loss?

Hands said...

I will cut tomorrow when pullback..

Financial Journalist said...

Ok. You are already down 394 pips as of now. That is a lot for just 1 trade.

Hands said...

I was waiting to close at 1.2230 and long, but it bounce once reach 1.2240-1.2250.. too bad..