Looking like a clearly defined channel and price holing above gap thus far ,at this juncture i am flat but thinking that an opportunity to trade will present itself …
Added by genxtrader on April 23, 2013 at 4:01pm — 13 Comments
Following the ECB rate decision to hold interest rates the Euro seems to be catching demand,keeping in mind that this demand has occurred at a daily and weekly intersection of trendlines im taking it like it means business, the next area that im looking at is the center of the consolidation area of 132 to 133, if price strongly rejects this area and closes back below i will start considering shorts, the main chart shown is an 8 hr chart and reflects end of london and beginning of U.S.…
ContinueAdded by genxtrader on January 10, 2013 at 2:04pm — 8 Comments
It never ceases to amaze me how the market will price in news to a critical level.
Added by genxtrader on January 9, 2013 at 8:39pm — No Comments
Evaluating the pound can be a challenging task considering the swings in this market, however one of its traits that i have always favored as a swing trader is its tendency to retrace 50% of its prior move before resuming the move or reversing, this trade is a very low risk trade for me, the stop is above…
Added by genxtrader on December 21, 2012 at 1:39pm — 16 Comments
Added by genxtrader on December 6, 2012 at 7:52pm — 8 Comments
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