Comment by Peter jcp on July 29, 2012 at 8:34am

Hi Eugene - enjoyed looking through the Forex Relief web site via your link. It is it your own site out of interest? - as it as some great articles etc. I can only offer my own perspective resulting in me agreeing with many of the comments - whilst finding others as pure trading myths put out by the industry to make sure you taken off the "scent". For example Dr Van Tharp might be a brilliant mind coach etc etc  - but even he is missing out some vital points - that as far as I am concerned are either deliberate ( the industry wants to remain tight lipped with certain secrets) or no extremely experienced technical trader has explained them to him.

With regards to the NU - you are basically looking for a pullback below your first resistance level either Mon / Tues - then the rest of the week higher to the second resistance level ?

Seems to make sense which is therefore worrying ;-) - alternatively we could just post a lower high and then drop 150-300+ pips?

What ever happens - I will be there -as long as it does not make its main move in the Asian session ;-) 

Have a great week and look forward to more of your blogs

Regards

Peter

Comment by Eugene Kevin on July 29, 2012 at 4:42pm

Thanks Peter. I think, the retracement on the Nzd/usd will give a sweet opportunity. But i also look at the Eur/usd which could be very interesting too, because that pair seems to have started its retracement already. but we need to be careful though...

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