I'm still in my long position from .9338 and I added another position yesterday at .9490. The rally through resistance at .9500 and .9593 seems to have caught a number of traders by surprise. The high so far this morning is .9645. Now the pair has to fight through some interim price resistance up to the downtrend line coming in from August at .9872. After that is the November high of 1.006. So far, at least, the pair seems to be fulfilling its seasonal tendency for the USD to rally against the Swissy in January.
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.
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January
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- EURGBP—triangle
- AUDUSD—triangle
- AUDUSD—weekly chart
- Week Ending 28 January 2011
- Currency market today
- GBPUSD—weaker
- EURUSD—at resistance
- USDJPY—breached resistance trend line
- AUDUSD—still in triangle
- EURJPY—broke above triangle
- EURJPY—triangle
- USDCHF—second test of .9400
- EURJPY—weekly
- GBPJPY—weekly
- AUDUSD—triangle
- EURUSD—hovering
- EURUSD—small dip
- AUDUSD—choppy
- USDCHF—taking a beating
- EURUSD—weekly
- EURJPY—nudging above resistance
- EURGBP—nudging above resistance
- AUDUSD—correcting
- Currency market today
- EURUSD—signs of weakness
- AUDUSD—stalled
- USDCAD—stop and reverse
- EURUSD—failure swing
- EURUSD—broke above resistance
- EURJPY Hourly Chart
- EURJPY—rally
- USDCAD—can't reach daily 10 SMA
- USDCAD—little bounce
- GBPUSD—another surge
- EURJPY—rallying to resistance
- EURUSD—at strong resistance
- Weekly—Highs and lows
- EURJPY—dropping
- US holiday
- GBPUSD--resistance
- Currency market today
- Lots of emotion
- USDCHF—retreating
- AUDUSD—good move up
- EURUSD—nice rally
- EURJPY—C leg correction
- GBPUSD—rallied past resistance
- GBPUSD—rally
- EURJPY—correcting
- EURUSD—rallied
- AUDUSD—bounced
- USDCHF—still fighting
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- EURUSD—ready to rally
- EURJPY—possible ABC correction
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- USDCHF—resistance zone
- GBPUSD—weak
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- EURJPY—trying to base at support
- USDJPY—resistance
- Currency market today
- EURUSD—sinking
- EURJPY—down to 108.11
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- Week to date Highs and Lows
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