Wednesday, April 14, 2010

Forex Day Trading Room

EUR/USD [caption id="attachment_810" align="alignnone" width="300" caption="FXDMG"]FXDMG[/caption] Here is a 15 min chart for the last day. We were able to take a nice long ride down yesterday and the retrace back up was around 100 pips. I persoonally did not ride the market up as yesterday was a busy day on the phone. This week looks like it can't find direction, and that is OK as long as we get a good consolidation range like yesterday as it is money in the bank with little stress, just follow the 1, 5, 15 min charts. I will be in Hong Kong this weekend but will be back in time for the opening of the market next week. I will post what I see but there is little other than standard Pivot Points (Which I will post 00:00 GMT) each day and our regular EMA's, BB, and MACD. Taking scalps and riding the wave. FXDMG

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