Tuesday, April 6, 2010

Forex Day Trading Room

EUR/USD Congratulations to those of you who were scalping the 1min / 5min charts. You should have shorted at 1.3415 or there a bouts and you are now in pip heaven. keep your eye on the 3/5 EMA on the 5 min chart as this is either the point of continuation or reversal. I personally don't like to give back too much profit on a retrace so I would advise keeping a tight stop and look for a new entry in either direction. FXDMG

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