EUR/USD Strategies on July 20, 2009

9:20 AM (GMT+7)


I woke up and feel little upset, my last OP hit SL and seems like right after it hit my SL it goes up. I loss 30 from my last OP. Very Bad performance on Friday. But it's OK, this is forex, more Return Of Investement then it bring more risk, right? Enough regreting that has occurred. This is the beginning of a new week, time to focus

Ok, I already make entry now, just fiew minutes ago. Check this out:

EUR/USD - Time Frame 30 minutes

EMA shows bullish but RSI entering overbought area. EUR/USD candle shows indication for a little drawdown, weak support would be 1.4149, if break and steady big chance to push 1.4125 and support suppost to hold it fall would be recent low on 1.4095.Opposite from that, 1.4196- 1.4202 would be strong resistant if break I think EUR/USD will goes to 1.4310 area.


EUR/USD - Time Frame 15 minutes
It's shows me the same things as 30 mnt's chart, so I already enter sell at 1.4167, SL 1.4207 and target 1.4127











UPDATE - 04:02 PM ( GMT+7)

This is really bad,I loss on two consecutive days, today's open not run well, it's only reach 1.4145 after I make entry and jump to my SL! I think I need rest on EUR/USD. Enough for EUR/USD, just for today. I need to calm down, doing something nice and fun. I don't need more mistake and rush that's will be bad for my emotion and will give bad influence to my trade. O.K, I will wait till next day for EUR/USD.