EUR / USD 03 July 2009

EUR/USD people fail to continue its bullish momentum. This currency can not be in the 1.4176 area, its price down in the 1.3988 and 1.4002 at the close. U.S. currency has been exposed to the risk effect of which is bad from the data is expected by NFP. Tehknikal see if the chat H4, trendline suppot has passed, this case showed indication for further down (bearish).
Failure to survive in the 1.4176 area and trendline support that has been in the skip, will trigger a currency is weakening. Seems to be bias to bearish in the near future will be to test the 1.3850, but also the medium-term trend we can not predict its movements. This is caused by movement eur / usd is still in the area 1.4176 - 1.3750. resistant 1.4050 possibilities in the area.

GBP / USD 03 July 2009

GBP/USD a bearish momentum is strong enough for people. Price up in its closed at 1.6322 and 1.6391. H4 in the chart we can see that after failing to be in the area is the key 1.6660 level that the currency is resistant to the trend back down and go through trendline support.
This visible support would bearish in the near future. but for the middle period is still not clear or is still difficult to predict. bearish bias nearest will test level to 1.6420. if the trigger break should bullish momentum.

summary of trading results July 2009 ( Eur/ USD )

*Day 1, Date : July 02, 2009 : original position sell on market price at 1.4165, TP Hit at 1.4035.Secondary position pending order (buy limit) executed, hard exit at 1.4096 (+6)
Result: Profit : 30 + 6 = 36 pips


*Day 2, Date : July 03, 2009 : Buy on market price at 1.3999, SL Hit at 1.3969
Result: Loss 30 pips


*Day 3, Date : July 08, 2009 : Sell on market price at 1.3909, TP hit at 1.3839
Result: Profit 70 pips



*Day 4, Date : July 09, 2009 : Original position Sell on market price at 1.3985, TP hit at 1.3955
Secondary position Buy Stop at 1.4015 executed target hit at 1.4045

Result: Profit 30 pips + 30 pips = 60 pips


*Day 5, Date : July 10, 2009 : Buy on market price at 1.3920, SL Hit at 1.3930
Result: profit 10 pips



*Day 6, Date : July 13, 2009 : Buy on market price at 1.3953, Target Hit at 1.4003
Result: profit 50 pips


*Day 7, Date : July 14, 2009 : Buy on market price at 1.3978, SL Hit at 1.3948
Result: loss 30 pips


*Day 8, Date : July 15, 2009 :
1.Pending order Limit Buy at 1.4020 not executed and canceled
2.Entry sell by market price at 1.4105 target hit at 1.4060
Result : profit 45 pips


*Day 9, Date : July 16, 2009 :
1.Entry Buy EUR/USD by market price at 1.4081, hard exit at 1.4146 ( profit 65 pips)
2.Entry sell by market price at 1.4130 target hit at 1.4115 (profit 15 pips)
Result : profit 65 + 15 = 80 pips


*Day 10, Date : July 17, 2009 :
1.Original order (pending order)executed, SL hit loss 40 pips
2.Secon Position entry by mrket, SL hit loss 30 puips
Result : loss 40 + 30 = 70 pips


*Day 11, Date : July 20, 2009 :
Sell on market price at 1.4167, SL hit at 1.4207 loss 40 pips
Result : loss 40 pips


*Day 12, Date : July 21, 2009 :
Buy on market price at 1.4208, SL hit at 1.4168 loss 40 pips
Result : loss 40 pips



*Day 13, Date : July 23, 2009 :
Buy on market price at 1.4244, SL hit at 1.4184 loss 50 pips
Result : loss 50 pips



*Day 14, Date : July 27, 2009 :
1.Buy on market price at 1.4216, Target hit at 1.4246 profit 30 pips
2. Second position sell limit executed, SL hit loss 30 pips
Result : Profit 30 pips - 30 pips = 0




*Day 15, Date : July 28, 2009 :
Buy on market price at 1.4187, SL hit at 1.4167 loss 20 pips
Result : loss 20 pips



*Day 16, Date : July 29, 2009 :
Buy on market price at 1.4186, cut loss
Result : loss 160 pips


*Day 17, Date : July 30, 2009 :
1.Sell EUR/USD at 1.4052, SL hit at 1.4170
2.Averaging at July 31,2009 : adding sell at 1.4147, SL hit at 1.4170
Result : loss 118 pips + 23 pips = 141 pips




TOTAL Profit/Loss : 36 pips + (-30 ) pips + 70 pips + 60 pips + 10 pips + 50 pips + ( -30 ) pips + 45 pips + 80 pips + (-70)pips + (-40) pips + (-40) pips + (-50) pips + 0 pips + (-20)pips + (-160)pips + (-141)pips

EUR/USD Strategies on July 02, 2009

01:03 AM (GMT + 7 )

TF 30 mnt
From this chart, I saw bearish patern ( evening star ), tiny resistant formed on 1.4180 and strong one on 1.4202. Bullish power getting weak indicated by EMA 5 wich turn to curve to the bottom. RSI level : 63 , in my opinion will try to break RSI 50.And if it realy happen, I think price action will go down for more, to 1.4147 first ( try to break Parabolic SAR support)and if it could be break surely, will go more to 1.4114 this is my first support. And if it also break will go more to 1.4086 and 1.4045 will komfirm it change the trend to bearish

TF 15 mnt
It is match with TF 30 mt, I'd prefer go short for now. I've already take one short position, sell at : 1.4165, SL 1.4190 and TP at 1.4135. I also set pending order, Buy Limit at 14090 and SL 1.4040 with open target ( I will set it after it's executed)




UPDATE - 01:15 PM (GMT +7)
Now I am minimizing my expectation on EUR / USD because there are some heavy news, both from Euro and USA. I also decided that if on 04.30 PM (GMT +7) order I have not finished, I will canceling it, or if it's already execute I will find the best hard exit, whether if red or green

PS: I'm forgot to set my target, here is it my target : 1.4110. Forgive me for my broken english

UPDATE 2 - 04:48 PM (GMT +7)

My limit executed but seems like to risk let it flow with the market while market waiting for news. So I decided clear it, hard exit +6 green. I'll check latter in US market to make new entry if I could find nice signal.