Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Monday, November 10, 2008

Forex Trade Results

eur-usd trendI've still never expected today the delay effect for the second candle is taking precedence on the third candle instead. And for that i took my chances to harvest some pips. However not much from the EUR-USD which is only 3 pips, but from the violent GBP-JPY pair which 90 pips riding on the moving train.

forex trading
The overall trend is still bearish. What you see today perhaps last only for days or this week only, then the rest of it will be all going down.

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