Tuesday, 6 May 2008

Steady Start and Dollar Retreats Tuesday

European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (+10 pips)
Maximum potential: 20 pips

US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-40 pips) and USD/CHF (-40 pips)
Maximum potential: 10 pips

100-pip Dynamic Stops System
No. of signal entries: 3
Running risks: 26 , 73 , 81
Max profits: +20, +5, +10
Target hits: 0
Own p/l: -26, 73, -83, +100 (hit), +99 (hit)

>> Click Here For My Live Forex Trading Sessions

A bad US session where the US dollar was sold off broadly in every major markets. Prices were further pushed down to breach the key resistance and support of 1.5590 (for eur/usd) and 1.0430 (usd/chf) briefly in the post-session hours. I was expecting these levels to hold ! I had reentered some small positions here near these key levels and with tight stops to catch the final price reversal.

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