Archive for July, 2013
So today I closed my EURUSD long trade which I got in a couple of days ago at 13225. You can see that from the chart where the price is at now.. 13278.
From the Daily chart, you would wonder even why I closed this trade and from the Daily chart it's not clear. However, earlier today, the big green candlestick did not look like this.. the EURUSD market had dropped heavily and looked like it was about to go lower. The blue resistance line which allowed me to go long the first time which was
July 25, 2013
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Unfortunately the markets were not nice to me. There was a nice bullish pin bar which had form and I took it in my liberty to go long. However, it failed me and took out my stop (the blue line) for a 200 point loss. Oh well, nothing else to say about it!
July 24, 2013
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Over the last few weeks and months, Gold and Silver have fallen heavily.. over 20%.
Considering that since 2009, Gold has gone from around $700 to $1800 in mid 2012, a correction of some sort was expected. In 2012, Gold actually didn't do too much.. it oscillated between $1600 and $1800 and earlier this year, it finally broke down below the $1600 support level and hit a bottom at around $1200.
Over the past couple of weeks however, we may have seen the end of Gold's decline. In fact,
July 21, 2013
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