S&P
Nothing new to really report tonight as the markets did essentially nothing. However this may actually lend itself to supporting the idea that the wave 2 uptrend is severely running out of steam. It seems that volume and momentum are receding every day at this point, while optimism as seen on CNBC rises. It's just a matter of whether or not the bears will come in and take advantage of this exhausted uptrend or not. I believe they will. I remain short term bearish the S&P; wave 3 is just around the corner, and starting from around current levels is likely.
EUR/USD
Unfortunately the last half of my EUR/USD position was stopped out at 1.5630 at a 60pip loss. Earlier I closed half the position at a 50 pip profit, so that makes the entire trade a net loss of 10 pips.
GBP/USD
The GBP/USD short position remains intact with an entry at 1.5555, and a stop in place at 1.5560, risking a total of 5 pips at this point.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
StatCounter
3 comments:
Hello Todd:
I understand what you had a loss but not in the value of the article.
We are not more in 1.56 of eur/usd.
Regards:-).
Hey thanks for that pal! :)
Todd
This is because I pay attention at your posts:-)
Gustavo.
Post a Comment