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EURo starts to flex its muscle

dragon1 Posted 16 Mar.  in #Trader's blog #Euro #Support #Uptrend #Rebound
Euro has been sickish for a while, unable to break through the top downward correction line. However, the trend looks unmistakably upward. I gingerly took a long Euro position last night, just in case that it suddenly shot up and I might be deep in sleep.
Well, it proved a test of endurance for me. I kept envisioning the volatile shake when today's FOMC announcement comes. And I imagined Euro to briefly dip, scaring off the weak hands, then violently shoot up -- I have always been an optimist!
A…
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dragon1 16 Mar.

yes, it shoots, soon to a new high!

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EURo shows sign of life

dragon1 Posted 15 Mar.  in #Trader's blog #Euro #Uptrend #Rebound
Euro so far had been pulling back in a steady way, following a conventional ABCD pattern.Currently, it has managed to rebound from a support. Ever since more than 10 hours ago, it has been steadily climbing up. A pike test down 2 hours ago added some fuel to the little rally.
GBP is not as bullish. However, it has also rebounded a little from a support. It is hopeful that it may show some sign in time to confirm its rebound. Currently it remains uncertain as to whether it would continue falling.
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dragon1 15 Mar.

OOPS, both continues to fall, as I dreaded. My account was margin called. Ahh, time to rest. See you next month!

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Time to take a short bet on yen

dragon1 Posted 9 Mar.  in #Trader's blog #USD/JPY #Long #Rebound
After hitting a low of 112.25 last night, USD/JPY managed to rebound before reaching the support of 112.15. As we can see from the hourly chart, it has already broken the correction trend line, making a higher high. I think it is a reasonable bet on a long position. Note that shortly before, it had a inverted head and shoulder pattern ABC. This provides some support as well. So, friends, be brave, be greedy, no pain no no gain. You just have to take the plunge! Follow me!
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dragon1 9 Mar.

my position hit a stop loss :-(. Now it flies!

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dragon1 9 Mar.

correction: without reaching the support of 112.15

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