Intraday FX Player

Your first one was a text book 2B reversal.

 

My stop was hit i am short again target 100 pips

 

Mr_Black, I'm no expert by any means but I'm waiting for clear signs of a reversal before shorting.

 

I'm no expert too, but I see a reason to short there at Mr. Black's chart...

 

Short @5567

 

It is important to have stop loss all the time

 

Yes, both a curse and a saviour...

 

2 salient macro points:
http://www.marketwatch.com/news/sto...x?guid={FA23DF5A-918F-41DA-B794-7E553ADAFAA7}

any action by regulators may further weaken the dollar short term.

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=1d4411be-7553-4ee2-a980-19237cfd2e17

every thing out of Europe points to higher inflation, the ECB is only mandated with one thing, control inflation.

TA points: yest saw a rise in U S index futs, this normaly pushes the EURO down. Yest inability to push the EURO below the up trend line displayed EURO strength, especially in the face of German PPI coming this am which could have only been up due to fuel prices.

 

Stop hit for -6 pips.

 

Pretty busy day today... Doesn't let to relax and post trades... But quite productive... Hope for everyone else too.