Go Back   DailyFX Forum

View Single Post
  #20443 (permalink)  
Old 07-06-2009, 06:57 PM
adam6655nyc adam6655nyc is offline
Member
 
Join Date: Feb 2009
Posts: 506
adam6655nyc is an unknown quantity at this point
Quote:
Originally Posted by CodyB View Post
to be honest it has been extremely hard to say where we are headed for the most part, some days there is clear indication like last weeks fall from 1.41 area when it failed again and again to rally but since then with such low liquidity in the markets... and it will get worse as summer progresses...., its all from the 4hr charts....even daily charts right now don't help much.

all day I have been up then down on tonights action from the past 24 hr moves so am looking for a break of 3920 short or 4040 long and will scalp whatever it gives me between. targets not more than 20 to 50 pips away reasons in previous post
That is exactly should be the plan, few pips here and there....but do not marry any position till we get one trend to prevail...which does not look like it will happen till everyone comes back from vacation by the mid sept

Happy trading tonight...wish you luck...I am on the sideline except euro/gbp...my luck pair
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 07:10 PM.
Copyright ©2009 Daily FX. All Rights Reserved.