Tuesday, November 23, 2010

Transactions (FX) and (DJI)

Indentify Market Trending or Sideway aka Consolidation?

EUR/USD
Trending down, continuation of trend.
Short EUR/USD (initial shadow)
Entry: 1.3668 SL 1.3720 TG 1.3510

GBP/USD
Daily chart shows consolidation, EMA4 and EMA20 cross just happened - Bearish.
Trading on Fibo Range
Short GBP/USD
Entry: 1.6045 SL 1.6093 TG 1.5900
Long GBP/USD
Entry: 1.5838 SL 1.5790 TG 1.6045

DJIA
Trading on Fibo Range
Long DJIA
Entry: 11063 SL 11020 TG 11220
Short DJIA
Entry: 11252 SL 11295 TG 11150

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