Thursday, June 11, 2015

Updates

Learning process with new things in. The morning setup appears ok but need to reduce the gap between opening price and set up. Will try to set 5 pips apart with 0.05 size at 5 pips for the morning gap, and another at 0.01 size at 10 pips. Targeted profit of 0.70 cents only. Will increase should the profit ratio are 80-100% Now focusing on trend - major trend and minor trend. It was said that EU major trend is buy while minor is EU. As the price was rejected at 1.138 twice within 2 weeks period, it would safe to say that the direction would go down below the present low of 1.117x to reach 1.10xx, before it resume upwards. My guesses as this week, the closing price would be below the opening price at 1.1118.

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