Tuesday, December 11, 2012
Entered long into EUR/USD at 1.29500 to scoop up a few pips before going short at 1.30.
But i was heading to Malaysia and I was afraid that my prediction would be wrong. So I set my stop loss at 1.29450.
I was disappointed to see that my stop was triggered and it rebounded to 1.30. My current position is a short at 1.3. Looking at current news and moving averages. I plan to hold it till next Friday. I suspect it will hold. This prediction was done with my studies on moving averages over a month. I used a daily time frame.
Will be following the headlines closely for signs of price change.
Xavier.
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