Friday, February 20, 2009

EUR/USD long

The support from the trend line was in force. Most of the time when the price move away from support or resistance, it will try to test that S/R area. This must be a technique that market movers use to get ride of the novice trader, since you know the trick, you wait for the right timing. I am not saying that you will get the best execution every time, but it worth trying. In EUR/USD I couldn’t enter at the place I wanted to enter(I was away from the PC), but I am happy with it.

No comments: