15 July 2010

EUR/USD : Missed Signal

  • A half pointless post. Just putting on record a missed trade signal (excuse = WC) that I just noticed.
  • On weekly chart, a SHS bottom is evident. Bottom at 1.1875, NL appx 1.2550, topside objective = 1.3225. How could I have missed this.
  • Note weekly chart also broken DownTL at 1.2710 this week.
  • On monthly chart, 1.3200 looks reasonably within reach before running into upside resistance.
  • Definitely too late now to think about jumping on board buy signal (last 1.2910).
  • Need to be very careful with my short EUR/GBP.

3 comments:

Anonymous said...

Hi TS,
Hope you're doing well. The missed EU SHS pattern you mention - luckily I got on it. Looks like dollar sentiment has turned for now.
I too am trying to get a blog going, more so for self-discipline than anything else. Can I ask you a simple Q: How do you get the charts in the page, at the right size relative to the text?
Good luck.
Pandu

Taichiseal said...

Is your blog on Blogger? If so, then after you upload your chart/picture, Blogger gives you an option to size the chart (small medium large x-large) and position it (left, centre, right).

The selection window pops up automatically after upload and is impossible to miss. I am guessing that your blog hosting platform is not Blogger?

Financial Journalist said...

Time to short AUDUSD.