FXCPS

Forex Chart Pattern Signals

Tuesday, August 22, 2006

Euro & Email issues

Sorry for those of you who have tried to contact me but have had no reply. I have had some email problems that I was unaware of until yesterday and they are hopefully now fixed and working again.
I shall reply to all the emails today/tomorrow. If you have not had a reply from me by tomorrow evening then please email me again as your original mail may have gone astray.

On the trading front, if you are day trading then don't forget to lock in or at least break even on the Euro after moving down this morning. If you are swing then you can minimise your risk a little.

Euro Reversal

The Euro hit 12940 with a hanging man on the 15 minute chart yesterday which was a good sign to go short if you were watching the market. I was not able to watch the market so I had a short open at 12906 with a stop above 12980.

I hope those who were already short took note of Friday's update and managed any open positions accordingly.

We may now see a move down for at least a couple on hundred pips in the coming weeks.

Sorry for not posting yesterday. Next post tomorrow morning.

Good luck today.