Thursday, June 10, 2010
10 Jun, Eur/Usd - Waiting For The Ride Home
By the time i opened up the chart the bullish movement was already at its peak. Not too sure whether it was due to the bearish data (USD) of Unemployment claims an hour and a half back. I cannot guarantee that it was at it peak either, so i waited for the 1H candle to close. Beforehand buyers seem to be already exhausted, targeted my price at near day-high of 1.2132, but went in short at 1.2131 (1 pip lower) and luckily, price dipped from there. Lady Fortuna was with me. It is always a dangerous move to trade against the direction of the trend therefore i didnt drag it long and went out at take-profit.
See how much it went down after i finish typing this post!! If only........! But then again, you can not always get the full move of the price. Thats my target and thats about it.