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rufffen · 05-05-2008, 03:22

Market update 1st week of May 2008:

GBP USD - trade setup pending since last week

EUR USD - downtrend channel on hourly charts, attempt to short sell rallies.

SHORT SELL 5650-5690 SL 40 TP1 150 TP2 200

GBP CHF - uptrend, will take out new highs soon. Speculative short selling, then buy back.

((SHORT SELL at market now (20820) SL previous high (20970) TP 200 pips))
edited, ignore SHORT setup, wait for a LONG setup to trigger.

LONG 2.0540-60 area SL 80 TP1 previous high TP2 2.1200

05-05-2008, 03:22	#260
rufffen Zone trading Join Date: Jun 2005 Posts: 1,058 Downloads: 2 Uploads: 0 Rep Power: 5	Re: rufffen XAU spot gold and majors trades Market update 1st week of May 2008: GBP USD - trade setup pending since last week EUR USD - downtrend channel on hourly charts, attempt to short sell rallies. SHORT SELL 5650-5690 SL 40 TP1 150 TP2 200 GBP CHF - uptrend, will take out new highs soon. Speculative short selling, then buy back. ((SHORT SELL at market now (20820) SL previous high (20970) TP 200 pips)) edited, ignore SHORT setup, wait for a LONG setup to trigger. LONG 2.0540-60 area SL 80 TP1 previous high TP2 2.1200 __________________ rufffen XAU spot gold and majors trades(click) trading zones for the month of April 2008.(click) trading zones for the month of May 2008.(click) 2516 pips trading one lot in April 2008. Last edited by rufffen : 05-05-2008 at 03:25.