Systematic trading approach on euro longer term.

[yinfang7084]

hi, everyone;

We will tried to update our long term trades here. We will try update our trading recommendation every day around 17:30 pm.

Today's trades:

							>>
Euro/Usd	Holding short at 2086, and open 2 more short at 2047
	2 stop reverse set at 2147, profit target 1947 1 Stop reverse set 2186, profit target 1986

All of our trades can be verified through the following link
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Thanks.

[cogia]

Daily News for Euro has come with no positve signs for it, so we will see EUR low at 1.1960 forward.
My positin will be: Short EUR 1.2080 sl 1.2145 tp 1.1975, is it ok ?

[yinfang7084]

Originally Posted by cogia

Daily News for Euro has come with no positve signs for it, so we will see EUR low at 1.1960 forward.
My positin will be: Short EUR 1.2080 sl 1.2145 tp 1.1975, is it ok ?

Your position looks fine, because Gbp/Usd is the one pulling majors to the down side. If majors wants to have a bigger retrace to the upper side, we need to see gbp/usd recover first. As long as gbp/usd is in the downtrend, all we see on euro is minor correction to the upper side.

you should reduce your stop loss to 2110, because 2060 is a strong support for euro temperarily. It has been broken, 30 pips is enough to secure your position. additionally 30 pips stop loss is better for the risk reward ratio. It is just how we trade with our systematic signals. So far, we haven't have any good signals yet. except a sell limit signal at 2160, stop loss at 2180.

Best regards.
Forex Sign staff.

[cogia]

thanks,
and now all I need to see has not happened yet.
TICS very good but it still make USD bull, what strange here ?

[yinfang7084]

Long term trades means you hold it for at least several days for sizeable profit. If you believe that you are on the right direction, please have faith. Patience is the key to sucess in this business.

By the way, we will join you to short euro soon in 1 hour. Because our short term signal will generate a sell signal soon.
Good luck.
Forex sign Staff.

[cogia]

ok, thanks anyway !

[yinfang7084]

Originally Posted by cogia

ok, thanks anyway !

Hope that you didn't exit your short yet. Our long term trades make good profit, and still making it.

Have a profitable week.
Good luck.

[yinfang7084]

07-24-05 17:13 pm

Euro/Usd	Sell reversed 2 contract at 2047, profit target 2000.
	New stop reverse level is 2147,

We will post our performance result at end of month.