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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
  • Special Update On EUR/USD 0 comments
    May 26, 2013 7:48 AM

    By ForexAlerts.ca

    The following is a recap of our call on the EUR/USD pair and how we recommended subscribers to trade. This morning the EUR/USD traded up past our range of 1.29942 (seen below) which is were we felt would be a solid short entry. We closed that trade via twitter this morning at 9:30am for a PL: +141 pips profit

    Yesterday's Commentary:

    EUR/USD is trading within a 1.27201 - 1.29942 range. We are on the sidelines.

    The outlook is bearish, but the pair needs to have some kind of a rally for us to get short. We want to establish a short position anywhere between 1.29942 and 1.3018.

    Today's Commentary:

    EUR/USD is trading within a 1.28356- 1.3018 range.

    From yesterday's report: "The outlook is bearish, but the pair needs to have some kind of a rally for us to get short. We want to establish a short position anywhere between 1.29942 and 1.3018."

    We opened a short position @1.2994 and covered @1.2853 (Twitter notification to cover).

    At this point there is no future analysis. We had very extended moves to the downside. We have to see how the pair trades within the next few days.

    The following is a special report from ForexAlerts.ca . They recently launched their service and are offering a 50% discount for a limited time. To learn more about currencies and take advantage of this offer click here.

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