Thursday, May 10, 2007

Damn You, Bernanke!

Damn, I missed to trade post-FOMC last night,..quite simply because I just can't grasped the price action...the rates left unchanged, and the statement also left unchanged...but still euro reacted by going south. Maybe my mood last night got the best on me....
But I did enter the market (long) at 1.3522. We have a ton of news tonight, should make today an interesting day to trade.
Pivot Points for today:
R2 = 1.3584
R1 = 1.3554
PP = 1.3535
S1 = 1.3505
S2 = 1.3486
Trade ideas; buy 1.3520, but please put your stop loss.

No comments: