Wednesday, May 23, 2007

Not Much Follow Through

Price action yesterday was uninspiring to say the least, unmoved even by a solid ZEW report, i shouldn't complained because nevertheless I made $250 out of it. Euro is now trading at the crucial pivot point which means price could either go north or south...Our economic calendar is barren today, except for some speech by US Treasury Sec. 'whatisname' Henry Paulson (?)...So time will tell whether his big mouth costs us a pip or dip..
Pivot Point
R3 = 1.3469
R2 = 1.3492
R1 = 1.3508
PP = 1.3453
S1 = 1.3430
S2 = 1.3414
S3 = 1.3391
Trade ideas; buy 1.3430, 1.3410, sell 1.3480, 1.3510
Good luck guys...

1 comment:

Anonymous said...

wahaa, nice profit..!!