2010 profit + 1179, 2011 + 971

2010 January +236, February +22, March +190, April +198, May +607, June +63, July 0, August -50, September +62, October -240, November +114, December 0,


2011 January +388, February - 80, March 0, April -114, May 0, June -15, July +433, August 0, September +260, October +253, December -154


2012 January +365, February 0, March +236, April +203, May 0, June 0, July





TRADING FOREX MARKET

The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.

Greggory L. Morris

Tuesday, August 10, 2010

EUR/CHF (-25)


technical set-up of divergence is clear in this pair, and it is shown that in previous cases it worked very well. As it is known that EUR is bought on risk appetite, and CHF on risk aversion, among other things, this set-up looks like great opportunity to enter the trade ahead of FOMC meeting at 18:15 GMT. RSI is downward slope is indicating lack of buyers for this pair, and dumping of the EUR is about to start. Euro markets are mostly down -0.5%, and U.S. are indicating lower opening S&P -0.7% and DJ -0.6%. In addition, Fib retracement of 21.6% what is at1.3883 is from the move (1.6827 - 1.3072), and serves as additional resistance for a move higher. Stops are set @1.3910, and target is @ 1.3480

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