Weekly Signal ! (22 August - 26 August 2011)

Forexhaha Weekly Signal :

GBPUSD :
Buy at : no signal at the moment.
Sell at : 1.6364, take profit 10-12pips, no stoploss. (hit +12pips)

EURUSD :
Buy at : 1.4522, take profit 10-12pips, no stoploss. (cancel order)
Sell at : 1.4179, take profit 10-12pips, no stop loss. (cancel order)

EURJPY :
Buy at : 111.01, take profit 10-12pips, no stop loss. (hit +12pips)
Sell at : 109.83, take profit 10-12pips, no stop loss. (cancel order)


22 August : Morning traders! This morning GBPUSD make a sell signal towards 1.6470. Usually on monday morning all signal has a little swing, we need to wait before price hit our target. (GBPUSD hit 1.6470)

I deleted USDJPY and USDCHF longterm signals because both pairs have buy and sell signal. We will focus back on these pairs after US economy can breathe fresh air back.

23 August : Internet problem as usual in my office. Cannot update signal early in the morning. So sorry.

24 August : No solid signal this morning because all pairs in neutral area or moving around pivot line. Usually when this happen there might be nice move on the evening. We shall wait for it.

25 August : GBPUSD breaks support line (17 aug), which means GBPUSD will going lower no matter what happen. Sell now is good, but if GBPUSD going up this morning and then we start selling around 1.6370-6380 is excellent. Please note if price reaches 1.6340 then we're late to enter order. (GBPUSD hit 1.6380 to 1.6340, +40pips)

26 August : Buy GBPUSD at 1.6366, Sell EURJPY at 110.53, or Sell EURCHF at 1.1371. Take profit 10-11pips. (GBPUSD hit +11pips on 29 Aug)


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