Thursday, December 9, 2010

EURUSD—still choppy

Euro is still choppy but pushing downward with a low so far of 1.3168. I'm short from 1.3232 and don't expect the pair will be able to gain above 1.3323 (just a bit over the high I expected yesterday). There's a chance the chop could continue over the next day or so. We'll have to see. Thinning holiday markets are having an impact.

© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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