How we are at the moment:
28/04/2009 16:37 - Sell - EUR/JPY 126,22 Target 124,46
28/04/2009 22:44 - Sell - EUR/USD 1,3140 Target 1,2961
28/04/2009 22:44 - Sell - GBP/USD 1,4629 Target 1,4429
[B][U]The week from 27 to 30 of April brings us 341 Pip’s.[/U][/B]
[U][B]Unfortunately the 3 open positions bring us a potential loss[/B][/U] that is not nice!
To tell the true I’m confused with the last 2 days of market! Before do something else, is time to think, and to see what the month of May bring on the first days.
Let’s not forget the “Sell in May and go away” I believe that during the next Monday we could check if we are from good side, or if we have to change the positions.
The forex will “drink” a lot on the stock market. And for me, we are in a rally of a bear market, and not on the beginning of a bull market.
I I’m wrong the open crosses are a problem, if I’m right; we are on the good side.
Don’t forget the market will send everybody to one side, before the market goes to the other side.
Let’s wait for Monday!
If you analyze my last month, I have a similar problem, and the result of the month was fantastic with 1290 Pip’s!!! So let’s wait and see…
Have a great 3 day weekend!!!