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Trading 101 - Stick to the basics. You’ll find great trade opportunities

Posted on November 9, 2009 at 11:24 in Uncategorized by Pierre Charlebois

Here’s a view of the upward channel on the EUR/USD.

In my opinion, any new highs at the top of the channel around 1.51 would require re-evaluation to look for selling opportunities.

In between at current levels is the hardest place to assess.

3 Responses to “Trading 101 - Stick to the basics. You’ll find great trade opportunities”

on 09 Nov 2009 at 11:30 am1j.j

thank you again ,i wish all all all the best
Regards
on 10 Nov 2009 at 3:19 am2A-SOLTANI

DEAR PIERRE

What about buing opportunity? i see a good one arround 1.49 just touching ma,s(h1:ema55.h4:sma20)& bullish trendline and fibo 23% of last rally from 4620.
also from EW count. view we are in w5 of an last upmove toward 1.52 proj.

REGARDS
on 10 Nov 2009 at 10:54 am3Pierre Charlebois

Dear A Soltani

I will certainly agree that a short term buy is or maybe was (bottom may have happened) a potential.

I like your perspective and think it’s on the money.

What I am trying to show here is how to keep it simple. And depending on the time one may have to study the charts I want to show the lowest risk areas.

Cheers and thanks for your comments.

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