Posted on July 14, 2008 at 17:43 in Uncategorized by Rob Booker5 Comments »

Dave posted an idea (which you can see right here) on Friday.  The pair did break the trendline, and now it is rising up and re-testing the trendline.  This is a suitable place to enter the trade also; the stop loss is shown in the red dashed line.

You’ve heard me say before that I am unhappy if a pair does not quickly begin to move in the direction of the baseline (green) when the trade opens.  This is one of those situations.  I am going to give this a bit more time (I will update you a bit later) but it’s on a short leash.

07142008_eurusd


Posted on June 25, 2008 at 19:59 in New Trade Idea by Rob BookerNo Comments »

The FOMC is about to wreak havoc on the currency markets.

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