Monday, 9 May 2011

EUR/USD Analysis 2011-05-09

Base on Daily chart, I would like to differ my previous recommendation of EU. Refer chart.


Trade Idea : To those who already took a Short entry, you can put a SL. New recommendation is to put Buy Limit at Support Line + SL at your prefer Money Management (MM) style. Some traders use larger stop loss as their trading account is huge. Larger TF required larger SL. MM will help to success in this business (Old phrase which rarely applied by many Forex traders). :)

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