Daily Free Forex Signals – EUR/USD 23.02.2011 – Happy National Day to Brunei Darussalam/ Signal Expired / Entry not hit
We had pretty serious risk aversion in the Asian session yesterday, but the market was pumped up all of the sudden by hawkish comments from ECB. then we have got a classic deep-valley ‘V’ chart patterns on EUR/USD, taking along with it many retail forex casualties in the process.
Losing – especially with good MM and RR – is part of forex trading. Years ago, I have came across an excellent analogy that I still remember. the guy said that, “take your losses as the expenses of your business, and winners revenue.” So long as you make a net profit every month, of course.
Enough said, I’m buying in at 1.3678, SL at 1.3656 and TP 1.3773. If the market is going north today, we’ll have a lot of room up there.
An important event is scheduled GMT 1500 – US Existing Home Sales. the forecast goes by 5.27M… as usual, these news need surprises to have an impact.
If the actual figure goes below 4.9M I’ll be looking for a buy; 5.6M and I go for a short.
But things might change in the process, be sure to stay tuned to the chat log and you’ll be informed if there’s updates.
Did you know?
Anyway, off topic here:
Today is the 27th National Day of Brunei Darussalam – the lovely country that we are residing in. It’s about the best nation a person could ever wished for – at least that’s the way I see it.
I would like to extend this greeting and wish all Bruneians happy 27th National day.
I wish we will cherish the blessings that we are given to so sparingly and make Brunei an even better nation – whom is know for her peaceful, nature-loving, and kindhearted citizens.
I would also like to thank His Majesty Kebawah Duli Yang Maha Mulia Paduka Seri Baginda Sultan dan Yang Di-Pertuan Negara Brunei Darussalam for being such a true great ruler, who really cares about his people and shaping Brunei as what it is now and I wish you good health and great success always.
For my beloved country – by heart, though not on paper – happy 27th National Day!
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