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I am using this Blog as a mechanism to attract traffic to our Company Vampire Trading Network, Inc. I will post my analysis of the Euro FOREX Currency using our proven custom indicators. I hope you will use this information to your advantage, realizing that it is a speculation on what might happen. Any trade is a 50:50 proposition. I hope to increase your probability of success.

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Thursday, June 17, 2010

4Hour Breaking Upper Entry

Sorry for the late post, BUSY BUSY with managing Clients.
Things are looking up at the MOMENT for a long breakout now, CAUTION at the first target level since the Day has it's first entry level at 1.2414.  His these type of targets usually have a bounce and consolidation.  This is what we are seeing now with the 1 hour and 30 minute.  We are also poised for News release in the next 40 minutes.  As mentioned it seems that all news regarding euro has favored strength in the Euro regardless of good or bad.

The upper Entry on the day is at 1.2535, this certainly gives us enough room for the 4H to make its 2nd target.

For those in the trade since yesterday, a new first target could be increased to 1.2433.  The current situation is that the 1 hour has hit it's second target and could be consolidating for the next leg which would be good to add strength.  The 30 minute has already consolidated and could drop to mid 1.2300's before continuing.  AGAIN News in 25 minutes.

The short is for swing/day trade,
If you are in the trade since yesterday, take profit some profit off the table and secure your account.  Pull next profit at 1.2488, DO PULL PROFIT.  If you are still feeling adventurous, look to 1.2538/1.2552 to exit completely and do a chicken dance.

The indicators used for this analysis are proprietary and available by Subscription through Vampire Trading Network, Inc.
Posted by at 9:40 AM

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