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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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Friday, June 11, 2010

EURO 1H Breakout 2010.06.11 01:15

2010.06.11 01:25

At this time there is no way to define entry points for the EURO.  The charts are changing minute to minute pinching the custom Vampire Trading Network, Inc. Trigger Bollinger.  This indicator is used to predict where the trend is likely to goto before consolidating do to the over extension of a lower time frame.  By following this log you will find that all standard indicators on timeframes are linked together, you can accelerate this knowledge by Subscribing to Vampire Trading Room, 

The Custom VTN Trigger Bollinger is a representation of the instant support and resistance for a time frame in Real Time.  As the currency fluctuates this indicator will change shape as dependent on volume, velocity and momentum.  Typically it is a solid indicator but when the volume gets low as indicated by the yellow heatmap the Trigger can tighten up drastically on higher time frames. It is doing this now on the 30M and 1H. 

As the 1H tightens the Fibonacci Extension has to be adjusted to address proper entry parameters.

The 30 Minute is a little more stable but also is showing this dynamic pinching.  At this time the entry and targets are shown.  

Two things are expected from this,  The entry becomes closer, as does the stoploss.  This increases the reward but adversely the risk is also increased do to the volatility.

Why could this be happening?

One factor is the early News announcement,  An opening of fundamentals can be considered Amateur Hour.  This decreases the probability of success.

It is most likely well and good to get a good night sleep and see if there is the ability to capitalize on the consolidation during the US Session.

Since I have already put in a hair loosing, but successful 27 hour day this week, I am voting for a nice sleep.

DO your DO DILIGENCE and predict what is going to happen to check yourself in the morning.  If you missed 150 PIP movement... "OH WELL", remember IT IS ALSO LIKELY YOU COULD FIND YOURSELF DOWN 150 PIPs in a whipsaw.

A more prudent strategy would be to wait for the 3 am Cable session to open and use a 1 hour support and resistance breakout

Posted by at 1:54 AM

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