EUR/USD 8th Nov 2008 Weekly

EURO Monthly and Weekly

October breakout and expectation of a push down into November's lows.

This pattern was verified with the rejection of the Monthly balance point.

Next Week:- should be guided by the Weekly 50% level on any continuation down.


EURO 3-day pattern

A lot of probability patterns last week (intra-day reverals), and a lot of rotation going on.

Last week on the Euro I traded 27 times, with 21 winners for 953 pips.

That was because of the rotation and consolidation, but more importantly my intra-day filters matched the price action.

This week there was the same swing patterns, but during the Asian trading hours the filters weren't matching, resulting in far less trades compared to the AUD/USD

5 trades

3 winners :- 154 pips

2 losses - 22 pips

Note:- Monday and Tuesday I didn't trade

Next Week:- 3-day filter resistance