Friday, July 4, 2008

Boring week...

Nothing much this week for me... as I don't really feel confident in entering the market since there's non farm payroll on thursday and today's independence day.



Well.. there is a possible setup on the EUR/USD though, not a really confident criteria for me but I've entered a position (which I'm kinda regretting now..)



My entry criteria was:

1) Fibo retracement at 23.6%

2) 6SMA and 23SMA had crossed

3) Parabolic SAR on top.



Here's the chart:


At this current moment I'm down 14pips :(

And unfortunately... I got stopped out at 20pips loss.

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