Friday July 2, 2004 - 07:31:55 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected spike up for the week end before the reverse next week....
EURO and GBP will firm up during European session from 08:00 GMT and dip a bit to touch the low set for the day towards close of the session by 13:00 GMT and firm up to rise above the high set for the day as extended rise moves for the week end ( during US session) due to short covering......then On Monday and Tuesday the higher level consolidations will happen with upward stop hunts and later slides for a prolonged period .....
you can do buy and sell trades today - buy near the low and sell after the new high is formed and not cut for more than 30 min during late US session......
then leisurely you can commence the sell and buy trades in Euro and GBP during upward stop hunts expected during next week beginning false rise in them......
trade at ease- understand that the news and rumor are attributes to market moves and the real market movers are the net long and short built up in the market from time to time......stop hunts are to create fear for over exposed traders...so take only positions for 10% of your equity and you will find the profit coming during swings...try to grab profit when seen and re-enter only after 30 min of market observation......try to close the positions with in the sessions as the market sentiments are forcibly changed by the big traders (operators),they create market sentiments and act against ...keep in mind....
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