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Rabu, 22 Februari 2012

Analysis EUR/USD - 22 Feb 1801

EUR/USD intraday: rebound expected.

Update on supports and resistances. ( 22/02/2012 18:01 )



Pivot: 1.3175

Our preference: Long positions above 1.3175 with targets @ 1.329 & 1.332 in extension.

Alternative scenario: Below 1.3175 look for further downside with 1.311 & 1.308 as targets.

Comment: the RSI is supported by a bullish trend line.

Key levels

1.335
1.332
1.329

1.32484 last

1.3175
1.311
1.308


TIPS

Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

1 ulasan:

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