December 14, 2008
Is the Euro set to rally?
Welcome Everyone,
Over the past week, the Eur/Usd has had quite a big pop off of its lows which followed an almost 3 month plunge. Is this the end of the Euros decline or just a short covering rally? That is the $84,000 question and no one knows for sure at this time. With that said I have switched the intermediate trend on this currency pair to the upside and we won't have a full blown uptrend on the Eur/Usd until my weekly indicators point upwards.
With the holiday season upon us I expect the volatility to dry up a bit and then will resume around Jan 2. One of the principles that I highly reccommend you all apply is to take some time off from trading once in awhile. Trading is quite stressful at times and taking breaks allows you to relax and recharge your batteries. You will find that doing this periodically will make you more focused and accurate when you start trading again.
You may think, that my advice isn't anything new and not that big of a deal but… How many of you actually follow this? You see, many traders sabotage themselves by over-trading. In my 18 years of trading I keep coming back to the realization that a handful of simple things make all the difference in the world. Anyway, just some food for thought…
VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click the link just below:
http://www.askjeffwilde.com/97/how-to-use-the-forex-market-forecast-service/
Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE:
Ok, lets get to it…
GBP/USD
TPD3 1.7049
TPD2 1.5887
TPD1 1.5250
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TPU1 1.4000
TPU2 1.3500
TPU3 1.2455
LT = Down
IT = Down
EUR/USD
TPD3 1.4471
TPD2 1.4088
TPD1 1.3643
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TPU1 1.2929
TPU2 1.1300
TPU3 1.1500
LT = Down
IT = Up
This issue sponsored by:
The Black Dog System is slaying the markets:
75 TRADES IN JUNE - 55 WINNERS and 3 BREAK-EVEN
58 TRADES IN JULY - 42 WINNERS and 1 BREAK-EVEN
38 TRADES IN SEPTEMBER - 25 WINNERS and 3 BREAK-EVEN
44 TRADES IN OCTOBER - 29 WINNERS and 5 BREAK-EVEN
TPD3 100.75
TPD2 97.70
TPD1 93.70
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TPU1 88.50
TPU2 85.00
TPU3 80.00
LT = Down
IT = Down
USD/CHF
TPD1 1.2750
TPD2 1.2400
TPD3 1.2100
============
TPU1 1.1560
TPU2 1.1358
TPU3 1.1091
LT = Up
IT = Up
Until next week…
Peace & Prosperity
Jeff Wilde
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Disclaimer: This web site, it's content and it's product offered is not intended to provide investment, tax, or legal advice. This web site and its information is provided for guidance and information purposes only.
Filed under Blog, Forex Newsletter by Jeffrey Wilde
