Welcome to fenaghfx

This blog is not for specific trades,but to share my experience and what I have learned over the last few years, Trading involves significant risk and may not be suitable for all investors.

About Me

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I have been trading since 2008 in the fx market, trading mainly eur/usd my approach is technical,using support/ resistance .But always keeping one eye on the news

Friday, July 1, 2011

1hr update July 1

Will the euro gains extent from here ?, the euro has come a long way this week it,s Friday and anything can happen, Possible profit taking before market closes for week end, the 4550 held to the pip on first visit back as mentioned yesterday on the update ,I will be looking at 4550 to see if this turns to the high for week and the 4425 as this was break higher ,I have moved the fib and the 61 % fib comes in at 4423 , I took a long at 4466 last night at 1 o'clock on a hockey stick pattern , one of my favourites, but trading desk froze and didn't take the order .

I will post a set of charts to show this entry in a blog soon, Good luck and tight stops Dave.

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