Thursday, June 10, 2010

DAX Daily Market Thought 11062010

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The Lighthouse Trade - Finding Safety in Trading


Steadfast, serene, immovable, the same,
Year after year, through all the silent night Burns on forevermore that quenchless flame, Shines on that inextinguishable
light!The Lighthouse- Henry Wadsworth Longfellow

As traders we deal with troubled waters just as a sailor at sea. We at times have smooth sailing when all is well and we enjoy our trading. However there are days when our forex or futures trading can become a treacherous and difficult journey.

I think we all can find inspiration from the lighthouse and what it stands for. It is the bastion of hope and safety. It is the way home, the shelter from the storm. The promise that if you get to me you will be safe and secure. When a sailor leaves port it is the last thing he see's and when he returns it is the first thing that rises from the ocean floor to tell him he has made it home safely.  click here and read the rest of the post

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Now Can follow all my trades and comments Realtime = Intraday market comments

Market comments and  analysis realtime.
Now visitors of my blog can follow all my trades and comments realtime > New Service and free.
Here this link http://followmarketrend.blogspot.com/p/twitter-updates.html
Don't forget to sing up to be a "Follower" of this blog (link is on the left-hand column). We have cracked a 175 followers last week, so there are many more that should sign-up to follow and show your support.It's free and I Appreciate! Thanks for all your suport.
Here the link http://followmarketrend.blogspot.com/2009/11/thanks-all-followers.html
Cheers. New thought soon.
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AUDUSD Intraday Market Thought 10062010

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EURUSD Intraday Market Thought 10062010

Test until now first resistance short-term 1.2086.
Nothing new until now trend bearish short/medium/long term but bullish for now very short-term above 1.2010. Expect more damage next sessions. Target nothing new short-term  >> 1.1760.
Expect bottom short-term around 1.17,1.18 area, and possible pullback to 1.24 -1.25 area again
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