Wednesday, June 1, 2011

The Local's Take: Volatility and Forex Chart Updates

Good Afternoon,
Two out of three isn't bad.
DOUBLE FALL LINE TRADE in the EUR/USD and two BUFFALO BOUNCES, one in the GBP/USD and one in the EUR/USD (glad I cut my size due to the late timing of the last BUFFALO BOUNCE.

I think this selling pressure will continue tomorrow - let's see where initial claims comes in and I am guessing that no one will want to buy in front of Friday's number - puts to protect your portfolio anyone?
Here are the charts:

Past performance is not indicative of future results

Past performance is not indicative of future results
Happy Trading!

Forex trading is   one of the riskiest forms of investment available in the financial   markets and suitable for sophisticated individuals and institutions. The   possibility exists that you could sustain a substantial loss of funds   and therefore you should not invest money that you cannot afford to   lose.

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