Welcome! We would like to personally thank you for viewing this page! SmithInvestors is an entity created for those interested in Foreign Exchange (Forex) market analysis. Austin Smith, author of this blog, has designed this site to inform, share, and develop his ideas he feels should be communicated with other traders and investors. This site is an "open book" and he has committed to updating the page frequently with articles and videos.
Friday, June 29, 2012
Saturday, June 23, 2012
Trading Plan: Week of 6/24
EURUSD- Once the market opens back up on Sunday, I will first move my stop on my short position to the high of this candle (arrow) locking in 70 pips. Slow Stochastics are hinting at a cross and as price stalls at the 4hr 100 ma, we might be due for a bounce. This is also suggesting if we don't open with a gap that will stop me out. I'll look to reenter in the .2600-2650 region. My ultimate short term target is .2450
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