Faysal Amin
Mind Vision Traders
European Central Bank’s assetquality review and stresstest results are scheduled for release on Sunday. A report Wednesday said that at least 11 banks will fail the ECB’s stress tests and we think we have very voltaile markets ahead of us so once the result is out then we had nice move in the market and Gold and OIL might move sharply higher in next sessions !
Cheers !
EUR/USD (last 1.2672)
Support:
1.2614 (S1)
1.2566 (S2)
1.2470 (Major Sup)
Resistance:
1.2748 (R1)
1.2841 (RR)
1.2925 (RRR)
RANGE – 12609—1328512781
STRATEGY
SOS
Short @12757 add 12810 stop@12839 tgt 12665
Mid term Trade
Flat
High risk day Trade
Long@12617 stop@12607 Tgt 12687
Gold (Last 1240)
Support:
1237.2 (S1)
1223(S2)
1202 (Major Sup)
Resistance:
1248 ** (R1)
1258 (RR)
1267 (RRR3)
Range 12531228— 1202
Strategy (SOS)
Short@1247 add 1253 stop@1257 tgt 1226
Short term buy@1237 [email protected] tgt 1244.8 (Parked new)
Crude oil make or break area is 8340
Sp 1906 Make or Break
Short
Time line For short term cyclical projections
GMT
For
is minor turn cycle for the day
For the Fellow Traders plz do place the stops and intraday Trade means if not filled by MOC cancel the Trades
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETIEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANL LOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULT
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