Monday, December 10, 2007

Dec 6 and Dec 7 trading report on PointBreak EA

DAY 3: Dec 06, 2007
 
Daily analysis:
EUR Weekly Trend: BULLISH
EUR Daily Trend: FLAT
Favor Strategy: EXIT BEARISH (You can do this with Advanced setting in our EA;
by manipulate SP/MSP function and start adding more LONG position).
 
Note: The demo version do not have the MSP function; its only dummy to give some look and feel.
 
PointBreak EA add another closed profit today, and open another Cycle at 1.4565.
The account balance right now: $25,254 with floating point: -$168.24.
 
It's an active trading week for EUR, and we are expected to get even more interesting with tomorrow’s November non-farm payrolls report; the arguments are skewed heavily in favor of weak job growth.
 
Despite above PointBreak Expert Advisor are still favorable at short Euros; PointBreak EA still detect Euro will be test Lower Levels.


DAY 4: Dec 07, 2007
 
Daily analysis:
EUR Weekly Trend: BULLISH
EUR Daily Trend: FLAT
Favor Strategy: EXIT BEARISH (You can do this with Advanced setting in our EA;
by MSP function/manipulate SP and start adding more LONG position).
 
Note: The demo version do not have the MSP function; its only dummy to give some look and feel.
 
Non-farm payrolls were a disappointment today because the report was mixed and it failed to trigger any volatility in the currency market and EUR closed at 1.4654; especially with our PointBreak EA still favorable at short; as you see on EUR 4H chart below (the trend has not break the channel).
 
New on Euro: More reason to believe ECB could raise Interest Rates; but have to wait on January.

For more information about our EA: PointBreak EA and FractalWizard EA,
visit:

http://www.forexhope.com/

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