July 11 notes:
EUR/USD:
Upside momentum remains intact would watch for longs at pullback.
GBP/USD:
Supply has come into market and put short-term top is in market, would watch for shorts at top end of range. If there is a break to the downside, would watch for hold and downward thrust...
COT Analysis 7/9/10
EUR:
-Net shorts decreased quite a bit from last week, and market is still quite net short, historically speaking.
-COT index is at bullish extremes which confirms large short covering episode seen in the net position changes.
-Market has been experiencing upside pressure...
Let me start off by saying that this journal will be used to help me grow as a trader, and make myself accountable for my actions(trades). I will journal some of my analysis and trades, and hope to get some feedback from other traders.
My background:
I am 22 years old and currently a College...