EurGbp current trading setup
Posted on Tuesday, April 13th, 2010 at 3:47 pm.
Right now the market is about 1 hour from getting our new pivots for Tuesday the 14th of March. The Eur/Gbp is completing a double bottom that it has been forming for the last two days. This is visible on the hourly time frame in the same support hit twice and on the daily time frame as two apposing candles with major upward pressure. I really like the setup on this right now and am simply waiting for the neckline breakout on the hourly time chart and I will trade back to the fibo level or the daily gap.
consolidation slow market what is the best thing to do.
Posted on Monday, March 29th, 2010 at 4:11 pm.
It’s time to wait for the market to make a move there is low volume in the FX market at this time but i’m focus more on the Yen pairs at this time i’m looking to trade the USDJPY GBPJPY EURJPY looking for the clear signal to short it but anything can happen in Forex it may pop back up and then we will have more reason too go short. The YEN markets have got into a over bought area or hitting major support and resistance levels so i’m going to wait on the asian session but i would expect the markets commit during the london session or the new york session and trade these pair back to the origination point of my trendlines.
BIG moves slowing down and continuing in FX market
Posted on Tuesday, February 16th, 2010 at 1:44 pm.
We had some really beautiful moves because the bank holidays are over and some amazing volume produced in the market. Fx if we see consolidation for 1 or 2 week we can get ready for some big moves. Alot of setups that we have projected as pro traders have worked out in our favor. It’s slowing down in all the markets because volume is low but we do expect some great setups to happen tonight during the Asian session and continuation of trend. Major Support and resistance levels have been broken look for small retracements and look for continuation to the next major level. Happy Trading.
Break out Trade with the FOREX
Posted on Wednesday, February 10th, 2010 at 7:06 pm.
We should expect some break outs to happen tonight with the AUDUSD NZDUSD and at the Asian Session anything trading against the Yen we should get ready for a break out. If you are trading the london session look at the GBPUSD and the EURUSD we should see some action tonight and thrusday. Exciting part with trading with us you will see amazing pips tonight.
Big move during New york session
Posted on Tuesday, February 9th, 2010 at 12:01 pm.
When you see the move during new york the GBPJPY and the EURJPY behave pretty much the same way in the forex market Both markets took at 80 pip take profit with both trades and looking for some consolidation or break out probably later tonight during the Asian session. Look for confirming candle formation and enter trade at the close for the commitment in direction.
Forex is Slow today in the markets
Posted on Tuesday, February 2nd, 2010 at 3:30 pm.
As you can see in the Forex markets after the new york session that markets has slowed down alot and creating flat markets. If you are a day trader you can draw a consolidation box on the high and low of the london and new york session with the currency pairs that don’t have any direction right now then look for a break out. Most pairs usually have this rythm at this time of the day because there is not alot of volume in the market. It’s really important that you can see either the main trend or having a good direction where the market is going. You want to stay away from flat markets you don’t want to put in a trade or add a position if there is nothing there. Forex markets should be picking up speed later tonight during the Asian session.
usdjpy short position
Posted on Monday, January 18th, 2010 at 5:02 pm.
Price is right at a strong support and resistance area at the price of 90.71 If you add a 200 simple moving average you can also see that price is at crossing that area. I would expect a nice break out pushing downward with the usd/jpy. Thing will start to pick up with the forex around the asian session so watch out for this trade and look for a good entry point and a close of the candle below the price 90.71. first exit point i would expect too be 89.44 and then next target 87.71 stop loss behind the 200 simple moving average or behind the swing point. 91.28 only risk 3% of your account. I’ll keep you posted if i get in the trade.
