Greek gets bailed out but the GBP CHF and EUR continue
Posted on Tuesday, May 4th, 2010 at 6:01 am.
Fundamental part of trading you may know that Greece has struggle with their financial end. We do expect the continuation with all pair and looking to gain alot of pips out of the market. Trading with amount that could possibly will double or even triple accounts. You can also use the trading tool that we promote the forex magic stick. In forex education you will learn the right things to know when too use the tool and why the tool works. Trading with forex magic stick the results are amazing looking at the audusd has dropped and looking at all these pair making some very big moves. Some people can’t trade during london let magic stick do it all for you.
Retrace and then consolidates what is best to do
Posted on Tuesday, April 27th, 2010 at 11:04 pm.
Forex is a market where you are able to see big moves and you probably say them today. One thing to consider by trading Forex is that when you are trading and when you best feel the market fits the setups that you are looking for. You need to make sure of a few things understanding volitality, Behavior patterns, and time they move the least and most. It’s always best to trade the obvious this is a principle that Jesse Livermore talked about when we was trading stocks back in the 1920′s and was able to make over 200 million dollars in his trading career. It’s best to understand that you really don’t have to trade every day trade when you feel the best about the market and when the market moves and make sense too trade. So look for the EURUSD and the USDCHF to break out side of their consolidation you can cheat by using magic stick.
The Trade happened
Posted on Tuesday, April 27th, 2010 at 6:09 am.
Trade did what we expected and if you were using magic stick on the GBPUSD you woulde be up about 80 pips. It’s amazing how easy it is too use especially when you can’t stay awake during london session. I personally use Forex.com for one of my brokers and exciting to see how accurate we have been hitting our take profit points. We do have some major fundamental news to happen here soon. I do expect alot of the YEN pairs to continue the drop and consistently dropping through out the day. All we hear is great feed back about magic stick giving the traders time to sleep and not having to worry about missing these big moves.
Fundamentals come into play this AM
Posted on Thursday, April 22nd, 2010 at 3:11 pm.
Alot of the Fundamentals have come into play and has focus the EURUSD drop and continuing the downward trend. And then looking at the USDCHF doing the exact same but going on the uptrend. Forex market having some big moves today and alot of the fundamentals are coming into play. Trading with the Major trend and your the trend is your friend is what they always say. Trading with correct money management as well so for those that are using magic stick and trading with this tool will help you manage your trade which alot of us will experiment emotions in the market.
Consolidation and the Cad
Posted on Tuesday, April 13th, 2010 at 3:59 pm.
The UsdCad right now is setting up for what I believe will be an excellent breakout. On the day time frame, for the last 5 candles we have had lots of downward pressure created from the quick downward swinging market. This is very visible on the hourly time frame, semi slow upward movement followed by huge red candlestick dropping down, which has created those downward pushing big wicked candles on the daily chart. This combined with a very nice little consolidation area tells me we should have a breakout very soon, and if it goes short, we should be able to take the trade for a pretty large profit. Two things I’m using for a breakout both on the hourly time frame. First, there is a clear trendline with points of support on the 7th, the 9th, and just two hours ago. If it breaks the trendline I will consider entering. Second yesterday’s low which is at 1.0009, if we get a close beyond there, I’m in. Now it’s just a waiting game for that breakout, good luck with this one and I wish you guys the best with your trades!
Eur Gbp, BREAKOUT
Posted on Thursday, April 8th, 2010 at 1:55 pm.
This currency has made a few fakes at going back against the trend. It has really had some pretty serious moves against the trend and has somehow continued onward. Currently we are about 4 hours from the new darma and pivot points on for the 9th of April. The one hour chart seems to have had a double bottom movement with two areas hitting the same s and r line. Now this still needs to complete the bounce movement for me before entering any larger positions, but I am really looking at this to retrace before the end of the week. We should see a large defiant candlestick breaking the new daily pivot and the 13 ma. I hope to have many trading opportunities all the way to the 1 hour gap. The area that I am looking to trade back to point wise is going to be between .8800 – .8850… I have entered one rubber glove trade hoping that this is the bottom of our movement, if it breaks outside of the current low of .8740 I will jump back out. One more thing, if it does breakout and go the opposing direction then we are expecting, don’t hesitate to sell this pair but I hope we will be able to take a lot more pips if it goes long!
markets going crazy
Posted on Wednesday, March 31st, 2010 at 10:10 am.
All the JPY pairs did make some big moves last night in the forex market. They are going in too the over bought territory so as traders we need to get trade for some retracement trades. A few things we will look for is reversal patterns or sign of weakness that i want to come back to some moving averages so look out for that.
Major deciding point
Posted on Thursday, March 25th, 2010 at 11:11 pm.
We as traders that are expecting some really big moves in the forex. All i have too say about the traders i trade with know what things to expect in the market. I know that Dane is a pro with the EURGBP and the USDCAD understand the behavioral patterns of those markets. If you are looking for big amounts of pips Dave is the best by far and is really good with any of the JPY currencies. One of the more accurate trader i’ve ever met is Joey 93% winning percentage it’s better than any forex robot or EA out there because you will know why you are in the market. I love to swing trade and day trade but all of us traders really enjoy making lots of pips but more importantly sharing our knowledge too other traders around the world. Think like a Pro and trade like a Pro join us in our next session.
huge moves what is going to happen next in the forex
Posted on Wednesday, March 24th, 2010 at 10:02 pm.
There was some really big moves in the forex this last london and new york session in the forex. Few things we are looking at is possible retracement or retest and continuation trades. What we are looking for the market to set something up for us or looking for candle patterns waiting for the market to pick a direction. Forex education is probably the most important thing right now because if you go out there and trade on your own possible to lose your live account is at 95% and when the markets are flat and have no direction most people still would trade. We are here to tell you what kind of market we are up against. Covering trade setups and execution is obviously the most important thing to make money in the forex.
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.
