Forex Wealth Builder | Forex Training, Mentoring, and Education » daily gap

EURJPY hits projected mark!

Dave — Thu, 01 Apr 2010 18:09:56 +0000

As predicted in the Forex Addicts Addiction Anonymous Club also known as Chart Therapy, The EURJPY has reached the 50 fib retracement mark on the D1 Chart. That point also serves as the 4th fibonacci level off of the daily gap which marks an oversold market. Had you gotten the forex education you need and participated in the Chart Therapy you could have banked in 0ver 150 pips!

Reversal pattern EURUSD GBPUSD

Haru — Mon, 08 Feb 2010 18:16:09 +0000

A lot of the Markets are over bought and over sold look for the reversal and trade with a small amount you be able to benefit of these markets. In the Forex i’m looking at the EURUSD GBPUSD to trade to the 1hr gap for my first target if it bridge the 1hr gap then i’m going to the daily gap. Looking at the candle stick pattern it’s hitting a major support resistance level and reversing. If you decide to stay in the market longer than a few days i would recommend you use proper money management and trade with a small amount. EURUSD here are my parameter of the trade. Entry point 1.3683 stop loss at 1.3618 take profit at 1.3798 so it’s a 2:1 ratio set your trade and make some money.

Long term trade

Haru — Mon, 01 Feb 2010 17:45:43 +0000

I mention that there would be reversals in the Forex market. As the EURUSD or EURJPY are revering back to the daily gap. The USD currency pair should be weakening this week. GBPUSD i’m going long and trading it back to the weekly pivot point because alot of the market you will see that the dollar is weakening.