Trade Opportunity EURUSD
Posted on Wednesday, April 13th, 2011 at 9:45 am.
The Euro is currently range bounce between 1.4510 and 1.4453. Most other currencies traded against the USD have seen some losses over the last 2 days except the EUR and CHF. I think this presents a great opportunity to get in on a EURUSD trade. Look for a break of 1.4453 on the 1 hr chart. Preferrably during the London session and the look to ride it down to 1.4400 or beyond.
Big ecomonics on the Fundamentals
Posted on Thursday, April 15th, 2010 at 5:11 pm.
As you can see the EURJPY and the GBPJPY switch directions on us thinking there was room to continue the upward swing. It’s really important to think about a Plan B. As you may know the Looking at Forexfactory.com there was alot of impact on the USD but sometimes it cause a chain reaction too the JPY pairs. There was a trendline on the bottom side and did expect this move to happen because the JPY pairs have been doing a wave type of pattern but over all is still on a uptrend. Wait for things to normalize before jumping back in and look for clean trade setup.
EURJPY hits projected mark!
Posted on Thursday, April 1st, 2010 at 11:09 am.
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!
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.
break away then a pull back
Posted on Monday, March 22nd, 2010 at 3:55 pm.
We saw some great moves on the EURUSD, GBPUSD, EURJPY, and GBPJPY now looking for them too retrace after the big move down. Amazing to see threse trades followed alot of the rules we mention in forex addicts and we would like to educate traders around the world and getting a better results in their trades by learning the way fo the forex pros. We have alot of those individuals that really are excited to learn with us and have seen live trading results in a week. The reason is they are learning the forex the right way. Expect some really nice moves in the markets later this week happy trading.
GBPJPY and EURJPY hit projected targets
Posted on Tuesday, February 23rd, 2010 at 8:26 pm.
Since last Thursday we have been talking about both the GBPJPY and the EURJPY bouncing hard off the daily gap and heading back to previous lows. These currency moves became a reality early this morning with both pairs striking their profit targets with ease netting a total of 360 pips just between those two pairs! If you didn’t get in on those moves, you had better sign up for chart therapy in the addiction anonymous club and come get educated so that you are able to nail those kinds of profits!
Breakout Trades/Daily Gap Moves
Posted on Tuesday, February 16th, 2010 at 12:29 pm.
As Joey said, We finally had some movement! Monday was a Holiday for the USD, and so there was minimal volatility in the Forex Markets. Looking across several pairs there were a lot of consolidation areas, and points of interest to use for breakout entries. Many pairs have been overbought or oversold and away from the daily gap for some time now. Finally this morning several of these pairs including the EURUSD, GBPUSD, EURJPY, GBPJPY, and USDCHF broke out of their consolidation areas, crossed the hourly gap and have begun their moves back toward the daily gap or the 38.2 fibonacci retracement level. I am looking for these currency pairs to consolidate a little over the next several hours and maybe even make some re-tests of previous support and resistance before continuing the movement later on tonight! Happy Currency Trading!
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.
Long term trade
Posted on Monday, February 1st, 2010 at 10:45 am.
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.
