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.
Becoming Successful in the Forex Market
Posted on Thursday, April 29th, 2010 at 1:01 pm.
You will hear this over and over again money management is one of the most important concepts you will hear in trading. As you can image in forex robots, forex education, or even forex trading tools the magic stick will do all of these things and you can set your trading tool up and make money while sleeping. In my experience it’s never been this easy to become consistent in profit in trading. We make it really easy for all traders around the world to benefit from the forex education as well as the trading tool we provide. Trading with the Forex magic stick is now the number 1 trading tool for 4xcircle.com watch the videos and you will see why.
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!
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.
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!
Commodity Currencies!!!
Posted on Thursday, April 8th, 2010 at 9:35 am.
The NzdUsd had a very pressurized white candle on this week on the daily chart. This move looks to be ready to continue given the current candlesticks on the hourly time frame. Also the UsdCad hit the hourly gap it really bounced off, now has broken the 13 ma. AudUsd also had a very solid break of the 13 ma. I really like these setups right now for a long term continuation of this swing. Overall we should have a lot of easy pips to pick up on.
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!
Possible top out
Posted on Wednesday, March 31st, 2010 at 1:58 pm.
UsdJpy is right now at a major s and r level day chart wise. Look for the ascending triangle or wedge forming 1 hour chart. We will be talking about this pair on tonight’s session. Make sure to attend if possible. Look for a breakout one way or the other. We had a nice one the other day, and I hope to have again an easy trade on this pair.
Usd Jpy
Posted on Monday, March 29th, 2010 at 1:56 pm.
Major consolidation. Just waiting for a breakout either way. If the move is Long, taking it near the WR1 for my tp. It is in a one trend two trend so if it breakouts short, going to the original trend. Every hour I will be looking at it until liftoff!
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.
