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.
Consolidation on GbpJpy
Posted on Wednesday, April 21st, 2010 at 3:49 pm.
Dr. Blythe here,
In the last Chart Therapy session we talked about watching for the consolidation breakout on the Pound Yen Forex currency pair. I have a breakout box setup and i will give you those levels. The top of the consolidation is 144.82 and the bottom is 139.20. These are great for big pips guys. If it breaks up there should be some really big moves to watch for. Happy Trading
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.
Arrow Formation on the GBPJPY
Posted on Monday, March 15th, 2010 at 3:33 pm.
Dr. Blythe here,
We talked about this formation in the chart therapy over the past few days. This is another learning moment in your forex education. Arrows are trend line formations that show two trends, one trend up and one trend down. Usually one will be a longer term trend and the other a short term trend. This arrow on the Pound Yen pair is very strong and historically this pair loves this formation. When we get the breakout on this pair there is going to be a really good trade, either way it decides to breakout. Happy Trading.
Learning Forex
Posted on Tuesday, March 9th, 2010 at 10:54 am.
The 4 traders doing these trade projection have some of the same rules when it comes to money management and skill level of trading we share a common ground. As far as learning everyones trading style we look for simple rules and good reasons to enter the market. The GBPJPY has made some amazing pips for forex addicts trades some traders double and tripled there accounts in 1 day. We as traders are going to show you how to find easy trades in easy markets but you have to be willing to listen.
Non Farm EGG ROLL
Posted on Friday, March 5th, 2010 at 7:48 am.
The Non farm pay roll announcement came out and had a big effect in the currency market. As you can see the JPY markets really took off. When you learn that news can either be a spike in the market or temperal with the Non Farm pay roll today it was some big pushes to the markets. We project that the market will continue the upward movement with the GBPJPY for seversal days. Understand that when 1 YEN pair starts to move all of them run together. Look for more buy positions in the GBPJPY market it’s going up up up.
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.
