Forex Wealth Builder | Forex Training, Mentoring, and Education » over sold

GBP gets another beating.

Haru — Tue, 09 Mar 2010 04:27:35 +0000

Looking at the GBP markets you would see they took a beating for today. The are going back into a over sold situation and so question is Is the GPB going to be devalued because of the situation it’s in. Alot of the markets in a stage of unstablility. USD was the main cause of these events and looking at the Bigger picture i wouldn’t be surprise if the GBP markets drop down because the major trend is down.

BIG Decisions to be made in the forex market

Haru — Fri, 19 Feb 2010 15:34:08 +0000

Big struggles in Greece finances i would expect a huge devaluation of the EUR and the GBP economy because of bank failers and on a long term note would expect the market to continue the downward trend but price hasn’t met up with the 24-28 moving average for quit some time and the markets are in a over sold situation. So next week in the market i would expect a huge retracement with the EUR and GBP markets. When trading with us and the education that we provide with the forex market we as traders have the upper hand in the market. That is how important forex education is. The education that you will get from forex addicts will get you control and the ability to capture 100′s of pips each week even in the tough markets like what we are up against right now. Happy trading

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.

reopenning of the forex market.

Haru — Sun, 31 Jan 2010 19:45:31 +0000

Look for markets retrace back to the weekly pivot point at the beginning of the week. The Forex market will reopen here in a few hours. Markets that are trending like the EURUSD will only pull back up just a little then continue too the 5th fib level getting in to the over sold situation. So at the end of this week we can expect alot of market to show us reversal patterns or trendline breaks. The USDCHF will do exactly the oppisite as the EURUSD and mirror that currency pair they follow each other but also beaware there may be a small lag so make sure you enter a trade in one of the market that the setup is completely declared itself with these currency pairs.