There are some nice buy and sell setups that are setting up on the EURUSD and the GBPUSD
The GBPUSD has created a very steep and aggressive trendline and that is something that price can not often sustain. There are some clear buy and sell areas for the upcoming Asian,London and New York sessions. Please take a few minutes to view the following video for the trade setups that we are looking for. The EURUSD is in a narrowing price range and trading inside of that range will get you chopped to pieces unless you are scalping. The narrowing consolidation is giving us some very nice buy and sell zones. There are some clear buy and sell areas for the upcoming London and New York sessions. Please take a few minutes to view the following video for the trade setups that we are looking for. The EURJPY has some nice MACD Divergence building on the lower time frames. It is important to remember that divergence occasionally gives a reversal and more often created a pull back in price. There are some clear buy and sell areas for the upcoming London and New York sessions. Please take a few minutes to view the following video for the trade setups that we are looking for.
www.informedtrades.com Hi all Second bite on break above key resistance level foiled probably by the Dow reversing direction and Dollar strength returning in the short term. Still only a breakeven trade so no big deal but prompting me to really think about the way I trade. I have seen far too many 20-30 pip moves that have been lost in recent days, and those sort of trades should be my bread and butter so watch this space a small strategy change may be coming. Graeme
The EURUSD has been in some tight consolidation for the last day. Overall we are looking for some continued bullish price action. The GBPUSD has also been in a tight range for the last day we are anticipating some bearish activity. Please take a few minutes to view the short trading video we have for the specifics of the trades we are looking for.
www.ztradingcompany.com Z’s apprentice giving the daily update to the forex markets.. Looks like the consumer confidence numbers moved the markets to slightly different value areas, and please see the blog for a more indepth understanding of the trading methodology.
Hello Traders! HOW QUICKLY THINGS CHANGE. Just hours after the AUD/USD sold off following RBA’s decision to keep rates steady, the pair turned around and once again targeted the .97 level. The EUR/USD also set a higher high and is nearing the 61.8% retracement level while the GBP/USD is hanging around the 1.59 figure, just 100 pips below the potential double top at 1.60. We are optimistic that the dollar rally will occur, but timing during such uncertain times is crucial to getting the trade right, otherwise we’d risk getting stopped out. We’re getting ready to pull a SELL on the EUR/USD but there is potential for the pair to go higher, even if that move lasts a short period of time. QE2 is still the talk of the town along with government intervention, the so called “currency wars” you may have heard of from your favorite news broadcaster. Still a lot of data to be released. At this point our analysis is for traders to begin adjusting to current levels with potential for a reversal to come over the next few weeks/months.Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading. If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.
With the markets in the world dropping 7-10% overnight again, things were very choppy as expected during today’s London session, NY should be the place to be today. Basically we had ranges all over the place, and had to stick to a pure support/resistance strategy in our planning. In this video I demonstrate how we put together a long trade setup on the Eur/Usd, planning for continuation. This video shows the importance of locking in break even after some profit, and locking in some profit along the way. As once we got 50ish pips in profit, things abruptly turned against us. Our number one goal at bootcamp is Capital Preservation. Without profit stops a loss would have occurred. Overall the plan that had a first target of 75 pips made it to 54 pips before reversing. Worse case scenario for most was a MAP stop of +15-20 pips. (MAP = Minimal Acceptable Performance of 15 pips.) What a crazy week indeed, be careful in NY today folks. FXBootcamp London Currency Coach- Christian Stephens
Hi Folks Sorry to sound boring but I am afraid it is more of the same. USD weakness is prevailing. Therefore, look to continue to buy pairs such as GBP/USD, EUR/USD, AUD/USD, NZD/USD and sell USD/CHF, USD/JPY, USD/CAD. In this video, I outline my plan for the day using the Aussie as the volunteer from the audience. If we are going to turn these markets around or even get a decent daily pullback, we need something fundamental to provide the energy. NFP is Friday, maybe just what we need. Have yourselves a good trading day. Regards Rob Helean
Lets see what is going on with the EUR/USD and see what the forecast is for the pair.
The trend has certainly been down on the US Dollar for quite some time now, nobody can deny that. However, this morning as London opened for the week we found ourselves at the next area of resistance on the long term EUR/USD charts. Just prior to London opening the EUR/USD performed a very nice looking lower high at the 61.8 Fibonacci retracement level from the recent high at 1.3805. While this itself was very tradeable, had you arrived a tad late like I did today that opportunity had already occurred, and now here we were at London open needing a lower low to happen in order to validate the lower high that just had. Once this lower low took place we put together a trade plan to enter into this new short, at least for the duration of the London morning, back to the next dynamic support around the Daily 5ema, 4hr 21ema. We then referred to short term charts as we approached our entry zone but we started showing signs of continuing Prior to our planned entry. Using very 1 and 3 minute charts in this area we were able to obtain enough reasoning using things like ema crosses, stochastic cycles to get into the short at 1.3637 prior to our planned zone of the 50 area, wiggling in basically. 25’ish pip risk for a reward target of about 60 pips, not the worst in the world. End result was a 55-70 pip trade depending how one took profit, and we picked up buyers right off the target as expected, we will see what New York brings. FXBootcamp London Currency Coach- Christian Stephens