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News
S&P 500 (JUN) 05/04/2011: A crossover down in the daily stochastics is a bearish
signal. Momentum studies trending lower from overbought levels is a bearish
indicator and would tend to reinforce lower price action. The close above the 9-day
moving average is a positive short-term indicator for trend. It is a slightly
negative indicator that the close was under the swing pivot. The next downside
objective is 1339.83. The next area of resistance is around 1358.25 and 1364.42,
while 1st support hits today at 1345.95 and below there at 1339.83.EURO (JUN) 05/04/2011: Momentum studies are trending higher but have entered
overbought levels. A positive signal for trend short-term was given on a close
over the 9-bar moving average. It is a slightly negative indicator that the close
was under the swing pivot. The near-term upside target is at 149.45. The market
is approaching overbought levels with an RSI over 70. The next area of resistance
is around 148.81 and 149.45, while 1st support hits today at 147.45 and below
there at 146.74.
Breaking 1.4875 the movement is bullish to 1.5144 for the eur/usd in forex
Original post blogged on b2evolution.
Trade Opportunity
Short UJ @ 102.60 or better
SL 45 pips from point of entry
Short GJ @ 205.00 or better
SL 80 pips from point of entry
Better get the entry right, that is one big SL
EU and GU has gone uptrend but still in ranging mode. Trade according to RSI
Signal is getting close
This week I will be looking at AudUsd, NzdUsd and AudJpy very close. Looking at things a new signal may appear tomorrow. For today, its time to rilex.
DAILY FOREX RECOMMENDATION
EUR/USD
Trading range: 1.4905 - 1.4810
Trend: Downward
Sell at 1.4891 SL 1.4923 TP 1.4824
USD/JPY
Trading range: 109.75 - 110.60
Trend: Upward
Buy at 109.86 SL 109.54 TP 110.48
GBP/USD
Trading range: 1.9065 - 1.8965
Trend: Downward
Sell at 1.9054 SL 1.9086 TP 1.8976
USD/CHF
Trading range: 1.0870 - 1.0965
Trend: Upward
Buy at 1.0881 SL 1.0849 TP 1.0955
by iForex Daily Forecast
Forex Introducing Broker ? How to Be a Forex Introducing Broker?
Currency Trading Tips ? A Beginner?s Guide to Currency Trading
PERFORMANCE JULY 2008
I hope all of you had a good month of trading this month. My system generated a total of 17 signal this month with accuracy of over 90%. Attached is my statement for this month. Feel free to study it.
MARKET REVIEW 14 JULY 2008
Last week we saw Eur and Aud being the strogest of them all. As a result both has gain over Usd and Jpy making new high but the way I see it, it is a temporary move. The main move is for Usd and Jpy to go higher resulting a fall for Gbp, Eur and Aud being Gbp will be the most affected.
So this week I will be looking to short all Gbp/Usd, Eur/Usd, Aud/Usd, Gbp/Jpy, Eur/Jpy and Aud/Jpy. The question remains is the entry point. From my currenty view entry would somewhere around last week high.
Happy trading and remember to manage your risk at all time. If you are a scalper you may take entry on the downhill movement. As for me I will take top and bottom.
Financial Forex ? Forex Financial Freedom
Forex Mentor
As for those who wish to learn from me, do contact me via my phone and suggest time and place for the class. All I asked is 2 hours of your time and some willingness to absorb the knowledge Im going to give.
It is possible to learn my trading method in 2 hours. It is 90% technical + 10% fundamental. 4 indicators only with total of 8 method to read it combined into 2 trading method to cover trending and ranging market.
All I asked in return is willingness and time to learn, maybe buy me some drinks or something. You cannot expect me to talk for 2 hours without drinks. So find a good place with wifi, bring your laptops and notebooks, spare 2 hours and dont forget to buy me drinks.
The 40 Rules Of Consistently Profitable Commodity Futures and Option Traders, Part 2
Switch Brokers If You’re Not Happy
Futures Brokers
9) If you are not doing well with your [...]
News
S&P 500 (JUN) 05/04/2011: A crossover down in the daily stochastics is a bearish
signal. Momentum studies trending lower from overbought levels is a bearish
indicator and would tend to reinforce lower price action. The close above the 9-day
moving average is a positive short-term indicator for trend. It is a slightly
negative indicator that the close was under the swing pivot. The next downside
objective is 1339.83. The next area of resistance is around 1358.25 and 1364.42,
while 1st support hits today at 1345.95 and below there at 1339.83.EURO (JUN) 05/04/2011: Momentum studies are trending higher but have entered
overbought levels. A positive signal for trend short-term was given on a close
over the 9-bar moving average. It is a slightly negative indicator that the close
was under the swing pivot. The near-term upside target is at 149.45. The market
is approaching overbought levels with an RSI over 70. The next area of resistance
is around 148.81 and 149.45, while 1st support hits today at 147.45 and below
there at 146.74.
Breaking 1.4875 the movement is bullish to 1.5144 for the eur/usd in forex
Original post blogged on b2evolution.
Starting Out in Forex Trading
The forex market is open 24 hours a day, five days a week, with currencies being traded worldwide among the [...]
Trade Opportunity
Short UJ @ 102.60 or better
SL 45 pips from point of entry
Short GJ @ 205.00 or better
SL 80 pips from point of entry
Better get the entry right, that is one big SL
EU and GU has gone uptrend but still in ranging mode. Trade according to RSI
Online Forex Trading: Better Than Futures Trading?
The online forex market has very smooth trends that are available [...]
DAILY FOREX RECOMMENDATION
EUR/USD
Trading range: 1.5260 - 1.5165
Trend: Downward
Sell at 1.5246 SL 1.5278 TP 1.5179
USD/JPY
Trading range: 109.45 - 110.30
Trend: Upward
Buy at 109.57 SL 109.25 TP 110.19
GBP/USD
Trading range: 1.9340 - 1.9240
Trend: Downward
Sell at 1.9328 SL 1.9360 TP 1.9250
USD/CHF
Trading range: 1.0665 - 1.0760
Trend: Upward
Buy at 1.0676 SL 1.0644 TP 1.0750
by iForex Daily Forecast
FOREX SIGNAL 24.07.2008
EUR/USD
Trading range: 1.5720 - 1.5625
Trend: Downward
Sell at 1.5706 SL 1.5738 TP 1.5639
USD/JPY
Trading range: 107.60 - 108.45
Trend: Upward
Buy at 107.70 SL 107.38 TP 108.32
GBP/USD
Trading range: 2.0000 - 1.9895
Trend: Downward
Sell at 1.9986 SL 2.0018 TP 1.9908
USD/CHF
Trading range: 1.0355 - 1.0455
Trend: Upward
Buy at 1.0369 SL 1.0337 TP 1.0443
by iForex Daily Forecast
DAILY FOREX RECOMMENDATION
EUR/USD
Trading range: 1.5005 - 1.4915
Trend: Downward
Sell at 1.4994 SL 1.5026 TP 1.4927
USD/JPY
Trading range: 109.75 - 110.60
Trend: Upward
Buy at 109.86 SL 109.54 TP 110.48
GBP/USD
Trading range: 1.9210 - 1.9105
Trend: Downward
Sell at 1.9197 SL 1.9229 TP 1.9119
USD/CHF
Trading range: 1.0790 - 1.0890
Trend: Upward
Buy at 1.0803 SL 1.0771 TP 1.0877
by iForex Daily Forecast
Starting Out in Forex Trading
The forex market is open 24 hours a day, five days a week, with currencies being traded worldwide among the [...]
Forex Introducing Broker ? How to Be a Forex Introducing Broker?
MARKET IS UNDECIDED
It is unavoidable in these market situation. For those of you who has been following my signal, most probably you are making some profit but in the end, like me you will have to give some back.
At the moment it is adviseable to stay aside until a clear direction present itself. Happy trading everyone.
News
S&P 500 (JUN) 04/07/2011: Daily stochastics have risen into overbought territory
which will tend to support reversal action if it occurs. The close above the 9-day
moving average is a positive short-term indicator for trend. The close over the
pivot swing is a somewhat positive setup. The near-term upside target is at
1340.45. The next area of resistance is around 1334.30 and 1340.45, while 1st support
hits today at 1324.10 and below there at 1320.05.
JAPANESE YEN (JUN) 04/07/2011: The market made a new contract low on the break.
Momentum studies are still bearish but are now at oversold levels and will tend
to support reversal action if it occurs. The market's short-term trend is negative
as the close remains below the 9-day moving average. The market's close below the
1st swing support number suggests a moderately negative setup for today. The next
downside objective is now at 116.34. The 9-day RSI under 20 suggests the market
is extremely oversold. The next area of resistance is around 117.57 and 118.21,
while 1st support hits today at 116.64 and below there at 116.34.
EURO (JUN) 04/07/2011: Studies are showing positive momentum but are now in
overbought territory, so some caution is warranted. The market's short-term trend
is positive on the close above the 9-day moving average. Since the close was above
the 2nd swing resistance number, the market's posture is bullish and could see
more upside follow-through early in the session. The next upside target is 144.19.
The market is becoming somewhat overbought now that the RSI is over 70. The next
area of resistance is around 143.77 and 144.19, while 1st support hits today at
142.45 and below there at 141.55.
Original post blogged on b2evolution.