More than a year ago, we started shyly doing our first meetup in Barcelona. The idea behind it was to meet other Forex traders and share our passion for trading. Now we have 10 trader communities around the world and after the summer break we are back full of energy. What are you going to find? top quality…Continue
Added by Francesc Riverola on August 27, 2014 at 4:30pm — No Comments
August 27th 2014 – I remain long GBPUSD just under recent resistance at 1.66 and while I do see this market declining over the course of the coming weeks, I believe both this and many other markets are stretched right now and this is the reason for my long…Continue
Added by Gary on August 27, 2014 at 12:30pm — No Comments
One Tsunami about to end? ...Is another in the making ?
The talk of the town right now is whether the US Fed Reserve is indeed going to raise interest rates next year. Looking at US Dollar index,…Continue
Added by Omkar Godbole on August 27, 2014 at 11:00am — No Comments
Trade Idea - Sell GBP/JPY @ 172.21 Target 170.96 Stop Loss 173.05
I Sold GBP/JPY pair at above mentioned levels and expect the target to be reached in next week. I have turned bullish on Yen and thus bearish on yen crosses for the reasons that I shall discuss in next blog…Continue
Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis ,support comes at the 1.6535 levels , losing this level will open 1.6440 levels , a halt is likely , but further losses will aim the 1.6330 levels…
On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6678/1.6738 levels before the next fall….
In all , as long as resistance 1.6610 holds on a…Continue
Added by Haitham653 on August 26, 2014 at 11:15am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.3216 holds on a daily closing basis , support comes at the 1.3155 levels , losing this level will open 1.3080 next , further losses will aim the psychological level 1.3000..
On the upside , resistance comes at the 1.3216 levels , sustained trading – daily closing – above this level will turn outlook neutral for retesting the 1.3295/1.3363 levels before the the next fall , above 1.3363 would recapture main resistance at…Continue
There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”Jesse Livermore – Legendary Trader. 1877-1940
August 26th 2014 – I’ve bought some EURUSD just above 1.32 as a scalping trade.…Continue
Added by Gary on August 26, 2014 at 8:00am — No Comments
EUR/USD: Already (LONG) bought the pair from 133:42 & from 13248 (AV 13295) with TSL 131:48 & TP is on 133:08.
GBP/USD: Already (LONG) bought the pair from 166:95 & from165:85 (AV 16640) with TSL 164:85 & TP on 166:54.
USDJPY: Already (SHORT) sold the pair from 102:88 & from 103:40 ( AV 103:14)with TSL 104:72 & TP on 102:60.
EUR/JPY: Already ( SHORT) sold the pair from137:90 with TSL 138:90 & TP…
Added by Pierre Chahine on August 26, 2014 at 7:08am — No Comments
Gold: Already (LONG) bought the precious metal from 1298 & from 1282 (AV 1291) with TSL 1264 & TP 1301.
Silver: Already (LONG) bought the good from 19:58 with TSL 18:58 & TP 19:70.
Oil: Already (SHORT) sold the black liquid from from 94:34 with TSL 94:30 & TP on 91:60.
Added by Pierre Chahine on August 26, 2014 at 7:06am — No Comments
FTSE-100 CFD:Already (SHORT) sold the index from 6695 & from 6754 (AV 6724)with TSL 6874 & TP on 6724.
DAX 30 CFD: Already (SHORT) sold the index from 9438 with TSL 9565 & TP 9438.
SPX500: CFD: Already (SHORT) sold (AV 1956) & from 1994 (AV 1970) with TSL 2032 & TP on 1970.
NSDQ100 CFD: Already (SHORT) sold the index (AV 3966) & from 4070 (AV 4018)with TSL 4118 & TP on 4018.
Added by Pierre Chahine on August 26, 2014 at 7:03am — No Comments
Important news:Core Durable Goods Orders m/m @05:30pm,CB Consumer confidence 7pm
BOB stands for break out buy and BOS stands for Break out sell. When a stop loss hit, this pending order will recover the loss. The TP for this limit should be…
Added by Usman Ali on August 26, 2014 at 6:00am — No Comments
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Monday's high 1.3209, low…Continue
Added by Nili on August 26, 2014 at 5:06am — No Comments
Outlook in USDCHF remains on the upside as long as support 0.9103 /0.9022 holds on a weekly closing basis , resistance comes at the 0.9249 levels . At this point I’d expect strong resistance from the 0.9155/0.9249 levels to limit rise from the 0.8702 levels and bring reversal , however ; sustained trading – weekly closing – above the 0.9249 will have large bullish implication towards the 0.9332/0.9455 levels .
On the downside , support comes at the 0.9103 levels ahead of the 0.9022…Continue
Added by Haitham653 on August 25, 2014 at 9:02am — No Comments
Outlook in USDJPY remains on the upside as long as support 103.07 / 102.23 holds on a weekly closing basis , resistance comes at the 104.18 levels , sustained trading above the 104.18 levels is needed to resume the upside offensive , If seen , the pair will target the 105.43 levels , a halt is likely, but further upside will aim the 106.95 levels…
On the downside , a failure to hold gains above the 104.18 levels could mean a return to the 103.07 / 102.23 levels ,a halt is likely ,…Continue
Added by Haitham653 on August 25, 2014 at 9:00am — No Comments
Outlook in GBPUSD remains on the downside as long as resistance 1.6765/1.6888 holds on a weekly basis , support comes at the 1.6563 levels , losing this levels would open 1.6450 /1.6382 next , further downside will aim the 1.6251 levels . At this point I’d expect strong support from the 1.6251/1.6450 levels to contain fall from the 1.7190 levels and bring rebound . however ; sustained trading – weekly closing below the 1.6250 levels will bring free fall towards the 1.6058 levels ahead of…Continue
Added by Haitham653 on August 25, 2014 at 8:56am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.3415 holds on a weekly closing basis , support comes at the 1.3226 levels ahead of the 1.3104 levels (main) . At this point I’d expect strong support from the 1.3104 levels to contain fall from 13993 levels and bring rebound , however ; sustained trading -weekly closing – below the 1.3104 levels will have large bearish implication towards the 1.2745 levels where a cut will turn focus on the 1.2465 levels.
Added by Haitham653 on August 25, 2014 at 8:52am — No Comments
Great British pound is under a great selling pressure since 7 weeks. The signal currency lowered more than 600 pips in 7 weeks. This pair is strongly consolidating below 1.6675. Some correction is expected here but the trend is strong bearish. If correction starts here than the expected targets is 1.6696.
Buy Abobe 1.6550, Expected Targets 1.6595/1.6620 Stop loss 1.6521,Break out sell 1.6518.
Gold prices ticked down in early Asian Session,…Continue
Added by Usman Ali on August 25, 2014 at 7:16am — No Comments
The EUR/USD concern is German 10 year Yields below 1%, Euribor and Eonia at or approaching 0 and German bonds 1 - 3 year yields approaching negative territory. This lineup wasn't that bad during the Greek crisis and German yields haven't seen these levels even during the Great Depression. If Draghi takes on QE, he ensures further drops in interest rates, yields and the EUR/USD. But where.
Most significant ranges are found between 1.2481 - 1.3397, 1.3467. Possible bottoms…Continue
Downtrend in EUR continues unabated as single currency fell on Friday. The falling trend line resistance stays at 1.310-1.3420 levels. The currency remains highly oversold as indicated by daily indicators. 4-Hourly and Hourly charts are already pointing to a positive divergence with RSI. However, I need to see a convincing close above 1.33 levels post which I would think of initiating a positional Long trade in EUR/USD. Given the oversold…Continue
Added by Omkar Godbole on August 24, 2014 at 5:26pm — No Comments
EUR dropped to 1.3185 this morning and opened the week with a huge downside gap. Today the pair may consolidate around 1.3200, and tomorrow to start a recovery. This week is the end of the month trade, so i expect some profit taking from Short after Wednesday. Weekly, Daily and H4 indicators are bearish but are already turning flat to bullish, so i think we are going to have a recovery soon, although opening with such a gap lower is not a good sign.
GOLD was not able to close the week…Continue
Added by Vladimir Mihaylov on August 25, 2014 at 5:39am — No Comments