Hello friends, ... new tag line :)
++ I think only breakout and breakdown strategy should be applied for EUR/USD this week.
++ My trading plan here included template file for MT4…Continue
Trading Plan EUR/USD when price hit the line at bullish area.
Template for MT4 - H1Continue
More trading plan can be found here and just for share.
HIGH RISK WARNING
Behind high rewards you can get it, realize that foreign exchange trading carries a…
The price is currently covering/consolidating in the SR zone between 1.2885 and 1.2858. In the zone are also a daily S1 pivot @1.2867, weekly S1 pivot @1.2872 and a fib extension. Above the zone we should look to buy, below to sell.
First the chart with the previous fib study:
3rd touch for confirmation…
I had been alerted that the EUR/USD is in a pattern on the edge. I think that we should be more careful in the use of margin, because in this week EUR / USD could run at about 400 pips up or down in one jolt. This could be an advantage or even collapse for traders who still have problems with…Continue
EURUSD is always surprising us. Do we wait for the right moment (hours, even days) and in our hands to be quick to take positions when the price suddenly changed?
One of the biggest problems we see from traders wanting to improve their performance is they are not using fact based triggers, and they don't' know it.
A "fact based trigger" is when price "closes" above a specific level, and not just moves above it. Another example would be if you use a moving average for your trigger/signal. It's very different to say "buy when the green line moves above the red line" then it would be to say "if the green line is above the red line on the close of…Continue
Added by Jay Norris on May 2, 2012 at 1:54pm — No Comments
After big moves as the Friday's was one of this two things usually happen:
As I see EU is now in down channel consolidation mode. Aggressive traders could play the ping pong between the two trend lines or wait for a break in either direction. The most conservative play is to wait to some pullback.
The down channel looks like this:…Continue
Added by Pipomatic on March 12, 2012 at 7:53am — No Comments
Sometimes I wonder why, but the wondering goes quick away as I really don't want to understand all the fundamentals that drive the price up and down. I like to keep it technical although I know that fundamentals move the price. If you ask me, Euro is overrated :P
I really like to give you a link to a nice post from piphut…Continue
I'm back again. Hope you missed my analysis, at least a little ;) Let's get back to business. I'll start with a daily chart:
As we can see the pair is trading in an up channel on daily/4h charts. Today we had a bounce from the bottom of the channel and despite a quite slow day there was three opportunity to get long (one aggressive and two moderate). I'll speak of…Continue
Will be short. Until break out of the pennant I don't expect any real action. The head and shoulder formation was invalidated as we never reached the neckline on 1h chart. As the price broke the bolder blue trend line for the second time I prefer to sell, but as you may know the pennant after an uptrend usually means continuation.
Here's the chart (pennant within thin blue lines):…Continue
From the daily chart perspective the pair is in a potential reversal zone. The black trend line is holding for now. If we see a bearish engulfing on a daily chart today, the next week could be very bearish.
The previous analysis is still…Continue
EUR/GBP cross pair analysis to construct EUR/USD trade plan…Continue
Added by gary on January 27, 2012 at 5:00am — No Comments
On Friday EurUsd dipped after S&P downgrades 9 Eurozone countries including France. Friday's high to low was a nice 250+ pips free fall (not even one bullish 1h candle - 8 hours!). My analysis was almost correct.…Continue
Added by Pipomatic on January 16, 2012 at 9:49am — No Comments
Another good day of trading. Booked +34 pips in 3 winner trades and 1 loosing. That's the 6th profitable day in a row .. wehaaa a new record ;)
The 1.2700 level held perfectly. Once in the Asian session and then again in the early London session. The biggest 1h bull candle is because of poor US data released in early NY session.
Let's get back to technical analysis. I'm thinking now where to start .. an a daily, 4h or 1h chart .. ?!?! It's always better to have a…Continue
The space between the daily falling purple line and the 4h raising brown line is shrinking. If not today then tomorrow a break on any direction must occur. I prefer a downside break.
I’m short from 1.3079 and targeting the brown 4h trend line and maybe lower on a break. Next target could be @1.3025 with some minor support on the way.…Continue
Following the two day meeting of the Federal Open Market Committee, it was decided that there won't be another quantitative easing plan for now that will expand the Fed's balance sheet; it was decided that the Fed will purchase $400 billion worth of Long Term Securities in exchange of Short Term Securities by the end of June 2012.
Added by Lior Cohen on September 22, 2011 at 12:38pm — No Comments
* Should be able to lose 19 of 20 trades and still come out positive overall
How many pips are in an average trade?
How many pips can we risk and achieve a positive 1/20 outcome?
Note to readers: Please note that these are for example and to illustrate a point, even though they do work for multiple-lot traders also.
Move: 300 pips
300 x .5 = $150 dollars (for .05 micro lots)
300/20 = can…