Posts

Showing posts from October, 2010

Preparing for trading day - 19.10.2010

Today's trades can be viewed at http://www.youtube.com/user/StockTrading4You.

Preparing for Trading Day - Friday, 15th of October

The USD Advanced Retails Sales and the USD Consumer Price Index economic reports are due out at 1.30pm UK time.

.

Trade with extreme caution before 1.30pm.

.

You can also view my trades at www.youtube.com/user/StockTrading4You.

Forex Day Trading - GBP/USD

Image
This is the 2Day 5Min Chart for GBP/USD . The market has reached R2 and hence no BUY opportunities. The only safe SELL opportunity at the moment is just below R1 at 15947. . This can change later in the day if the market forms a good channel and then the channel breakout strategy can then be used.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD . The market is now above R2 and hence no BUY opportunities. The only safe SELL opportunity at the moment is just below R1 at 14006. . This can change later in the day if the market forms a good channel and then the channel breakout strategy can then be used.

Preparing for the trading day

The GBP Jobless Claims Change report is due out at 9.30am UK time. This is a report of HIGH importance. Best to take positions just prior to the report been released.

.

Updates also at www.youtube.com/user/StockTrading4You.

.

Happy trading and remember to apply good money management to your trading.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD

.
The USD FOMC Meeting Minutes is due out today at 7pm. Trade very cautiously before 7pm.

.
A pending BUY order has been placed just above the Pivot point at 13920 and a pending SELL order just below S1 at 13826.

Forex Day Trading - GBP/USD

Image
This is the 2Day 5Min Chart for GBP/USD . The USD FOMC Meeting Minutes is due out today at 7pm. Trade very cautiously before 7pm. . A pending BUY order has been placed just above R1 at 15949 and a pending SELL order just below S1 at 15850.

Travelling to Rwanda

Image
I will be away in Rwanda till the 11th of October.

.

I will be having a series of board meetings with my fellow directors seen in the picture!!!

.

Happy trading!!