Posts

Showing posts from 2011

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Stop Loss was taken at 9.55AM with a loss of 20points. No further trading till after the report at 3PM.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending SELL order just below the Pivot Point was taken at 8.15AM with a Stop Loss of 20points and Profit Limit of 60points in place.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
There is a report of HIGH importance due out today at 3pm GMT. Trade very cautiously prior to the report. The Market is currently trending sideways. A pending BUY order has been placed just above R1 at 13387 and a pending SELL order just below the Pivot Point at 13327.

Forex-Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Market is currently trending sideways. A pending SELL order has been placed just below the Pivot Point at 13260.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The profit target of 60points was achieved at 11.25am.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Market has now moved halfway (30points) towards the Profit target of 60points. The Stop loss has been moved to the opening level in order to protect our capital.

Forex-Day Trading-EUR/USD

Image
This is the 2day 5min Chart for EUR/USD
The pending SELL order below S1 was taken at 8.50am with a 20points Stop Loss and 60points Profit limit in place.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The market is currently trending sideways. A pending BUY order has been placed just above the Pivot point at 13355 and a pending SELL order just below S1 at 13291.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5min Chart for EUR/USD
The market is currently trending between the Pivot Point and S1. A pending BUY order has been placed just above the Pivot point at 13401 and a pending SELL order just below S1 at 13264. Be aware, today is a public holiday in USA.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The last economic report of HIGH importance is due to be announced in a couple of minutes. A pending SELL order has been placed just below the Market Support at 13370 and a pending BUY order just above S1 at 13471.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
There are reports of HIGH importance due out at 1:30PM and 7:00PM GMT. The markets usually trends sideways prior to the last report of HIGH importance. The EUR/USD market is currently trending sideways. No pending orders have been placed.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
Following 2 consecutive losses at S1, trading was stopped to take a critical look at the market before placing the 3rd and final trade. Since the Market is now trending sideways around S1, this cannot be used as a point of entry into the market. The plan is to wait and observe the Market for possible formation of Market Support or Resistance.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending SELL order below S1 was taken at 8:50am with a loss of 20points on 1st trade. Another pending SELL order has been placed just below S1 at 13441 again.

Live-Forex-Day-Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The market is currently trending sideways. A pending BUY order has been placed just above the Market Resistance at 13542 and a pending SELL order just below S1 at 13441.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending SELL order just below S1 at 13818 was taken at 10.30am with a Stop Loss of 20points and Profit Limit of 60points in place.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Market is currently trending Sideways. A pending BUY order has been placed just above the Pivot Point at 13957 and a pending SELL order just below S1 at 13818.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The report has now been announced. A pending BUY order has now been placed again just above the Pivot Point at 14080 and a pending SELL order just below S1 at 14005.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Stop loss was taken at 8.40am with a loss of 20points. No further trading till after the report at 12.45pm.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending BUY order just above the Pivot Point at 14080 was taken at 7.55am with a 20points Stop Loss and 60points Profit limit in place. No further trading till after the report at 12.45pm.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5min Chart for EUR/USD
A report of HIGH importance (European Central Bank Rate Decision) is due to be announced today at 12.45pm. Markets tend to trend sideways prior to reports of High Importance.
A pending BUY order has been placed just above the Pivot Point at 14080 and a pending SELL just below S1 at 14005.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Stop Loss was taken at 9.05am with a loss of 20points. A pending SELL order has been placed just below the Market Support at 13971. Due to the current volatility of the market, I will wait for the market to settle before deciding on the BUY order.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending BUY order just above the Pivot Point at 14088 was taken at 9.00am with a 20points Stop Loss and 60points Profit Limit in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
A pending BUY order has been placed just above the Pivot Point at 14088 and a pending SELL order just below the Market Support at 13971.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The profit target of 60points was achieved at 9.00am. No further trading today.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending BUY order just above the Pivot Point at 14102 was taken at 8.10am with a Stop Loss of 20points and Profit Limit of 60points in place. No further trading till after the report at 10am.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2day 5Min Chart for EUR/USD
There is a report of HIGH importance due out at 10am. Trade with caution prior to report.
A pending BUY order has been placed just above the Pivot Point at 14102 and a pending SELL order just below S1 at 14024.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The report of HIGH Importance has been announced. A pending BUY order has been placed just above the Market Resistance at 14177. There are no SELL opportunities.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Stop Loss was taken at 9.20am with a loss of 20points. No further trades till 10am after the report.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2day 5Min Chart for EUR/USD
The pending SELL order just below the Market Support at 14134 was taken at 7.40am with a 20points Stop Loss and 60points Profit Limit in place. No further trading till after the report at 10am.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
A report of HIGH importance is due out today at 10.00am and it is also a public holiday today in USA. There is a high probability of the market trending sideways today.
The market is currently trending sideways and has formed a Resistance and Support. A pending BUY order has been placed just above the Market Resistance at 14177 and a pending SELL order just below the Market Support at 14134.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The US Non-Farm Payroll report is due out today at 1.30pm UK time. This is a report of Very HIGH Importance. The markets tend to trend sideways prior to the report. 
A pending BUY order has been placed just above the Pivot Point at 14291 and a pending SELL order just below S1 at 14198.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Profit Target of 60points was achieved at 8.50am. No further trading today.

Forex-Day Trading-EUR/USD

Image
This is the 2day 5Min Chart for EUR/USD
The market has now moved halfway (30points) towards the target of 60points. The Stop loss level has been moved to the opening level in order to protect capital. The Profit limit has been left in place.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5min Chart for EUR/USD
The Market formed a Support at level 14354 at 7.20am. The previous pending SELL order was then moved to 2points below the Market Support at 14352. The SELL order was taken at 8.00am with a 20points Stop Loss and 60points Profit limit in place.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The market is currently trending sideways. A pending BUY order has been placed just above the Pivot Point at 14402 and a pending SELL order just below S1 at 14330.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending BUY order just above the Pivot Point at 14452 was taken at 7.30am with a resulting loss of 20points. No further trading till after the report at 8.55am.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
A report of HIGH importance is due out today at 8.55am. Trade with caution prior to report.  A pending BUY order has been placed just above the Pivot Point at 14452 and a pending SELL order just below S1 at 14365.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Profit Limit of 60points was reached at 10.10am. No more trades today.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Market has moved halfway (30points) towards the target of 60points. The Stop Loss has been moved to the opening level of 14475 in order to protect capital.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending SELL order below S1 at 14475 was taken at 8.55am with a 20points Stop Loss and 60points Profit Limit in place. The pending BUY order has been deleted and there will be no further trading till after the report at 7pm.

Forex Day Trading - EUR/USD

Image
This is the 2day 5Min Chart for EUR/USD
There are reports of HIGH importance due out at 3pm & 7pm today. The markets tend to trend sideways prior to the last report of HIGH importance. A pending BUY order has been placed just above R1 at 14562 and a pending SELL order just below S1 at 14475.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
Today is a public holiday in UK and there are also reports due out today from EUR Germany and USA which could affect the markets. Due to these factors, there is a HIGH probability that the markets will trend sideways. Markets should be approached with caution.
A pending SELL order has been placed just below the Pivot Point at 14442. A pending BUY order has not been placed yet. Due to the above factors and the recent volatility in the markets, I am waiting to see what happens to the markets when R1 is broken.

Swing Trading Opportunities - EUR/USD

Image
This is the 1Year Daily Chart for EUR/USD
The market has been trending sideways since May 2011. Still waiting for market direction. There are currently no swing trading opportunities due to the fact the MA50 is sideways and the Fibonacci Retracement is within the sideways trend.

Forex-Swing-Trading-GBP/USD

Image
This is the 1year Daily Chart for GBP/USD
The market is down trending and approaching the 50% Fibonacci Retracement. I will be placing a pending Sell Swing Trade order at the 50% Fib at 15754.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
Today is independence day in USA and the markets are closed in USA. The markets tend to trend sideways during public holidays.
The market is currently trending sideways. A pending SELL order has been placed just below the Pivot point at 14503.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
There is an announcement of HUGE significance due out at 12noon UK time. The markets will probably trend sideways prior to this. Trade with extreme caution prior to 12noon.
A pending BUY order has been placed just above R1 at 14425 and a pending SELL order just below the Pivot Point at 14328.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart of EUR/USD
A report of HIGH importance is due out at 3pm UK time. The market tends to trend sideways prior to reports of HIGH importance. Trade very cautiously prior to reports of HIGH importance.
A pending BUY order has been placed just above R1 at 14397 and a pending SELL order just below the Pivot Point at 14247.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The Stop loss was taken at 2.45pm with a loss of 20points. Due to the uncertainty in the market, no further trades will be placed today.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The pending SELL order at the Fibonacci Retracement at 14196 was taken at 1.30pm with a Stop Loss of 20points and Profit Limit of 60points in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD
The market has fallen and taken the Stop Loss at the Opening level of 14196 with No loss. The MA50 is now above the Fibonacci Retracement. A pending SELL order has been placed at the Fibonacci Retracement at 14196. No pending BUY orders were placed.