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Showing posts from January, 2011

Forex Day Trading - EUR/USD

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


The USD GDP report is due out at 1.30pm GMT and this is a report of HIGH importance. Markets tend to trend sideways prior to reports of HIGH importance.


A pending BUY order has been placed just above the Resistance of the Market at 13760 and a pending SELL order just below S1 at 13652.

Forex Day Trading - EUR/USD

There are quite a few reports of HIGH importance due out today. The Bank of England Minutes is due out at 9.30am, the US Fed meets on interest rates at 2pm and the BIG one, the USD Federal Open Market Committee Rate Decision is due out at 7.15pm!!
Markets will tend to trend sideways prior to 7.15pm. Best to trade around 7.15pm.

Forex Day Trading - EUR/USD

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

There are a few reports of HIGH importance due out today with the last report, USD Consumer Confidence, due out at 3pm. Trade with extreme caution before 3pm.
A pending BUY order has been placed above R1 at 13708 and a pending SELL order just below the Pivot point at 13621.

Forex Day Trading - EUR/USD

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



The market is currently trending sideways.



A pending BUY order has been placed just above R1 at 13683 and a pending SELL order just below the Pivot point at 13563.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . Economic reports are due out at 9.30am and 10am. Trade with caution prior to these times. . A pending BUY order has been placed just above R1 at 13480 and a pending SELL order just below the Pivot point at 13364.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The pending BUY order just above R1 at 13362 was taken at 7.20am and the profit limit of 60points was achieved at 9.15am.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . Economic reports are due out at 9.30am and 10am which could affect the market. . A pending BUY order has been placed just above R1 at 13362 and a pending SELL order just below the Pivot point at 13300.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . Today is a public holiday in US, Martin Luther King Day. Markets usually trend sideways during public holidays. . The market is currently trending sideways. Best to trade using market support and resistance strategy.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The market is currently trending sideways. . A pending BUY order has been placed just above R1 at 13017 and a pending SELL order just below the Pivot point at 12958.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The market is currently trending sideways around the Pivot point. . A pending BUY order has been placed just above R1 at 12996 and a pending SELL order just below S1 at 12902.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The market is currently trending sideways around the Pivot point. . A pending BUY order has been placed just above R1 at 15638 and a pending SELL order just below S1 at 15506.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The market is currently trending sideways. . A pending BUY order has been placed just above the R1 at 15617 and a pending SELL order just below Pivot point at 15509.

Day Trading - EUR/USD

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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 12947 and a pending SELL order just below S1 at 12866.