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Showing posts from March, 2011

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 13970 and a pending SELL order just below the Support of the Market at 13865.

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 R1 at 14050 and a pending SELL order just below the Pivot Point at 13950.

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 13963 and a pending SELL order just below the Support of the Market at 13914.

Forex Day Trading - EUR/USD

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

There are reports of HIGH importance due out today at 1.30pm and 2.55pm. Trade with extreme caution prior to these times.

A pending BUY order has been placed just above the Pivot point at 13836 and a pending SELL order just below S1 at 13741.

Forex Day Trading - EUR/USD

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

The Profit Target of 60points was achieved at 1.40pm. No further trades today.

Forex Day Trading - EUR/USD

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

The pending SELL order just below S1 at 13857 was taken at 7.00am with a Stop loss of 20points and Profit limit of 60points in place.

The market has moved halfway (30points) towards the target of 60points hence Stop Loss has been moved to the opening level to protect capital.

Forex Day Trading - EUR/USD

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

The Bank of England Interest Rate decision is due to be announced at 12midday. This could have an impact on the EUR/USD. Trade with caution prior to 12midday.

A pending BUY order has been placed just above the Pivot Point at 13902 and a pending SELL order just below S1 at 13857.

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 13917 was taken at 11.20am 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 13917 and a pending SELL order just below S1 at 13840

Forex Day Trading - EUR/USD

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

The 60points Profit Limit was reached at 1.05pm. No more trading today.

Forex Day Trading - EUR/USD

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

The pending SELL order at the Support of the market at 13954 was executed at 7.40am 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 HIGH of the day at 13991 and a pending SELL order just below the support of the market at 13954.

Forex Day Trading - EUR/USD

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

The pending BUY order just above R1 at 14017 was taken at 9.20am with a Stop loss of 20points and Profit limit of 60points in place.

The Stop loss has now been moved to 14012, just below the most recent low point in the market.

Forex Day Trading - EUR/USD

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

The market is currently trending sideways and the Pivot point and S1 are within the sideways trend.

A pending BUY order has been placed just above R1 at 14017.