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Showing posts from August, 2011

Live-Forex-Day Trading-EUR/USD

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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

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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

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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

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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

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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

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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

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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

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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.