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Showing posts from September, 2011

Forex-Day Trading-EUR/USD

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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

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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 13957 and a pending SELL order just below S1 at 13818.

Forex-Day Trading-EUR/USD

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 14402 and a pending SELL order just below S1 at 14330.