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Showing posts from November, 2011

Forex Day Trading - EUR/USD

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

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 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

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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

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

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 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

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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

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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 13355 and a pending SELL order just below S1 at 13291.

Forex-Day Trading-EUR/USD

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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

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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

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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

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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

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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

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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 Market Resistance at 13542 and a pending SELL order just below S1 at 13441.