update:
my eur/usd trade from last week i closed already monday morning at 1.5858 for 70 pips. togehter with gbp/usd, taken from 1.9905 friday 11.th, took profit at 1.9820 after UK PPI monday morning as
well. I still believe there shoud be more downside to come in these two pairs, but i am looking for even better entries. 160 pips in one day is enough for me (and more 60 pips from GAP strategy).
a decent strategy for this coming week is still to sell eur/usd and gbp/usd strength. all near 1.5900 is a sell for me, however 1.5770 is the key level that has to be broken to see a real
downmove in coming weeks.
GAP strategy:
this sunday night only aud/usd and aud/jpy showed a reasonable gap to trade. However, later this sunday is Australian ppi, and the GAP might not be closed if PPI deviates much to the
upside.
Have a good trading week!
Risk Disclosure: Trading foreign exchange carries a high level of risk, and for sure is not suitable for all investors. Before deciding to
invest in foreign exchange you should carefully consider your level of risk appetite. The possibility exists that you take a loss of some or all of your initial investment. You should be aware of
all the risks associated with foreign exchange trading, and its recommended to seek advice from an independent financial advisor. In no means there are made trading recommendations on this site,
this is only for educational purposes. If you decide however to invest your money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
update:
EUR/USD
despite good US date from friday (trade balance, uni of michigan confidence all better than expected), eur/usd managed to give an impressive final day of the last week with levels over 1.59,
but the force behind this usd sell over was pure panic (stock market, gse). The aggressive strategy of this week is to sell eur/usd on this strength. Eur is terribly overvalued in my opinion,
Bernanke speeks this coming week, where he probably focuses again more on inflation than economic outlook (we know already that its terrible!!) Short anything over 1.59 this week and stop loss
agressive over 1.6080!!!
Only risk takers may like this trade!!!
I am actually short from 1.5930 and will add if eur/usd should continue to rise
also recommended GBP/USD over 1.9900 sell, but i will focus on my EUR/USD trade.
GAP strategy:
EUR/USD opened at 1.5970 versus a friday close of 1.5938 and USD/JPY opened at 106.00 versus 106.35, two 30 pips gaps!!! both were filled in about one hour time!
Have a good trading week!
Risk Disclosure: Trading foreign exchange carries a high level of risk, and for sure is not suitable for all investors. Before deciding to
invest in foreign exchange you should carefully consider your level of risk appetite. The possibility exists that you take a loss of some or all of your initial investment. You should be aware of
all the risks associated with foreign exchange trading, and its recommended to seek advice from an independent financial advisor. In no means there are made trading recommendations on this site,
this is only for educational purposes. If you decide however to invest your money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
update:
Gbp/Usd got up over 2.0005 on tuesday and fell wednesday morning due to expected poor economic UK data to 1.9845, so you should have been able last week to grab (if you took my recommended
1.9950-2000 entry last sunday night) at least 100 pips. if you kept longer you could make even more pips after the Trichet speech thursday, whereafter the pound collapsed to 0.9794.
For this coming week i only have one entry to give and this with a tight stop loss, its USD/JPY 107,10-14 sell. Its a strong resistance zone from daily downtrend line and former uptrend line as
well as fibonacci resistance (lows 9.6.08 to high 16.06.08).stop loss would be around 107.50.
After the Trichet speech where he dissappointed all future rate hike expectations but at the same time terrible US datas (unemplyment rise, ISM) and all indicators in no-mans- land its not
possible to give more entries at this time.
I will eventually make an update during the week.
GAP strategy:
EUR/USD opened at 1.5698 in relation to the friday close 1.5708 and closed this gap indeed in about 2 h time. EUR/JPY closed friday at 167.72 but opened sunday evening at 167.58. An
escellent trade and the 12 pip gap was also filled in less than 10 minutes!
Have a good trading week!
Risk Disclosure: Trading foreign exchange carries a high level of risk, and for sure is not suitable for all investors. Before deciding to
invest in foreign exchange you should carefully consider your level of risk appetite. The possibility exists that you take a loss of some or all of your initial investment. You should be aware of
all the risks associated with foreign exchange trading, and its recommended to seek advice from an independent financial advisor. In no means there are made trading recommendations on this site,
this is only for educational purposes. If you decide however to invest your money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
Weekly trading signals and pattern, updated every sunday night for the coming week.
USD/JPY
well, the high last monday was at 108.58. only to break then down to about 107.25 at friday afternoon, 2 pips away form my given entry
point. I did take the trade at this .58 level, and i hope that you did, too. I took profit of the main part before the weekend (at 107.30) and keep the rest opened with my stop loss now at 118.10
(pivot point)
EUR/JPY
similar story here, we missed the 168.40 entry level, but reached our aggressive 167.70 entry level. If you took this trade and sold about
166.80 (like i did) you made at least 85 pips before the weekend.
GBP/JPY
Gbp/jpy reached after amazing british retail sales on thursday 213.35, shy 15 pips away from my entry. anyway, thats forex. a non trade
here
In the moment this market is boring rangebound, now alrwady for quite some time. There will be soon a breakout, and the breakout probably will
be rather explosive. I still prefer the carry trades to correct soon, but the extreme oversold conditions like last week with all daily cci way above 100/200 and daily trendlines in reach are now
gone. so we have to wait now for good new entries. Only entry for now: EUR/JPY 185.70 sell
all 4 pairs which had a significant gap (at least 15 pips) filled the gap in 2 hours time
EUR/USD friday close 1,5609 sunday open
1.5622
USD/CHF
1,0358 1,0344
EUR/JPY
167,52 167,38
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
1. EUR/JPY sell at 168.30/40 (weekly and daily trendline). RSI and MACD show divergence (see charts). Agressive traders may sell at 167.50-70 (highs from october/november 2007), and add at
168.40
2. USD/JPY sell at 108.50-60 resistance), in addidition rsi divergence and rsi crosses obersold 75% line downwards.
3. Agressive traders may sell also GBP/JPY at about 213.40-60 resistance from former highs
Risk Disclosure: Trading foreign exchange carries a high level of risk, and for sure is not suitable for all investors. Before deciding to invest in foreign exchange you should carefully
consider your level of risk appetite. The possibility exists that you take a loss of some or all of your initial investment. You should be aware of all the risks associated with foreign
exchange trading, and its recommended to seek advice from an independent financial advisor. In no means there are made trading recommendations on this site, this is only for educational purposes.
If you decide however to invest your money, its on your very own risk and you should only take only money what you can afford to lose
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
if you are short at AUD/USD 0.9240-55 keep it, stops over 0.9320
i was stopped out of my EUR/JPY short from 159.29 at 159.20 (adjusted stop loss for a gain of 5 pips) and am looking to resell at 160.05/31. if you are still in the trade, try to sell a second at
these levels to improve your entry.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a
loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange
trading, and seek advice from an independent financial advisor if you have any doubts. In no means there are made trading recommendations on this site, this is only for educational purposes. If
you take money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
update 25.02.2008
development of EUR/CAD pattern quite impressive. who took the short on friday (about 1.500) has now appr. 150 pips in his pocket. recommend adjust stop. daily cci 100 line is passed, RSI may cross
50 line at any time. still looking for the daily head-and-shoulder-pattern to develop for the future, the neckline would come around 1.4520
GBP/CHF 4 h pattern:
away from support line again. touched the 55 EMA and down again, here we are. lets see if its able to break the support line this week. if it breaks, we will go short, if it bounces from the line
(test and put a doji or hammer etc.) go long.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a
loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange
trading, and seek advice from an independent financial advisor if you have any doubts. In no means there are made trading recommendations on this site, this is only for educational purposes. If
you take money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
Samstag, 23. februar 2008
EUR/CAD daily chart, possible upcoming head-and-shoulder pattern!!!!
will keep you update on that
further more: GBP/CHF 4H channel interesting. we will sell if the candle closes below support line . Will keep you updated on monday. Have a nice weekend!!!
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a
loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange
trading, and seek advice from an independent financial advisor if you have any doubts. In no means there are made trading recommendations on this site, this is only for educational purposes. If
you take money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
Samstag, 23. februar 2008
Sell AUD/USD at 0.9240-55
Sell EUR/JPY 159.29
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a
loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange
trading, and seek advice from an independent financial advisor if you have any doubts. In no means there are made trading recommendations on this site, this is only for educational purposes. If
you take money, its on your very own risk and you should only take only money what you can afford to lose.
von forexmaster
-
veröffentlicht in: forexsignals
-
0
-
empfehlen
