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Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . There are 2 reports of HIGH importance due out today, the euro-zone CPI at 10am and the USD Consumer Confidence at 3pm. . The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 15576. A pending Sell order has been placed just below S1 at 15500.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . There are 2 reports of HIGH importance due out today, the euro-zone CPI at 10am and the USD Consumer Confidence at 3pm. . The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 13158. A pending Sell order can be placed either at the 38.30% Fibonacci retracement at 13056 or just below S1 at 13007.

Swing Trade Opportunities on EUR/USD

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This is the 1year Daily Chart for EUR/USD . The market is currently trending downwards and it is below the MA50. There are also a lot of concerns in Europe following the Irish bailout and worries over the economies of other european countries such as Portugal and Spain. . I have placed a pending Sell swing trade order at the 38.20% Fibonacci Retracement at 13056.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . Currently in a BUY trade and Stop loss moved to opening level. . A pending SELL order has been placed just below the Pivot point at 16043 which is also now below the MA50. . No change in Pending Orders position for EUR/USD.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . There is a report of HIGH importance due out at 10.30am. Trade cautiously before 10.30am. . The market is currently trending sideways. A pending BUY order has been placed just above the Pivot point at 16047 and a pending SELL order just below S1 at 15904.

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 10.30am. Trade cautiously before 10.30am. . The market is currently trending sideways. A pending BUY order has been placed just above the Pivot point at 13832 and a pending SELL order just below the Support of the Market at 13733.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD. . The Bank of England Rate decision is due to be announced at 12noon and the European Central Bank Rate decision at 12.45pm. Trade extremely cautiously before these times. . The market is currently trending sideways between R1 and the Pivot point. A pending Buy order has been placed just above R1 at 16175 and a pending Sell order just below the Pivot point at 16088.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD. . The Bank of England Rate decision is due to be announced at 12noon and the European Central Bank Rate decision at 12.45pm. Trade extremely cautiously before these times. . The market is currently trending sideways between R1 and the Pivot point. A pending Buy order has been placed just above R1 at 14190 and a pending Sell order just below the Pivot point at 14088.

Forex Swing Trading - EUR/USD

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This is the 1year Daily chart for EUR/USD . The market is approaching the 23.60% Fibonacci Retracement. . A pending swing trade buy order has been placed at 14196.

Preparing for trading day - 19.10.2010

Today's trades can be viewed at http://www.youtube.com/user/StockTrading4You .

Preparing for Trading Day - Friday, 15th of October

The USD Advanced Retails Sales and the USD Consumer Price Index economic reports are due out at 1.30pm UK time. . Trade with extreme caution before 1.30pm. . You can also view my trades at www.youtube.com/user/StockTrading4You .

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The market has reached R2 and hence no BUY opportunities. The only safe SELL opportunity at the moment is just below R1 at 15947. . This can change later in the day if the market forms a good channel and then the channel breakout strategy can then be used.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The market is now above R2 and hence no BUY opportunities. The only safe SELL opportunity at the moment is just below R1 at 14006. . This can change later in the day if the market forms a good channel and then the channel breakout strategy can then be used.

Preparing for the trading day

The GBP Jobless Claims Change report is due out at 9.30am UK time. This is a report of HIGH importance. Best to take positions just prior to the report been released. . Updates also at www.youtube.com/user/StockTrading4You . . Happy trading and remember to apply good money management to your trading.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The USD FOMC Meeting Minutes is due out today at 7pm. Trade very cautiously before 7pm. . A pending BUY order has been placed just above the Pivot point at 13920 and a pending SELL order just below S1 at 13826.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The USD FOMC Meeting Minutes is due out today at 7pm. Trade very cautiously before 7pm. . A pending BUY order has been placed just above R1 at 15949 and a pending SELL order just below S1 at 15850.

Travelling to Rwanda

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I will be away in Rwanda till the 11th of October. . I will be having a series of board meetings with my fellow directors seen in the picture!!! . Happy trading!!

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . Reports of Medium Importance are due out at 9.30am and 10.00am. . A pending BUY order can either be placed just above the Resistance of the Market at 13598 or just above R1 at 13651 and a pending SELL order can either be placed just below the Low of the Sideways trend at 13554 or just below the Pivot point at 13513.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . Reports of Medium Importance are due out at 9.30am and 10.00am. . A pending BUY order has been placed just above R1 at 15895 and a pending SELL order just below the Pivot point at 15804.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . There are quite a few reports of HIGH importance due out today with the last report at 3pm. Trade with extreme caution before 3pm. . The market is currently trending sideways . A pending BUY order has been placed just above the Resistance of the market at 15870 and a pending SELL order just below S1 at 15773.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . There are quite a few reports of HIGH importance due out today with the last report at 3pm. Trade with extreme caution before 3pm. . The market is currently trending sideways . A pending BUY order has been placed just above the HIGH of the sideways trend at 13509 and a pending SELL order just below S1 at 13405.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The market is currently trending sideways. A pending BUY order has been placed just above the Resistance of the market at 15847 and a pending SELL order just below the Support of the market at 15802.

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 Resistance of the market at 13497 and a pending SELL order just below the LOW of the sideways trend at 13445.

Forex Day Trading - GBP/USD

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This is the 2Day 5Mins Chart for GBP/USD . There are a few reports of importance due out today. The last report is at 2.00pm. . A pending BUY order has been placed just above the HIGH of yesterday at 15654 and a pending SELL order just below the Pivot point at 15576.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . Quite a few reports are due to be released today with the last report of importance at 2.00pm. . The maket is currently trending sideways. A pending BUY order has been placed just above the HIGH of the sideways trend at 13038 and a pending SELL order just below the LOW at 12953.

Forex Day Trading - GBP/USD

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This is the 2Day 5Mins Chart for GBP/USD . The Profit target of 60points was reached at 5.00pm. . No further trades today.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . . The pending BUY order at 15590 was taken at 3.20pm with a Stop loss of 20points and a Profit limit of 60points in place. . The market has moved halfway towards the profit target and hence the Stop loss has been moved to the opening level of 15590. The profit limit has been left in place.

Forex Day Trading - GBP/USD

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This is the 2Day 5Mins Chart for GBP/USD . The economic reports have been announced. . A pending BUY order has been placed just above the most recent HIGH of the market at 15590 and a pending SELL order just below the recent LOW of the market at 15447.

Forex Day Trading - EUR/USD

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This is the 2Day 5Mins Chart for EUR/USD . The economic reports have been announced. . The current pending BUY order is just above the most recent HIGH at 13035 and the pending SELL order is just below the Pivot point at 12949.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The Euro Zone Consumer Price Index report is due out at 10am. . A pending BUY order has been placed at the 38.20% Fibonacci Retracement at 13056 and a pending SELL order just below the Pivot point at 12949.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The GBP Unemployment figures are due out at 9.30am. . A pending BUY order has been placed just above R1 at 15633 and a pending SELL order just below S1 at 15390. These orders might be adjusted at 9.30am when the report is announced

Swing Trade Opportunities on EUR/USD

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This is the 1year Daily Chart for EUR/USD . A pending swing trade BUY order has been placed at the 38.20% Fibonacci Retracement at 13056.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The Profit target of 60points was reached at 3.45pm. . No more trading today. We have survived to trade another day!!!

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 now been moved to the opening level of 12912 in order to protect our capital. The Profit limit of 60points has been left in place.

Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD . The pending BUY order at 12912 was taken at 3.15pm 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 last report of HIGH importance today has been announced at 1.30pm. . A pending BUY order has been placed just above the HIGH of the day at 12912 and a pending SELL order just below the Pivot point at 12824.

Forex Day Trading - GBP/USD

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This is the 1week 5min Chart for GBP/USD . The last report of HIGH importance today has been announced at 1.30pm. . The pending orders from this morning are still in place with a BUY order just above R1 at 15489 and a SELL order just below the Support of the market at 15342.

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 12939 and a pending SELL order just below the Pivot point at 12824.

Forex Day Trading - GBP/USD

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This is the 1week 5Min Chart for GBP/USD . The market has been trending sideways and reports of HIGH importance are due out today. . A pending SELL order has been placed just below the Support of the market at 15342.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The market is currently downtrending. . A pending SELL order has been placed just below R1 at 15382.

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 our profit target of 60points. The Stop loss has now been moved to the opening level of 12709. The Profit limit of 60points has been left in place.

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 12709 was taken at 8.10am with a Stop loss of 20points and Profit limit of 60points in place. . This will be the last trade till midday.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . This 1st trade (SELL trade) resulted in a loss of 20points. . Only a pending BUY order has been placed just above the Pivot point at 15428.

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 12709 and a pending SELL order just below S1 at 12646.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The BOE interest rate decision was announced at 12noon. . A pending BUY order has been placed just above the Pivot point at 15453 and a pending SELL order just below S1 at 15366.

Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The pending BUY order just above R1 at 15417 was taken at 8.00am with a Stop loss of 20points and Profit limit of 60points in place. . The Profit limit of 60points was reached at 8.15am.

Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . A pending BUY order has been placed just above the 1st Resistance (R1) at 15417. A pending SELL order has been placed just below the Pivot point at 15354.

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 12743. A pending SELL order has been placed just below the Support of the Market at 12674.

Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The Sell order at 15351, just below the support of the market, was taken at 12.30pm with a Stop loss of 20points and Profit limit of 60points in place. . Move Stop loss to opening level once market has moved halfway (30points) towards Profit target.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . 1st trade resulted in a loss of 20points. . A pending BUY order has been placed again just above the Pivot point at 15411. . The initial SELL order positions at the Support of the market (15351) or just below S1 (15327) are still valid.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . Buy order just above Pivot point at 15411 was taken at 8.15am with a Stop loss of 20points and Profit limit of 60points in place.

Forex Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD . The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 15411. . A pending Sell order can either be placed just below the Support of the market at 15351 or just below S1 at 15327.

Forex Day Trading - EUR/USD

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This is the 2day 5Min Chart for EUR/USD . The market was initially trending down but now trending sideways. . A pending BUY order has been placed just above the Resistance of the market at 12822 or just above S1 at 12851.