Posts

Showing posts from 2012

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The profit target of 60points was achieved at 8:35am. End of trading for the day!!

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The market has moved halfway (30points) towards the profit target. The Stop Loss has been moved to the opening level in order to protect the capital. The profit limit has been left in place.

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 Market Support at 13213 and a pending BUY order just above R1 at 13276.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending SELL order just below the Pivot Point at 13220 was taken at 12:20pm with a 20points Stop Loss and 60points Profit limit in place. This is the 2nd trade of the day.

Live-Forex-Day Trading-EUR/USD

Image
This is a 2Day 5Min Chart for EUR/USD The Stop Loss for the 1st trade of the day was taken at 11:05am with a loss of 20points. A pending SELL order has been placed just below the Pivot Point at 13220. The are no Clear BUY opportunities at the moment.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD A pending BUY order was placed just above R1 at 13271. The order was taken at 8.20am GMT with a Stop Loss of 20points and Profit Limit of 60points in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above the MA50 at 13198 was taken at 1.10PM with a 20points Stop Loss and 60points Profit Limit in place for the 2nd Trade of today. The Stop Loss of the 1st trade was taken at 1.50pm with no loss. At the same time, the Market moved halfway towards the profit target for the 2nd trade and the Stop loss was moved to the opening level in order to protect the capital.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Market has moved halfway (30points) towards my profit target of 60points. The Stop Loss has been moved to the opening level of 13224 in order to protect capital. The profit limit has been left in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The market was trending sideways and formed a Support. A pending SELL order was placed just below the Market Support at 13224 which was taken at 7.40AM with a 20points Stop Loss and 60points Profit Limit in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Stop loss of 20points of the 1st Trade was taken at 2.40pm. The 2nd trade, BUY order at the Market Resistance at 13189, was taken at 2.40pm. The profit target of 60points was taken at 3.40pm. No further trading today.

Live-Forex-Day Trading-EUR/USD

Image
2Day 5Min Chart for EUR/USD The pending SELL order just below the Market Support at 13158 was taken at 7.45AM with a 20points Stop Loss and 60points Profit limit.

Live-Forex-Day Trading-EUR/USD

Image
2Day 5Min Chart for EUR/USD The market is currently trending sideways. A pending BUY order can either be placed just above the Market Resistance at 13198 or just above R1 at 13226. A pending SELL order can either be placed just below the Market Support at 13158 or just below the Pivot Point at 13136.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Market has moved halfway (30points) towards the Profit target. The Stop Loss has been moved to the opening level in order to protect my capital.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above the Pivot point at 13121 was taken at 9.45AM with a 20points Stop Loss and 60points Profit Limit in place.

Forex-Day Trading-EUR/USD

Image
This is the 2day 5Min Chart for EUR/USD There are reports of HIGH importance due out today at 1.30PM and 2.55PM GMT. Trade with caution prior to these reports. The Market is currently trending sideways. A pending BUY order has been placed just above the Pivot Point at 13121 and a pending SELL order just below S1 at 13056.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The profit target of 60points was taken at 11.20AM. No further trading today.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending SELL order at 13013 below the Market Support was taken at 9.25AM with a Stop Loss of 20points and Profit limit of 60points in place. The Market moved halfway towards the profit target at 10AM and the Stop loss was moved to the opening level in order to protect the capital.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD There is a report of HIGH importance (USA interest rates) due out at 5.30pm. Market usually trends sideways prior to report of HIGH importance. Trade with caution. The market is currently trending sideways. A pending SELL order has been placed just below the Market Support at 13013. There are no Clear BUY opportunities.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Stop Loss was taken at 9.30AM with a loss of 20points on the 1st trade. A pending BUY order has been placed at the Fibonacci Retracement again at 13056 and a pending SELL order just below the Pivot Point at 12985.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order at the Fibonacci Retracement of 13056 was taken at 9.10AM with a 20points Stop Loss in place.

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Market is currently trending sideways. A pending BUY order has been placed at the Fibonacci Retracement at 13056 and a pending SELL order just below the Pivot Point at 12985.

Forex-Day-Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Stop Loss was taken at 9.05AM with a loss of 20points. No further trading till after the Euro-zone consumer confidence report at 3PM.

Forex-Day-Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above the Pivot Point at 12936 was taken at 8.15AM with a Stop Loss of 20points and Profit Limit of 60points in Place.

Forex-Day-Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD There are quite a few reports coming out from the Euro-zone today and also a meeting of the Euro-zone finance ministers. Trade with caution today. A pending BUY order has been placed just above the Pivot Point at 12936. There are no clear SELL opportunities.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Profit target of 60points was reached at 10AM. No further trading today.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Market has moved halfway towards the Profit target of 60points. The Stop loss has been moved to the opening level of 12952 in order to protect capital.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending SELL order just below the Market Support at 12952 was taken at 8.10AM with a Stop Loss of 20points and Profit Limit of 60points in place.

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 Market Support at 12952 and a pending BUY order just above R1 at 13010.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Stop Loss was taken at 12.10PM with a loss of 20points. No further trading till after report at 1.20pm.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD. The pending BUY order just above R1 was taken at 11.05AM with a Stop Loss of 20points and Profit Limit of 60points in place.

Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD There are reports of HIGH importance due out today at 9am and 1.30pm GMT. Markets tend to trend sideways prior to the last report of HIGH importance. Trade with caution. A pending BUY order has been placed just above R1 at 12911 and a pending SELL order just below the Pivot point at 12821.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Stop loss of the 1st trade was taken at 8.10AM with a loss of 20points. The pending SELL order just below the Pivot point at 12739 was taken at 8.30AM with a 20points Stop Loss and 60points profit limit in place. This is the 2nd trade.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above the Market Resistance at 12789 was taken at 7.30AM with a Stop Loss of 20points and Profit limit of 60points in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The possible entry points in the Market are shown on the chart above. A pending BUY order has been placed just above the Market Resistance at 12789 and a pending SELL order just below the Pivot Point at 12739.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Profit Limit of 60points was reached at 14.25hrs. No further trading today.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Market has moved halfway (30points) towards the Profit target of 60points. The Stop loss has been moved to the opening level in order to protect capital.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD For the 2nd trade of the day, a SELL order was taken just below the MA50 at 12780 at 13.15hours with a Stop Loss of 20points and Profit limit of 60points in place. A Market Support has also formed at 12764.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Stop Loss was taken at 12.10AM with a loss of 20points. There are currently NO clear trading opportunities. We continue to monitor the market for opportunities.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Market formed a Support at 12770 and also crossed the MA50. A Sell Order was taken at this point 11.55AM (GMT) with a 20points Stop Loss in place and a 60points profit limit in place.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The Euro-Zone CPI report has been announced. The market is currently trending up. There are NO clear BUY opportunities. There are possible SELL opportunities at just below the MA50, Just below the Market Support at 12740 or just below R1 at 12693.

Live-Forex-Day Trading-EUR/USD

Image
This is the 2Day 5min Chart for EUR/USD Today is a public holiday in USA (Martin Luther King Day). The markets tend to trend sideways during public holidays. Trade with extreme caution today. The market is currently trending sideways. Potential entry points are, to BUY just above the Pivot point at 12729 and to SELL either just below the Market Support at 12623 or just below S1 at 12576.