Go Back   DailyFX Forum
Reload this Page Blogs

Old
Rating: 1 votes, 5.00 average.

Results: 4hr Triangle Trade Eur/Usd: Plus Next Week Outlook

Posted Today at 01:50 PM by Casey Stubbs (Winners Edge Trading Daily insights)


I did an article on Thursday about a 4hr triangle trade opportunity. I am wondering if any one else attempted this method along with me. After I posted the article on Thursday the Eur/Usd did not move more than 5 pips for about 12 hours because traders were waiting for the Non-Farm Payrolls report to come out. When the report came out the price dropped out of the triangle and I entered short at about 1.4875 and the price went straight down to 1.4814 which is a total of 61 pips. I actually had a profit target set in place of 55 pips so I almost got the whole trade.

Now It usually doesn't work that well but sometimes it...
Continue reading...
Special Guest Trader
Posted in Uncategorized
Views 0 Comments 0 Casey Stubbs is offline now
Old

Weekly summary - Dollar retreats despite fears from job market

Posted Today at 05:00 AM by Yohay
The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the terrible American job market, and the blurry rate decision by the Fed. The horizon isn’t clear with this jobless recovery. Here’s an overview of this week in forex trading.

The US Dollar Index retreated this week from 76.21 to 75.74, similar to the close about two weeks ago, before last week’s big comeback. It’s hard to say that last week’s surge was a short episode, or that this week’s stall was only temporary.

The rate decision by the Federal Reserve was expected: no change of wording – almost copy pasted from the previous FOMC Statement. In my post about 4 scenarios for the Fed decision, I gave...
Continue reading...
Forex Crunch
Posted in Uncategorized
Views 40 Comments 0 Yohay is offline
Old

EURUSD rebounded from 1.4626 level

Posted Today at 12:17 AM by ForexCycle.com (Free Forex Market Analysis)
After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in favor. Key support level is located at 1.4626, fall below this level will indicate that the uptrend from 1.3748 has completed at 1.5062 already, then the following downtrend could take price back to 1.4000 area.

For long term analysis, EURUSD remains in long term bullish movement from 1.2456, further rise is still possible to 1.5200-1.5500 area. However, a break below 1.4484 key support will indicate that a long term cycle top has been formed on weekly chart.

...
Continue reading...
ForexCycle.com's Avatar
Special Guest Trader
Posted in Uncategorized
Views 81 Comments 0 ForexCycle.com is offline


Disclaimer: 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 trade 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. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 02:23 PM.
Copyright ©2009 Daily FX. All Rights Reserved.