DailyFX Forex Forum | FX Forum

Forex / European Session - 03/07/2009

Posted 07-03-2009 at 12:29 AM by Mataf (Currency Majors Technical Analysis)

EUR/USD - Euro Dollar0,8022. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3925 (5903 pips). The consolidation should continue.

Resistances1,4030 - 1,4100Supports1,3925 - 1,3875

more information on EUR/USD - Euro Dollar Click Here

Mataf.net : technical analysis, Forex, currency converter

GBP/USD - British Pound Dollar1,6380. GBP USD is in a consolidation

...

Mataf

Special Guest Trader

Posted in DailyFX Guest Trade Ideas

Views 313 Comments 0 Mataf is offline

Forex Trading Plan-Home Run

Posted 07-05-2009 at 12:00 AM by Casey Stubbs (Winners Edge Trading Daily insights)

Casey Stubbs--WinnersedgeTradingA home run means creating a forex trading plan that will help you win. If you are serious about your trading and want to earn profits than you must be willing to do what is necessary to get the desired result. The first thing that you must do is create a trading plan. Forex trading is a business and you must treat it as a business. Ask a management professional what is the first thing any good businesses have, a business plan. This step is non negotiable it must be done to ensure success. Than why do so many traders say 'Huh' when I ask them about their plan?

That is the purpose of this article to educate traders on how to create a winning plan. First you have to determine what is going to be in...

Tags: forex trading plan

Casey Stubbs

Special Guest Trader

Posted in Uncategorized

Views 427 Comments 0 Casey Stubbs is offline

Lets Get Ready To Trade :)

Posted 07-05-2009 at 10:24 PM by Casey Stubbs (Winners Edge Trading Daily insights)

The pair is looking like a bear flag. The resistance is 1.4029 and the support is 1.3929. I am looking for the pair to challenge the resistance level and break to the downside. I will enter short after the pair tests the 1.4029 resistance level and bounces down. With a target of 1.3929 after that my target to the downside will be 1.3884

Want to earn extra pips? Try This

The chart pattern is telling me that the pair is a bear flag and the fundamentals are saying risk aversion is making the Dollar strong right now. There is an excellent article at Forex TV Blog about the fundamentals. So that is the reason for my views, however this is trading so I will not be entering any positions until the market gives me the...

Tags: dollar, eur, euro, forex, usd

Casey Stubbs

Special Guest Trader

Posted in Eur/Usd Trade opportunities

Views 255 Comments 0 Casey Stubbs is offline

Forex / European Session - 06/07/2009

Posted 07-06-2009 at 01:04 AM by Mataf (Currency Majors Technical Analysis)

EUR/USD - Euro Dollar1,3995. EUR USD is in a consolidation after the last bearish movement. The price is just above 1,3950 support. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3950 (45 pips). The downtrend seems to be finished. The price has a good probability to go up.