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Forex Trades 07/19 - US session
[b][img]http://www.mataf.net/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Resistances[/b]: 1.311 - 1.306 - 1.3
[b]Supports[/b]: 1.276 - 1.2875 - 1.294

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpjpy"]GBP/JPY - British Pound / Yen[/url][/b]
[b]Entry[/b]: 133.1
[b]Stop[/b]: 133.65
[b]Resistances[/b]: 135.9 - 134.1 - 133.5
[b]Supports[/b]: 131.3 - 132.2 - 132.85

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD ...

After more than 2 decades of trading forex and training students around the world, it still amazes me when I see some trading tactics. Trading forex involves some skills in fundamental thinking, technical analysis, but most importantly -common sense. The latter is the most difficult. Let me cite an example that happens a great deal in many currency pairs. The currency pair rises and breaks a side ways channel. The trader perceives this as being “oversold” and sells the pair while it is rising. Yet it keeps going higher. The trader, instead of getting out of the way, until the patterns become more predictable, instead, sells again, determined to “beat” the pattern and see it reverse. It rises again instead. The result is that the trader ...

[B]Bias: [/B] While 0.8705-15 supports this should extend to 0.8770 and later 0.8806

Price didn't quite meet the 0.8623 support and saw a move higher yesterday that has extended further today. While 0.8705-15 supports this can extend further to 0.8770 initially and after a correction to around 0.8730 then see another push higher to 0.8806. I feel this higher area is likely to cap for a correction lower. Only directly above 0.8810 would maintain the bullish momentum above 0.8830 and then 0.8869-79... Then note resistance at 0.8900-25.

Only below 0.8700 would break the bullish structure and imply losses down through 0.8690 & 0.8654 towards the 0.8632 low again.

Please view the complete analysis in ...

Attached Files

• The Brief Daily Forecaster.pdf (27.8 KB, 93 次查看)

Forex Trades 07/20 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.5265
[b]Stop[/b]: 1.529
[b]Resistances[/b]: 1.5475 - 1.5325 - 1.527
[b]Supports[/b]: 1.496 - 1.5085 - 1.521

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurjpy"]EUR/JPY - Euro / Yen[/url][/b]
[b]Entry[/b]: 112.9
[b]Stop[/b]: 113.4
[b]Resistances[/b]: 14.15 - 113.3 - 113.1
[b]Supports[/b]: 110.9 - 111.5 - 112.15

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] ...