Winners Edge Trading Daily insights

Today we will be looking at two trading strategies one is the Eur/Usd that I would like to discuss and the other is by one of my active readers, Patrick who has contributed to the blog quite alot so thanks Patrick for helping so much.


First we will discuss Patrick trade strategy that he kindly shared with us:

Hey fellow traders. I think the hardest part of trading is actually pulling the trigger whether to ge in or out of a trade. I start with a very simple setup, bollinger bands, pivot points and Fibonacci. Identify your support and resistance, trading range if there is one, and the trend. I enter/exit ...

Hello,

Traders how are you all doing? I hope grabbing some pips as I have this week. I am doing quite well except I had to rewrite this blog post because I accidently hit the cancle button. I was working on it for an hour and it was quite good. I wanted to cry.

Anyhow get up, dust myself off and start moving again, if that is the worst thing that happens to me tonight I am a blessed man.

Traders this blog is for you and I want to hear what you have to say. Send me your best trade idea and setup and I am going to publish my favorite one right here on the trade of the day section. Any pair you ...

After making a strong breakout of the trading range yesterday the Eur/Usd now has a target of 1.4700 which is the new resistance level. The support level is 1.4450 and 1.400

Daily Chart

If the target resistance level of .4700 is taken out the target price would be 1.4856 which was hit on September 21, 2008 Which you can see I circled that on the daily chart.

Trade Setup:

Watch for a bullish move of of yesterday's momentum. Keep your eye for a bounce of of the 1.4450 or 1.4400 support levels.

It might be possible to enter long after a bounce off of the support levels or off a bounce off the lower trendline. If the pair makes a strong upward move past yesterdays high ...

This week the Eur/Usd stayed in a tight trading range without breaking out. The range for the week was a high of 1.4380 and a low of 1.4178 So those are the key support and resistance levels that we all need to be watching this week.

This week is a holiday for the U.S. so trading will be light on Monday and you might want to stay on the sidelines because of light volume. I will be taking that day off as well I am going on a picnic with my family.

4HR Chart

I circled the support and resistance points where I drew my lines so you could see how I drew my lines.

I thought with all ...