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2-30-08 5:26a GMT – Per my signal yesterday I sold a sustained break of 1.3100 after the pair never returned back up to 1.3300 resistance. Bearish trend remains intact as resistance at 1.3385 remains untouched and the pair suffered good losses yesterday. RSI shows yesterday’s bearish movement is indeed real. Trading Idea: For traders [...] 1-29-09 3:44a GMT – The EUR/USD failed for a second time to hold a sustained break 1.3300 resistance and has now formed a bearish double-top formation on the 4-hour charts, reinforcing my sell analysis. The pair also failed to challenge the more major resistance at 1.3385 and has long wicks on the upside – [...] 1-27-09 4:26a GMT – First off thanks for all the comments and questions I get on a daily basis. I don’t always get to all of them but If you do have a question or comment the best way to get in touch with me is at our forex forums here. On to the [...] 1-26-09 3:56a GMT – Welcome back! I hope everyone had a good weekend. Back to Forex! Overall I am still seeing bearish signals on the charts but a few things are making me nervous. First, the dailies are almost oversold (currently around 38 on the RSI) and in need of some greater correction. Second, [...] 1-22-09 6:26a GMT – We are still short from yesterday’s signal, about 50 pips in the profit. Stops are extremely tight (at break even) as I look for further weakness to continue. For traders looking to enter a trade the charts are bearish with lower lows and lower highs over the past month now [...] |
  
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