Tagged "slow stoch"

Forex Signals – ...

7-31-09

5:02a GMT – Here we are, end of the week, end of the month! Time goes too quickly.. Yesterday’s signal for a 1.4115 short was never entered as no candlestick confirmation signal every occured. Looks like we might get one any bar here though, as the price action appears to be stalling out near 1.4125. Otherwise I am looking to reset short near 1.4150 now as the RSI would be oversold on 1hour, slow stock would be flipped and dipping below overbought, and on the 4-hour the RSI would be at resistance and the slow SS would be ready to flip in overbought territory.

Trading Idea: looking to reset short near resistance at 1.4150, with targets at 1.4105, 1.4070, 1.4005 and eventually 1.3955.

(click to enlarge)
eu73109selling

Click here to receive my free forex signals via email
Click here for more info on how to use my free forex signals
Click here to learn how much you can earn with our Forex Income Calculator
Discuss this signal with me and fellow traders at the new Forex Discussion Groups

No Comments
daily forex signals, Technical Analysis

LEGAL DISCLAIMER AND RISK WARNING

Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. 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. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.

All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.