Tagged "trades"

December 2, 2009
Forex Signals – ...

12-2-09

5:45a GMT – No trade was entered from yesterday as I held off for the news (which had very little immediate impact). Which is fine with me – as many of you know I prefer less trades with a higher win percentage rather than trying to make lots of trades. Many of you yesterday did ignore the news however and entered long at the 05:00a bullish hammer which pierced our support at 1.4980 – a move which would have yielded 100+ pips within just a few hours.

Daily Outlook: 4-hour chart below, zoomed out so we can see the bullish uptrend of the last few months that we find ourselves in. With many speculative traders attempting to short the pair as it approaches its 2009 high I will continue my strategy of looking to buy on dips. I’d prefer the  1.5015 or 1.4980 supports to buy on but the uptrend is strong right now so I will also keep my eyes open for bullish candles around 1.5050 support. There is USD news event (non-farm payroll) at 13:15 GMT so I will stay out of markets around these times. For more details on it visit the forex calendar here.

Trading Idea: From 1.5015 support targets are 1.5045, 1.5080, 1.5110 and 1.5140. Will also look for a solid entry reason around 1.5050 (such as a reversal candlestick from the candlestick alert service here) as well as uptrend is fairly strong right now, but would still prefer a solid dip to buy into.

(click to enlarge)
eu12209buying

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121 Comments
candles, candlestick, day trading, dips, EUR/USD, Free Forex Signals, hammer, income calculator, news event, payroll, pips, targets, technical analysis, trades, trading ideas, uptrend
daily forex signals, Technical Analysis
November 26, 2009
No Signal Today –...

No signals for the EUR/USD pair today as US Banks are closed for Thanksgiving holiday. From wikipedia:

“Thanksgiving Day is a harvest festival celebrated primarily in Canada and the United States. Traditionally, it is a time to give thanks for the harvest and express gratitude in general.”

No need to be from the US to celebrate this holiday – take a little time out to say “thanks” to the people who are important in your life and for all that you have!

Of course PipHut’s Forex Candlestick Signal Service is still running so feel free to check in there for candlestick alerts. Also you can catch up on some of the Learn Forex articles, post in the forums or feel free to discuss your day’s trades in the comments below as usual!

Best,

Mark

75 Comments
banks, candlestick, eur usd, forex articles, signal service, signals, thanksgiving, trades
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