All good things come to those who wait…..

Morning Folks,

I wanted to show everyone that is following us on our blogs, twitter etc that trading can be profitable for those of us who have dedicated time and effort into getting this right. Trading the Forex Market takes discipline, dedication,money management and a whole lot of patience. Get all of these right and you are definitely going to be on the winning side most days of the week.

I don’t post my statements in fact I don’t think i have since Serene Education went ‘live’. Here is a snippet of what I have been able to achieve using tried and tested Forex Strategies taught by Serene Education.

Tradng Statement

I am  not posting this to brag as those who know me know that I am very reserved in my trading but I also believing in “Seeing is believing”  Many traders talk about how many pips that they have made on a minute, a day, week or month, but can they actually back  up their results??  I know a lot of our Students have made substantial ground in their trading since attending our courses and using our strategies and want you to know that the opportunity is there for you to take, you just have to make that decision to take it.

Join us on one of our courses and start making the second income, or completely replacing that income.  Email  www.customerservices@sereneeducation.co.uk for further information.  We are here to help!

PS – Don’t foreget to follow us on Twitter folks. We post up to the minute trade setups and Forex Market related News. Join us !!!

serene_4xchick, SereneEducation, Edutrader_01, citytrader618, TradingBabe

EURUSD in a TIGHT SPOT (15min Chart) !!!

Mornning All,

Looking for any setups and I’ve noticed that EUR in particlaur is in a rather tight spot. After a brilliant up movement yesterday on this Pair (that I know one of our students Izak took full advantage of) it has re traced somewhat over night. In doing so, the Pair has moved below the 50 ma and at present is sitting on strong support (intra day Pivot). As you can see from the chart attached below.

EUR trade setup - 15min Chart

My strategy has given me a signal to SELL.My RSI has broken the 50% line BUT it looks like it will turn. This will occur because the Pair has tested the strong support line. So could see a re-test of 50ma before we probably  see further movement to the downside. Those of you who are quick off the block could have put in order to go SHORT at the close of the previous candle (our signal candle) with your stop above the previous swing low (around 14095). 1st target would be around 14026 (200ma) which happens to be another intra day pivot line. 2nd target around 1400 line and 3rd 1396 area…

Those of you who would want to see a definite confirmation signal to indeed SELL would wait for the Pair to CLOSE BELOW the support area at 14064 before entering your trade.

I would do the latter and WAIT for a definite confirmation that this is a SELL. Too much congestion between 50ma and strong support at the moment. I would rather wait to be given a CLEARER signal that this is moving in the direction I think it will be going. Too many people get caught out in situation like this. My strategy has given me a signal BUT there is too many obstacles(mentioned above) at the moment to make it a genuine signal. This is where a CHECKLIST must/should be used. I’ve seen it countless times where one see signal and jumps in without checking to see if it’s a genuine one….. Let’s see what happens with this one!!!

Please ensure that you do your analysis prior to entering any trades. It’s vital that you do this analysis before hand.There is no need to rush your trades. Patience is key in trading !!! Learn to be patient and you will certainly become a better trader.

Have a brilliant day.

RSI – Overbought setup on 5 Day Chart – GBPUSD

Hi Folks,

Just wanted to bring to your attention how one could use the RSI to get a better indication of when we are LIKELY/PROBABILITY of seeing a change in market sentiment prior to the PRICE movement taking place.

This can be very beneficial when trying to decipher when it is a good time to either get into a position or when to get out of one. Have a look at the chart posted below on GBPUSD on a 5 Day Chart. Now you could use this on any time frame. Don’t have to only use it on Longer time frames BUT I find it a lot better to use it this way to give me an outlook of what is likely to occur over the next couple of days/weeks….

Notice how before we saw GBPUSD rally in the early part of this year ( number 1 on chart )  how the RSI was giving is a sign that it was going from an OVERSOLD situation to a favorable BUY signal while the PAIR was still in a down turn (Divergence signal).We could then say that we could have put in an order to GO LONG when price closed above the squeeze pattern(no 2) formation around March of this year (Marked in yellow on chart).

The same scenario is occurring now. Notice how we have gone into an OVER BOUGHT situation ( no 3 on chart ). Price has closed above the 200 ema line. We have seen the price fail to go higher than 1.70 in the past couple of weeks. RSI in the meantime in this consolidation has dropped below the 70% line – Convergence signal !!With the PAIR breaking through the 200 ema for the 1st time since Jan 2008…. we could very well see a re tracement taking place to around the 1.60 mark.So, could we see this PAIR trade lower over the course of the next couple of days to a figure of around 1.60 with a potential for more upside after this ???!!

RSI - How to use it to find Convergence & Divergence

Hope this has helped you out in any way. Please ensure that you do your ‘homework’ before placing any trades. It is vital that you have a check list handy and that you follow it !!!

Also be aware that Serene Education has a FREE 5 DAY MINI TRADING COURSE for those of you who would like an introduction into trading….

Until next time !!! Trade Serenely

GBPUSD- INTRADAY Setup

Hi,

Update on trade I’m currently in this morning. I gave you a heads up on an earlier blog of what GBPUSD was looking like on DAILY CHART. We had a sell signal setup. INTRA-DAY setup we had another signal that we could SELL.

Look at the Chart below. The Chart is GBPUSD on a 15min time frame… Price this morning had Failed to break above the 50ema line since market open last night.  We know that on a Daily Chart we had a SELL signal on the close of the market on Friday night.  All we were looking for this morning was a SELL signal on a smaller time frame. In this instance – 15min time-frame. The signal came when Price failed to close above the 50 ema. I had a MACD cross and RSI crossed below the 50% line. All confirming NEGATIVE outlook.

Entry was at 1628 area and 1st target was Intra-Day Pivot level at 1621, 2nd target at 1615, 3rd at 1610 level.

GBPUSD trade 5th July INTRADAY TRADE SETUP

I’ve reached my target on 2 levels. Price might indeed retrace. All in All a great start to our Monday !!! Enjoy the rest of yours

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PS – For all of you out there that are novices to trading. Take a look at our website and get register for our FREE 5 DAY COURSE today !!! Don’t hesitate… It does not cost you anything and the material will give you a great introduction into trading – Guaranteed !!!

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Possible Head & Shoulders Pattern Formation on EURUSD – Daily

Morning All,

Just wanted to bring your attention the possibility of a Head and Shoulders Formation forming on a Daily time frame on EURUSD pair. The Euro has battled to go higher than 1.45 against the dollar in recent weeks.Price on Eur is trading below the DAILY PIVOT @ 1.385. If Price cannot close higher than this today, it will confirm that the Head and Shoulders and we should see price move lower over the coming days.

If Price however closes above 1.3940 area should cancel out the formation and we should see Price re testing previous highs around 1.45

Head & Shoulder Formation on Daily Chart 16th June 2009 - Powered by Metastock Charting Software

Please ensure that you do your ‘homework’  prior to placing any trades today. There is a lot of news out and volatility will be a major factor to watch out for. It’s far better to ‘bide your time’ and let the market play it’s hand before making a decision. Too many people get caught up in the moment and that if when mistakes come into play. You do not want to trade on emotion. Trade what is shows you on the Chart…

All those of you out there who are thinking of learning more about how to trade Forex , or who would like to ‘brush up’ on the Forex skills, have a look at our ‘Live with Trader’ deals we have on our website. Click here for more details

Have a great day

Chris

US might lose the ground works today against the Swiss 30min chart

US might lose the ground works today against the Swiss 30min chart

Well trader’s,

Have a look at this.

US pairs have taken a beating this week, but she has tried to gain back ground.

If you look at this chart of  USD/CHF you will see that she might lose that ground back.

Even if you go to a 1hr chart there seems to be the same patter forming.

I would call this a big wedge against the trend, now if this plays out then we could be in for a really nice ride.

Remember the longer the formation the bigger the move.

Once again please do your own research before placing a trade.

Follow us on twitter to get updates.

4xchick , Edutrader and SereneEducation

If you would to Live with a Trader to for 2days so that you can Learn, See and Feel how we do this then CLICK HERE

Happy trading.

Cable Set-up

 

GBPUSD 5 min chart

Morning Everyone,

Just taken a short on cable, price broke below the Daily Pivot with momentum, MACD below the line.

Please note, this is a big news day PPI coming out at 9.30am GMT.

Also, please do your own analysis.

Regards,

TB

EURUSD Set-up continued

Hi Everyone,

The EURUSD trade I posted is running out of steam / momentum – if you are in this trade – I’d close out at Break Even.

Cheers,

TB

EUR/CAD doing a pull back or a break out 1hr chart

 

EUR doing a pull back or a break out? 1hr chart

 Well Good Morning traders.

Hope you were watching GBP/USD as I did say looking for it to break the Resistance then go long.

Here is another pair that has caught my eye.

Its at a Support level and looks to be holding, but is it strong enough?

There is news out on the EUR at 10am so keep your eye on it.

It could go anyway.

Let the market deal its hands to you and see how it goes.

If it breaks either way look for a pull back so that it test’s the area to see if it likes it or not.

Getting into the trade to early is what most traders do, as they are scared that they are going to miss out on the move!!!

You can follow me on Twitter

If you would like to stay with me for 2days and learn how I trade the FX market then go to this link to find out more Live With A Trader

Or check out our website Serene Education

Happy trading.

Cable – bounced off R1 and down it went

Hi Everyone,

The other great trade was Cable, saw it bounce off the R1 level, and price made a lower high - waited for the price to take out the momentum low, went in at 1.696619 and placed my stop 35.8 pips away (above the momentum high and the R1 level).

Target was the Pivot Point at 1.6491 – 135 pips away.

Good luck trading.

TB