EURUSD – DAILY CHART SETUP

Morning All,

Please refer to the chart posted below for an update on EURUSD setup.

Notice how the Pair has formed a squeeze pattern on a DAily chart time frame. We are expecting a ‘breakout’ wither way. My signals are still pointing to a ‘bullish’ move – BUT we have to see the Breakout and close have to happen to the upside for this to be set in concrete. Either way – The next candlestick move would have to ‘close’ above or below the squeeze. Then we would work out our entry and stop loss, and trade accordingly.

Chart Setup on EURUSD 22nd June 2009 / Powered by Metastock

It would be best to have at a 4hr time-frame or hourly to look for any ‘indication’ that we are seeing a ‘bullish or bearish’ indicator to help us get a idea what the direction could be.

Forex News for Friday 12th June 2009

Evening All,

I’d like to post an update on the expected Forex News for Friday 2009.

Forex News for Friday 12th June 2009

Quite day really. One or two to take notice of but being the end of the week, things are quite

Take care

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

Forex news expected for Friday 5th June 2009

Please find below the Forex News expected out for Friday 5th June 2009. Big ones to watch out for are : GBP – PPI input M/M figures & USD Non-farm employment Change & Unemployment figures

Forex News for Friday 5th June 2009

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

Aussie just went down, down, down…..

Hi Everyone,

For thise of you who follow me on twiiter – Icalled out some great trades today. I’ll be blogging two of them – because they are classics. I traded these in the morning as there was Non-farm payroll out in the US at 13.15 (GMT time), I wanted to make sure I was out of the trades before the data release.

I noticed that the AUDUSD kept testing the R1 level – but just didn’t seem to push through and on the third attempt it made an inverted hammer. Took my trade with an entry at 0.82434, placing my stop 21 pips away (just above the momentum high and the R1 level).

My target was the Pivot Point – that was 87.4 pips away.

Cheers,

TB

US Shares to have in your watchlist – Update

Hi Guys,

I just wanted to let you know that some of those shares i posted on the 25/05/2009  have posted some great gains in a couple of days. If you don’t have the list I blogged last week, find it below. Put these in a watch list and do your analysis. There are some decent trades in these.

Quality Companies to add to your watchlist

Until tomorrow, keep well