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  http://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

Ways to follow Serene Education

Hi Everyone,

I’m getting a lot of people requesting ways to be able to follow Serene Education without having to fumble around with loads of web addresses etc. Well I’ve put together a site whereby you can choose your preferred method of following us. If you would prefer to receive and EMAIL relating to any updates on our blog, updates on any special offers or dates relating to our next ‘Live with Trader’ events, you can do that. If you would prefer to have an ICON FOR BOOK MARK TAB that you can add to your preferred WEB BROWSER.

All you need to do is click on it and will you all the updates from our blog site and more…. This is the link Click on the following icon

'It is in your moments of decision that your destiny is shaped.' Anthony Robbins

Click on the Serene Education Icon Click on the Serene Education Icon I would like to take the opportunity to applaud those how registered with us and took us up on our FREE 5 Day Mini course on trading offer. I trust it helped each and everyone of you learn something new and beneficial that you can apply in your day to day market trading.

Don’t forget you can also keep in touch with our TEAM OF TRADERS on Twitter at all times.

citytrader618 , Edutrader_01 , serene_4xchick , SereneEducation , TradingBabe

Until next time, Trade Serenely

Forex Market Update for EURUSD,GBPUSD,AUDUSD,USDCHF – On Daily Chart Time Frame

Morning All,

Just a heads up on the where we stand on a number of  currency pairs this morning. I’ve got a chart below showing us 4 Forex Currency pairs. They are the EURUSD,GBPUSD,AUDUSD,USDCHF.

Lets start off with the TOP LEFT hand-side, the EURUSD.

The Major Trend is Bullish. The Minor Trend is Bearish. We have seen the Price fade after it posted news Highs for the 1st time since late December 2008 (14535 area). Since then we have seen another attempt at this previous high fade. In doing so it had formed in some cases a Head and shoulder reversal up until mid week last. It seems to be forming more of a squeeze pattern.

Now the Pair has found support for a number of days around a Monthly Pivot point at 13850. IF this Pair can find support over the coming days around this point we could see EUR try and test the previous HIGH posted earlier this month. If EUR fails to find support at this Major Trend/Pivot point, we would need to see a confirmation bearish candlestick bar CLOSE below this trend line first. Very Important !!! Market must tip it’s hand>You want the market to give you a valid sign that we could see momentum favouring the BEARS. If you look at the RSI – notice how it has traded BELOW 50% line. Saying that we have seen RSI strengthen slightly in the past couple of days. Could this be a sign that the BULLS are coming back into play and we could see another push for the previous HIGH made earlier this month. Let’s wait and see if this Pair can find STRONG SUPPORT at present area – Need to see a Bullish  candlestick pattern to confirm that momentum change.

Top Right-hand-side – GBPUSD

Here again we see GBP Major Trend – BULLISH, Minor Trend – BEARISH. Here again we have seen GBP retrace somewhat over he past couple of weeks after posting Highs not seen since late October 2008. The Pair has formed a beautiful CUP formation. The last couple of days we have seen price fail to break above 1666 which happens to be Resistance 1 on  Monthly Pivot. Notice how The RSI has posted lower highs as price has been moving sideways recently – Loss of Momentum ??? With this sideways momentum – it has formed another squeeze pattern. The Pair is trading close to the Major Trend -line. If we are to see GBP test those highs posted earlier this month we would need confirmation in Price – either an strong candlestick engulfing pattern or a Hammer – or Bullish harami pattern. Some sign to let us know – HEADS UP – we have a direction confirmation. Looking at our Indicator – RSI has just broken through the 50% line. Negative sign. IF we see a CLOSE BELOW this MAJOR trend-line , then this will indicate to us the BULLS have left the party and the BEAR have arrived to take over. GOT TO HAVE A CONFIRMATION SIGNAL FIRST BEFORE WE TAKE A POSITION.

Powered by Metastock

Bottom Left handside – USDCHF

We have seen USD loss ground to the CHF over the last couple of months BUT we have seen USD  test a strong support line (going back to late part of December 2008) recently and since then pullback to around a resistance area now which is a Monthly Pivot (10920). For the past week USD has battled to break about this area and like the previous two currency pairs form a squeeze. Now RSI  has been trading above the 50% for a number of days -BUT there is not alot of conviction in the signal provided that we have momentum to the upside. USD to be BULLISH would need to CLOSE ABOVE that strong resistance line of 10920 first before we can genuinely see more movement to the upside.

Bottom Right handside – AUDUSD

This brings me to the last chart I’ll be discussing this morning AUDUSD pair. Now with this pair we have seen AUD gain some fair ground over the USD since mid March of this year. Price broke above 50MA and kept going. Right up until now where it has reached a high which is long term support/resistance  posted back in September 2008. Like the other Pairs I spoke about this too we have seen a ‘breather’ take place – we have seen all 4 pairs make up some decent ground in the past months against the DOLLAR. Extend Major Trend, have seen AUD stalled around the 828o area. Another squeeze setup has presented itself. Have we seen the Investors taking a breather and taking profits after this long Bull run !?!?! Could we see the AUD continue in the same direction it started earlier this year. In this case AUD would have to find support at 7767 ( Pivot point). A break above the previous High at 8828 would be preferable – BUT we can still make some decent money ‘intra day’ between now and then – as long as we have valid confirmation that it is going in your favour. RSI is approaching 30% line – over sold indication ?? HEADS UP !!!

I hope this has been of help to some of you. Keep your trading style simple. Build a picture as you study your charts !! This way you are likely to make less mistakes long term !!! Simplicity is Key in trading – Trade what the Charts is telling you……..

Until next time – Trade Serenely

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.