August Update Trading Ideas

Euro Chart 2010

Euro has met with Resistance at its Monthly R1 .... Which seems like a good spot for it ... unless there is a major news in favor of the euro we might not see a major move for the rest of the month. Great support at 1.30 ~ 1.27 levels. IMO Monthly R1 and the Pivot will be the Range.

Great British Pound - Cable bounced off its weekly S1 .... So a possible Run to the weekly R1 will give a great oppurtunity to knock down the GBP/USD Pair ...

GBP Chart ugust 2010

The Japanese Yen against the US Dollar is in its Downward Trend ... it did bounce of it 52 week low ... But no real signals of a reversal on this pair. The Ranging for the pair should be its Monthly S1 and Monthly Pivot.

We can only belive that the trend is changing when there is a break of the trendline.

USD/JPY Chart 2010

Trade of the month... Usd/Jpy at its Resistance

Trade of the month,
Great Place to go Short on usd/jpy as this 94 level is great resistance.

The last month Gold trade was a huge Success.

For Tomorrow we will see a slip in the SPX500...

Cable is still Bouncing around till it doesn't brake the 1.57 level we will keep seeing the ball bouncing between the 1.58 and 1.69 levels.

more later

Forex Trading Ideas for the month of December

Find more photos like this on traddr!

Dow update

Dow 

  The Dow Jones looks like it has a great support at the 8300 level. Any reversal from that area could look at 9900 easy.

happy trading

Some major developments

Hi friends , 

 I am back with the new major spot news.

  The USD/JPY looks like its going to meet major resistance at the 98 level.

We have to see what happens there to decide if its going to 103 or its going to 96.

There is major break on the Swissy also. A touch of the trendline break will help this thing to go for the lows of 1.115 .

Nice channel on GBP. We have to see how the pound reacts at the higher end of the channel. I did say on my facebook profile that I was buying the pound n what a great decision it was.

 The reason I did this was the 2 bottoming candles on the daily plus the Euro showing so much strength.

Sorry.....

Hello Friends,

Haven't posted anything because haven't seen a good setup. As soon as something comes into my focus I will post it. Good Luck and Happy Trading.

Weekly Update

  Hi Friends ,

            This weeks best chart is the Euro Yen Chart , Which is a big time short in my humble opinion. Although its showing strength but when it breaks down its at least 400 pips we are Talking about. ( We might just wait for 131.90 to sell. No guaranties it will go there.)

The other one we are looking for is the Pound which also looks like a short.

On this one also we will wait for 1.4550 to short it.

Thats for now but we will be back on the 1st to give a Trading Plan for the next month.

Happy Trading