Forex Trading Ideas for the month of December

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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 

            

Forex market Up date for the week ......

This week looks like a consolidation week after a huge move last week............

Are We Done with the Free Fall of the Dowjones?

First ever reversal signal on the Dow. Hopefully we are done with the free fall of the Dow.

gg

This is the Cad chart for the week its a great setup for a short. This has the potential to go to 1.14 but we do have some supports where the market can bounce back.

Trade live with Strato JR.

I have been trading the Forex market since 5 yrs. I have a very good eye for the Technical Analysis which I learnt from my Guru Strato. He Passed away mid year of 2008 , So I guess it was left to me to carry on his great work of helping friends and beginners in this uncertain times. So I worked hard day n night, saw over n over again his videos n then from there emerged the great trading strategy that I use today to make my living.
So now you will ask why am I saying all this, what's the catch if you are making a living its the best you can do for yourself...... True thats what everyone wants in life. But there are some who are not content with only making big money..... doesn't give you or me the satisfaction of social distribution.
If I can teach only 1 person in the millions who trade this market to make a living for themselves..... I will be a happy person.