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Hello All,
Am going to be posting daily market signals and analysis here for those that are trading forex. My signals will center around the 3 major currencies that i am going to focus on. They include GBPJPY, GBPUSD,EURUSD. I will be using trendlines,fib levels and MACD to analyse the market. I will be posting at the end of each market close for the day. I hope we will all have good times together doing this. Cheers
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GU:
I will consider buying GU if price violate the resistance at 1.5546 till it gets to 1.5676. Summary: Buy GU @ 1.5556 TP1:1.5590 TP2;1.5620 TP3:1.5667 SL: 1.5478 EU: I will consider going long on EU at the break of the resistance 1.2763 and buy till it gets to 1.2900 while to the downside, i will consider selling EU if price violates 1.2669 till it gets to 1.2610. SUMMARY: BUY EU @ 1.2773 TP1:1.2810 TP2:1.2870 SL: 1.2710 SELL EU @ 1.2669 TP1: 1.2610 SL: 1.2720 GJ GJ has already break out as at the time of this compilation.
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hello all,
Today's trade was cool, though ended with a loss but i look forward to tomm. Truth is if you follow ur trades closely today with the signals i gave earlier on, you can still come out in profit. GU buy: It got triggered and did 20pips b4 it started coming down to hit the stop loss at -78pips EU BUy:Not triggered EU SELL: its still on though at 10pips. I have decided to close out soon before i go to bed. Tommorrow is another day. Total for today: -68pips cheers
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Gu:
I will consider selling Gu if price violate the support at 1.5444 while i will consider buying GU if price violate the resistance at 1.5519. Summary: Sell Gu @ 1.5430 TP: 1.5393 SL: 1.5480 BUy Gu @ 1.5523 TP: 1.5555 SL:1.5480 EU: I will consider selling EU if price violate 1.2649 while to the upside. Summary: Sell EU @ 1.2642 TP1: 1.2618 tp2: 1.2580 SL: 1.2690 GJ: I will consider selling Gj if price violates 130.56 and sell till it gets to 128.85. Summary: Sell Gj: 130.23 tp1: 129.79 tp2: 129.18 sl:131.52
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I hope u guys took position on my signal today because my account was green.
GU drop 37pips EU hits stop loss @ -48pips GJ: hits the 2nd TP @ 105pips Total: 94pips
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EU:
I will consider selling EU if i see price breaks the support at 1.2661 till it gets to 1.2540 with minor supports at 1.2598. On the other hand i will consider buying EU if price violate the resistance at 1.2739. Summary: Sell EU @ 1.2652 TP1: 1.2625 TP2: 1.2613 TP3: 1.2545 SL: 1.2700 BUy EU @ 1.2748 TP: 1.2774 TP2: 1.2816 SL: 1.2710 GU: i will consider selling GU at the break of the support at 1.5327 while i will buy i fprice 1.5416. Summary: sell Gu @ 1.5282 TP1:1.5210 tp2: 1.5145 SL: 1.5330 GJ: i will consider selling GJ if price violates 128.67 till it gets to 126.86 Summary: Sell GJ @ 128.50 TP1: 127.85 tp2: 126.92 SL; 129.10 Buy limt: 126.86 TP: 127.30 sl: 126.30
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GU:
I am going to go long on GU at the break of the price 1.5490 and buy till i get to 1.5768 while on the downside if price breaks support at 1.5420 then i will short GU till it gets to 1.5346. Summary BUy GU @ 1.5502 TP1:1.5530 TP2: 1.5564 SL: 1.5450 Sell: 1.5410 TP1: 1.5387 TP2:1.5360 SL: 1.5480 EU: I will go long on EU if price violates resistance at 1.2821 till it gets to 1.2870 while i will go short when price breaks support @1.2756. Summary: BUy: 1.2825 tp: 1.2850 tp2: 1.2870 (ensure you use trailing stops in this region) SL: 1.2760 GJ: I will go long on Gj at the break of the resistance @130.93 while i will consider going short at the break of 130.15. Summary: BUY GJ @131.10 TP1: 131.70 TP2: 132.30
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Hello,
i have decided to stand on the sideline and watch what the market will do because of the NFP. I sometimes love to just watch the market cos it allows me to take time out and also allows me to reflect. I am wishing everyone a lovely weekend.
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GU 06/09/2010
I will go long on GU when it violates the resistance at 1.5466 till it gets to 1.5598 with minor resistance at 1.5491/1.5514/1.5563 while if price violate support at 1.5386 till it gets to 1.5329. Summary: Buy GU @ 1.5471 TP1: 1.5510 TP2: 1.5548 SL: 1.5400 Sell GU: 1.5381 TP1:1.5351 TP2: 1.5330 SL:1.5440 EU: I will consider going long on EU at the break of the resistance 1.2930 till it gets to 1.3048 while i will consider going short on EU at the break of the support at 1.2777. Summary: Buy EU @ 1.2942 TP1: 1.2985 TP2: 1.3043 SL: 1.2880 Sell EU: 1.2757 TP1:1.2710 TP2:1.2696 SL:1.2810 GJ: I will consider going long on GJ at the break of the resistance at 130.59 till it gets to 131.66. Summary: BUy Gj @ 130.65 TP1: 130.93 TP2: 131.40 SL: 129.90
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today's signals were not so accurate but i believe is part of the game. I know we will be profitable at the end of this week.
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