Daily market signals/analysis for gbp/usd,gbp/jpy and eur/usd

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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
 

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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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tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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
 

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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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tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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
 

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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
 

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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
 

Attachments

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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.
 

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
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
 

Attachments

tradersmindset

Master Trader
Aug 26, 2010
16
0
57
GU:
I will consider selling Gu at the break of the support 1.5329 till 1.5265
while to the upside i will consider buying Gu 1.5430.

Summary
Sell GU @ 1.5290
TP1: 1.5230
TP2; 1.5150
sl: 1.5350
BUy GU @ 1.5440
TP:1.5470
SL: 1.5390

GJ:
I will consider going short on Gj at the break of 128.73.
SUmmary
Sell GJ @128.60
TP: 128.10
sl: 129.20