2010 June | FOREX-NATION

FOREX DAWN| High Probability Trades Only Please

Just wanted to look at this Sterling Yen chart which really is an amazing pair, and although I am not in any way attached to currencies as in a favourite little friend, this one comes out pretty rock ‘n’ roll in my top movers list. These shocking pink head and shoulders patterns,

FOREX DAWN| EUR/JPY Possible Shorting Zone

EUR/JPY price entering into a heavy resistance zone at the moment that could just cap this corrective trend and keep consolidating the price or alternatively pick up some sellers and accelerate with the overriding trend down as we have seen four times previously. I will be looking to trade the high

EUR/USD Chart for June 17

Here’s an update to my 1 hour chart from yesterday. So far I’ve been correct with regards to the current bullish momentum the EUR/USD, and I would continue to look for opportunities to buy on the dips in price action. But I should also caution you all to watch price action closely once it reaches

Quick Look at My Chart

I thought I would put up a graphic of my 1 hour chart which I use for determining mid-term support resistance and also for drawing most of my trendlines and weekly and daily pivot levels. I’ve included some text to describe what you are seeing. Notice that the alligator is contracting and could perhaps cross

FOREX DAWN| Where Is the Crowd Going?

Just having a look again into which general direction the Dollar and the Euro are potentially headed for in the near future. The markets have been showing signs of taking on more risk recently and there maybe an important swing low being established after an extended period of consolidation in the

Bullish Sentiment Returns to the EUR/USD

After achieving a 4-year low of 1.1875 last Monday, the EUR/USD closed last week at levels above 1.2100 area, shifting the pair’s near-term risk to the topside. Many experts are calling for a corrective rebound to 1.2330 and 1.2445 before we see a resumption of the main downtrend from there. I believe we could see

Forex Education| fxKinght.com Review

I was invited to join their Pro group for a few weeks and see what their Pro services were all about. This was not only a big surprise but also a huge honor. In addition to his role as Chief Market Strategist for fxKnight.com and a series of private funds, Andrei Knight is also a

FOREX DAWN| EUR/USD Strategy Example

I don’t talk much about this pair as there is so much info out there but I do trade it quite a lot. Following on from RMS Traders comments yesterday about when to hit the button, I wanted to show a near perfect example of what I am looking for in a

FOREX DAWN| EUR/GBP Trade with Update

Yesterday it was rather difficult to find the right set-up, EUR/JPY & GBP/JPY were movers but I couldn’t find a satisfactory way in without increasing risk or decreasing lot size, I ended up back at the EUR/GBP. The series of charts show firstly the identification of a consolidation period and the

EUR/USD Wrap Up and Pre-NFP Analysis

Two reports from a very high profile U.S. consulting firm helped put pressure on the euro during today’s sessions. One report said the SNB cannot sustain intervention in EUR/CHF as it has been doing. The second report said conditions are sufficiently dire in the euro money markets that the ECB may renew its 1-year long-term

FOREX-NATION