TradeProfits

Trading Forex – Currently Long on EUR/USD

Posted on 28. Jul, 2011 by Jakob.

In yesterday’s post I mentioned the 1.4430 level could be a possible level to look for a long trade, if we got confirmation in terms of candlestick formations or reasons in terms of confluence. The pair traded through that level pretty much without any hesitation and there was no apparent reason to go in long at that level, besides the aforementioned reasons of a key level of support lining up.  Read more... (334 words, 1 image, estimated 1:20 mins reading time)

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Trading Forex – Waiting For a Pullback on EUR/USD

Posted on 27. Jul, 2011 by Jakob.

After a recent break of the 1.4500 level on EUR/USD and a key trendline, a pullback seems like a good possibility which should give us a good chance to get in on a long trade. The pair currently trades around the 1.4520 level and a pullback down around the 1.4430 level could be a possible place to look for a long trade. As always, we don’t enter just because a level is reached, but we look for numerous of reasons for a possible trade, so if the pair does come down to the 1.4430 level, look for candlestick confirmations and zoom in on the short timeframes and keep an eye on price action. Click on the picture below to see a picture of the daily chart on EUR/USD.  Read more... (348 words, 2 images, estimated 1:24 mins reading time)

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Trading Forex – EUR/USD Down to 1.3700

Posted on 13. Jul, 2011 by Jakob.

Trading Forex is all about planning your trade and trading your plan. Here is my view on todays possible market direction. Make a plan and stick to it.  Read more... (551 words, 1 image, estimated 2:12 mins reading time)

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Trading Forex – Cable Below Key Level

Posted on 13. Jul, 2011 by Jakob.

Trading Forex is not about being good at spotting the perfect trade, mastering technical analysis, being a fundamental expert, etc. The important aspect is being able to combine several different elements in to a solid trading approach.  Read more... (361 words, 1 image, estimated 1:27 mins reading time)

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Trading Forex – EUR/USD Before NFP

Posted on 08. Jul, 2011 by Jakob.

Trading Forex is all about planning your trade and trading your plan. Yesterday’s plan did not play out as expected unfortunately. We took a loss and stayed out the rest of the day. Today there should be a good chance to catch a pre-NFP trade. Read the details below.  Read more... (859 words, 2 images, estimated 3:26 mins reading time)

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Trading Forex – EUR/USD Ahead of ECB Announcement

Posted on 07. Jul, 2011 by Jakob.

Trading Forex is all about planning your trade and trading your plan. Yesterday’s plan did not play out as expected which is the reason why we stayed out of the market. Make a plan and stick to it.

Read todays outlook in order to have an idea of the possible moves in the market.  Read more... (745 words, 2 images, estimated 2:59 mins reading time)

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Trading Forex – EUR/USD – A Perfect Play and Upside

Posted on 06. Jul, 2011 by Jakob.

Trading Forex is all about planning your trade and trading your plan. Yesterday’s plan played out perfectly and should be a good reminder of how to put a trading into actionable trading. Read todays outlook in order to have an idea of the possible moves in the market.  Read more... (673 words, 2 images, estimated 2:42 mins reading time)

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Trading Forex – EUR/USD Fighting with 1.4500

Posted on 05. Jul, 2011 by Jakob.

Trading Forex is all about planning your trade and trade your plan. Read todays outlook in order to have an idea of the possible moves in the market.  Read more... (599 words, 2 images, estimated 2:24 mins reading time)

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EUR/USD – Currently Short

Posted on 28. Jun, 2011 by Jakob.

Yesterday we did have a fairly strong move to the upside on EUR/US but we didn’t reach the 1.4400 level, which is what I pointed out as a fairly good level for a possible short swing trade. A couple of minutes ago we did take a short trade on EUR/USD but this was based on an intraday signal following one of my strategies. If we can get some 30 – 40 pips of profit before London open we are likely to move our stop loss to break even and let the trade run, as we should be able to pick up probably around 100 pips. A move down today similar to the move up we had yesterday seems viable. However, as we are getting closer to the highly important Wednesday, I don’t think we will see a breach of the 1.4000 level before we see the result from Greece.  Read more... (227 words, 1 image, estimated 54 secs reading time)

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Trading Forex – AUD/USD Further downside

Posted on 27. Jun, 2011 by Jakob.

Trading Forex is all about planning your trade and trade your plan. Read todays outlook on Cable in order to have an idea of the possible moves in the market.  Read more... (331 words, 1 image, estimated 1:19 mins reading time)

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