TradeProfits

Profit Mongers – Friday Trading Signal 12-03-2010

Posted on 03. Dec, 2010 by Sir Pipsalot.

Hey folks,

My market outlook for EUR/USD from yesterday is unchanged, so for trend insight, see my previous signal. This update is just for Friday’s upcoming news.  Read more... (1318 words, estimated 5:16 mins reading time)

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Profit Mongers – Thursday Trading Signal 12-02-2010

Posted on 02. Dec, 2010 by Sir Pipsalot.

I’ve continued to track this move on the EUR/USD and believe it may be setting up for a good “sell on rally” type opportunity here in this retracement phase. For those who missed the short trade I entered around 1.3750 last Sunday/Monday, it looks like the next key area to sell EUR/USD is the 1.3280 to 1.3380 range, but possibly as high as 1.3470. This bounce is very likely to be a retracement, not a reversal, so a rally retracing somewhere between 38 to 50% of the sell off from Nov 22nd is the likely target; however, sometimes the EUR/USD finds a way to manage 61.8%.  Read more... (365 words, estimated 1:28 mins reading time)

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Profit Mongers – Monday Trading Signal 11-22-2010

Posted on 22. Nov, 2010 by Sir Pipsalot.

Hey folks,

There’s no forex news due out Monday, so I’ll preview this week’s news events in one signal later Monday evening. My plan with my signals moving forward is to preview all the major news events in one signal early in the week, then post additional updates as necessary throughout the week to cover any insights I may have to the trends and price action on the forex pairs or markets I’m focused on.  Read more... (370 words, estimated 1:29 mins reading time)

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Profit Mongers – Monday Trading Signal 11-15-2010

Posted on 15. Nov, 2010 by Sir Pipsalot.

Hey folks,  Read more... (439 words, estimated 1:45 mins reading time)

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Profit Mongers – Friday Trading Signal 11-05-2010

Posted on 05. Nov, 2010 by Sir Pipsalot.

Hey folks,

As far as the medium term is concerned on EUR/USD I see potential in both directions for various reasons, but it looks as though my early forecast of the EUR/USD rally sputtering out and turning south has potential. I’m going to refrain from commenting more on the current USD for today though and just focus on the two big upcoming news reports:  Read more... (701 words, estimated 2:48 mins reading time)

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Profit Mongers – Wednesday Trading Signal 11-03-2010

Posted on 03. Nov, 2010 by Sir Pipsalot.

Hey folks,  Read more... (1039 words, estimated 4:09 mins reading time)

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Profit Mongers – Tuesday Trading Signal 10-19-2010

Posted on 19. Oct, 2010 by Sir Pipsalot.

Hey folks,  Read more... (396 words, estimated 1:35 mins reading time)

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Profit Mongers – Monday Trading Signal 10-18-2010

Posted on 18. Oct, 2010 by Sir Pipsalot.

Hey folks,  Read more... (511 words, estimated 2:03 mins reading time)

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Profit Mongers – Thursday Trading Signal 10-14-2010

Posted on 14. Oct, 2010 by Sir Pipsalot.

Hey folks,

Until this evening’s Asian session, this week had been characterized by rangebound trading largely due to central bank commentary. Specifically, the Fed’s Lacker (a noted hawk) gave some commentary on the potentail QE2 and gave further credibility to the idea that it’s well in the works. Couple that with some USD weakening commentary out of Singapore’s central bank, and we got the fuel for the big USD weakening breakout that’s underway… here’s my take on it:  Read more... (511 words, estimated 2:03 mins reading time)

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Profit Mongers – Monday Trading Signal 10-12-2010

Posted on 12. Oct, 2010 by Sir Pipsalot.

Hey folks,

Not a lot of price action Monday as there was a market holiday in the US. The action should start heating up today though. If EUR/GBP trades lower through 0.8690-0.8710, and/or EUR/USD works lower through 1.3800-1.3833, that should set us up for a multi-day if not multi-week decline on EUR/USD.  Read more... (336 words, estimated 1:21 mins reading time)

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