Forex Signal

Profit Mongers – Friday Trading Signal 09-03-2010

Posted on03. Sep, 2010 by Sir Pipsalot.

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Hey folks,
EUR/USD continues to work out it’s potential topping pattern, but a final thrust higher near 1.2900 is likely before a selloff, so I would consider shorting EUR/USD in the 1.2870-1.2910 range if it gets there Friday.
USD/JPY is still a good short around 84.30 or higher as it plays a range and sets up hopefully [...]

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Profit Mongers – Thursday Trading Signal 09-02-2010

Posted on02. Sep, 2010 by Sir Pipsalot.

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Hey folks,
Risk appetite got a nice lift today, and while EUR/USD was able to benefit, USD/JPY remains contained around resistance. While I’ll probably be looking to sell EUR/USD sometime soon for a long term trade, I think USD/JPY is the better short here between 84.30 – 84.75 (now 84.36). I would short USD/JPY at market [...]

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Profit Mongers – Wednesday Trading Signal 09-01-2010

Posted on01. Sep, 2010 by Sir Pipsalot.

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Hey folks,
Just a short update today as I have had a long night and need some rest.
EUR/USD and USD/JPY are somewhat inderminate as 2-way pressures exist at the moment.
EUR/GBP long hit my first target of 0.8280 today and may cool off a bit before a final run to or near my final 0.8600 TP.
In news [...]

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Profit Mongers – Friday Trading Signal 08-31-2010

Posted on31. Aug, 2010 by Sir Pipsalot.

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Hey folks,
Just a short signal tonight as I do not have as much time as usual tonight. Check out my signals from Friday and Monday for more details on my biases.
EUR/USD may have topped at initial resistance just ahead of 1.2790, and I am bearish long term, but the retracement seems a bit shallow to [...]

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Profit Mongers – Thursday Trading Signal 08-26-2010

Posted on26. Aug, 2010 by Sir Pipsalot.

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Hey folks,
It seems the EUR/USD is making an attempt to bottom at the initial resistance I had forecasted around 1.2610. I was hoping that support would give way to a bit deeper support level around 1.2420 (or somewhere in between), but that hasn’t happened just yet. If we can get a deeper extention lower, we [...]

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Profit Mongers – Monday Trading Signal 08-23-2010

Posted on23. Aug, 2010 by Sir Pipsalot.

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Hey folks,
EUR/USD managed a nice break lower Friday putting our Euro shorts in some solid profit, and while we may see a bit of retracement and consolidation, the window is open for the final push down to the 1.2420-1.2610 support region that I’ve been calling for for over a week now. In the meantime, for [...]

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Profit Mongers – Friday Trading Signal 08-20-2010

Posted on20. Aug, 2010 by Sir Pipsalot.

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Hey folks,
EUR/USD managed to put in another bump up to 1.2900 for another resell and back down to 1.2800 today. There’s been some nice range trading there. A break north of 1.2925 will probably mean another 100-180 pips higher from there, but as long as it holds, the medium term odds are still pointed lower. [...]

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Profit Mongers – Thursday Trading Signal 08-19-2010

Posted on19. Aug, 2010 by Sir Pipsalot.

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Hey folks,
EUR/USD gave us yet another chance to sell around 1.2900 today, and during the Asian session this evening, worked lower down to my 1.2800 TP. For those looking for more or managing a EUR/USD short position trade as I am, I’d continue to hold out a portion of the short to TP in the [...]

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Profit Mongers – Wednesday Trading Signal 08-18-2010

Posted on18. Aug, 2010 by Sir Pipsalot.

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Hey folks,
Tuesday saw some great price action on the EUR/USD as it floated up to my 1.2900 sell level, played with it a few times, then eventually sold off into the evening (now at 1.2840). I even bumped yesterday’s signal while we were floating around 1.2900 to remind people about that level.
Looking ahead to Wednesday, [...]

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New Stuff From ForexPeaceArmy

Posted on16. Aug, 2010 by Jakob.

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It’s the beginning of a new week and there is a bunch of news from the guys over at ForexPeaceArmy. First of all, Henry Liu has written a recap of the week that passed and based on his free analysis posted over at ForexPeaceArmy you could have made a total of 570 pips at best. [...]