Forex Signal

Forex Signal # 1 – Trade Setup EUR/USD

Posted on11. Mar, 2010 by Jakob.

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I am currently looking at EUR/USD and it is beginning to form a triangular pattern. Click the picture below to see a 4-hour timeframe chart of the EUR/USD and you can see the formation between the two red trend lines.

Currently it looks like a possible bull break, and this is what I will be watching [...]

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Daily Lesson # 4

Posted on09. Mar, 2010 by Jakob.

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Take a look at the GBP/USD 4-hour timeframe chart here.

Although the pair has been consolidating lately with a small retracement, the longer term timeframe is still bearish. Now since March 1st, the pair has been forming a triangle pattern, and yesterday we finally had a real break out. Now let’s zoom in a [...]

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Daily Lesson # 3

Posted on27. Feb, 2010 by Jakob.

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Click this picture to see a chart of the USD/JPY pair (Weekly timeframe).

First of all we can clearly see that this pair is in a downtrend, and since November 22nd has started to form a triangle pattern which is identified by the two trend lines. This wedge-shaped pattern is known to produce strong breakouts and [...]

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Sive Morten – Update on the Forex Market

Posted on29. Dec, 2009 by admin.

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Sive Morten has just posted his weekly outlook, and as always he shares some interesting thought on the overall market, and specific details about the EUR/USD. Basically he argues that the short term Dollar strength remains intact, while from a long term perspective we might see a bearish trend for the Dollar. In my opinion [...]

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FxBossTrading – 3. update

Posted on24. Sep, 2009 by admin.

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Since the last update on FxBossTrading, a couple of signals have been sent. First of all, as I wrote in my last update, I got a new signal, when they closed the other one (a pending one, that is). This trade was triggered and went into profits. I got a new email shortly after, telling [...]

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Update on current trades

Posted on22. Sep, 2009 by admin.

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Some days ago I wrote a post about a possible short EUR/USD trade. You can check it out here. However, things turned out a bit different than expected, and I actually took a long trade on USD/JPY instead of a short EUR/USD, due to different aspects; specially because both the EUR and USD was strong [...]

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EUR/USD close to 1.4700

Posted on16. Sep, 2009 by admin.

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Click at the picture below, to see the chart of the EUR/USD. The pair is currently trading at 1.4662. Last time the pair traded at this level was in the middle of December 2008.

Back then it topped out at 1.4719 and reversed sharply. Now we are just about 60 pips away from level, and [...]

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NFP Whipsaw

Posted on04. Sep, 2009 by admin.

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Today I tried trading NFP, and this was one hell of a whipsaw. Before the NFP release I took a short trade on EUR/USD. I was watching the USD/JPY pair at the same time, and as we immediately saw a spike down on the USD/JPY, so I exited my EUR/USD for some 10 pips of [...]

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Get my signals to directly as sms

Posted on04. Sep, 2009 by admin.

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Lately I have been posting my signals through twitter, because this is a fast way to get the message out to my reader. However, not all of you are in front of your laptop throughout the entire day. Then a couple of days ago, I got an email from Peter, a senior reviewer from FX [...]

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Midnight Forex and FX-sms

Posted on27. Aug, 2009 by admin.

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Midnight Forex is a Forex signal provider and they have been around for some time now. For a long period they were getting very good reviews both over at FX-Review forum and ForexPeaceArmy. Their service was rather expensive, but as they were delivering good signals, apparently their subscribers were willing to pay up. The signals [...]