TradeProfits

Trading Forex – Cable Upside?

Posted on 05. Oct, 2011 by Jakob.

As mentioned in yesterday’s post, I think we are likely to get a pullback on EUR/USD before we see continuation to the downside. One reason why this might be the place, is partially due to the USD index coming close to the 200 EMA which tends to hold as a strong level of support and resistance. Now if the USD index will bounce on this level, USD crosses are likely to be affected from this.  Read more... (367 words, 1 image, estimated 1:28 mins reading time)

Continue Reading

Trading Forex – EUR/USD More Downside?

Posted on 22. Sep, 2011 by Jakob.

Yesterday in the beginning of the US session we did see some upside on EUR/USD, trading all the way up to the 1.3800 level, which probably was partially due to some pre-sentiment before the rate decision and press conference, as well as recent talk about the next aid tranche for Greece.  Read more... (425 words, 1 image, estimated 1:42 mins reading time)

Continue Reading

Trading Forex – A look at EUR/USD

Posted on 07. Sep, 2011 by Jakob.

We currently have a very volatile market. Last Friday we had NFP which came out with no change, not reflecting the expectations for the release. In addition to this we had news from SNB yesterday announcing a minimum rate of 1.20 on EUR/CHF which gave us an immediate surge in the pair, moving it up to 1.20 within a few minutes.  Read more... (479 words, 2 images, estimated 1:55 mins reading time)

Continue Reading

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)

Continue Reading

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)

Continue Reading

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)

Continue Reading

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)

Continue Reading

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)

Continue Reading

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)

Continue Reading

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)

Continue Reading