Hello and happy Easter !

so let me do a little more comment on chart from 29 march.

the 4 signal is sell , and it's a little confusing to pass it ( to do not trade it) because 

 price move around it is big enough to expect price action to continue down.

But ... the day was not so clear in terms of news and political news.

so...  one way to trade the situation is to close some part of the long position and wait 

for end of the day to come .

if you may have positions in both directions  ( your broker platform allow it ) 

and open short position , a stop loss should closed it , after the market resume up trend moves.

also important note is that most of the countries did not work for coming holidays and long weekend. 

EUR/USD

For the day we await moves in both directions, but market is a market ...

first 2 signals gave a good  small but enough correction to enter on better levels.

Next sell signals have to be  omitted and close the position on pivot 1.2804 or close to resistance-1  1.2845.

Good and clear moves today in eurusd and gbpusd.

Signals are

buy @ 1.3357
sell @ 1.3378
buy @ 1.3315 (around).

Nice weekend ...

Hello again.

After an week in French Alps with fresh mind we are hare !

Hello again ...

Sell EURUSD at 1.3080 went to support 1.3044 .

Upmove  after the first sell signal at 1.3078 made double top and touch day pivot point at 1.3091,
which give an good opportunity to go short on this level.

The picture is the same to GBPUSD . Signal is at 1.6059 , but better enter level is day pivot at 1.6069.

Happy New Year !!!

So , let me show you an example of a bad day.

During the day a lot of mixed signals ware produced and we had a non profit day .

What happened:
2 stop loss kicked = -30 pips
buy at 1.5841 closed at open price = 0 pips
sell at same level , stop moved 1.5845 = -4 pips

USA session

buy at 1.5845 closed on profit = +25 pips

and the same time to sells closed by stop loss = -30 pips

sell from 1.5863 closed on profit = + 10 pips

buy at 1.5865 closed by stop loss = -15 pips

last buy for the day is to late , so we didn't trade it

total for the day = -46 pips ( loss )

15 November 2012