Archive for September, 2009
<a href=”http://www.theinsidercode.com/forex-trading/index.php?s=forex+trade”>(there are actual forex trades in an email here)</a> actual forex trades!
<a href=”http://www.theinsidercode.com/forex-trading/index.php?s=forex+trade”>(there are actual forex trades in an email here)</a>
actual forex trades!
Short trades though, I think we’ve got enough of the double bottom here if the market does break through 4,640. If you’re looking at this in early London hours or early New York hours, and you’re getting a break below that price, perfect are to game the market breaking through. Again, if you have the Forex deal butler, that’s where you want to check out what we call the “Christmas tree” down at the bottom for that selling energy. Hercules traders, also a good area to start looking for that strength or weakness, as you see fit.
So there you go. Nice quick setups for tomorrow. Just stay patient and keep your powder dry <a href=”http://www.theinsidercode.com/forex-trading/index.php?s=forex+trades”>(here is where you get the forex trades in an email)</a>.
forex trades with “cable” (the Pound) !
forex trades with “cable” (the Pound) !
So, even though we’re not, on the bigger scale, doing much, the moving averages are telling us that the market is starting to compress. We’re getting sellers coming in. We’re getting buyers coming in. The price changes are getting closer and closer together. In other words, we’re starting to do this. Any time we do that, we’ve got to get ready for a big move. We need to be aware of the possibility of a break out to the top side indicating a nice solid trend to the upside, and we also need to be aware of the possibility that if price gets back down into this zone that we could be heading much lower.<a href=”http://www.theinsidercode.com/forex-trading/index.php?s=forex+trades”>-> this guys trades tell me exactly when to get in and get out! <-</a>.
actual forex trades!
actual forex trades!
Looking at the daily bars up here - again my computer is running slowly so I’m not going to wait for it. We’re coming off of our resistance area up here. Remember, that resistance area was taking advantage of a resistance zone based on trading back here. This is February and January. We’re caught between the support zone - I’ll draw it in roughly here - which is coming in right about like this and so we had this really small area in the middle, right? So what we can expect is that the market is going to run into trouble as it gets into this resistance area. As it gets closer to the support area down here, we can expect the market to chop around. Now let me say this: if the market does get into this support zone, I’m expecting the market to try and trade back to 4,175, but I’m expecting it to be choppy. I’m not thinking this is going to be some rip-roaring trend to the downside <a href=”http://www.theinsidercode.com/forex-trading/index.php?s=forex+trades”>(here is where you get the forex trades in an email)</a>.