Friday, August 03, 2007
NFP today impacted the EUR/USD
NFP today impacted the EUR/USD
Today Non Farm Payroll were announced. As always it caused some ripples in the market and that set the market in motion. EUR/USD especially broke out of the range which it was in for last 2 days.
If you llok at today's NFP announcement, it led to a partial bullish candle on 1 hr chart. After the candle closed at 9 AM EST, the next candle closed outside the highest of the 8 AM candle. That was a huge bullish signal to trade.
Also this forex signal can be considered to be even more stronger considering that the currency pair broker the 200 EMA.
Thats the point when I entered the trade with a very conservative target of 30 pips which is because this is Friday and market will close very soon.
With in next candle my limit order was reached and I ended with 30 pips profit.
Though not very popularly followed, the candlestick analysis is very important and useful.
Thanks all in this session.. Visit again to learn more on forex trading.
Today Non Farm Payroll were announced. As always it caused some ripples in the market and that set the market in motion. EUR/USD especially broke out of the range which it was in for last 2 days.
If you llok at today's NFP announcement, it led to a partial bullish candle on 1 hr chart. After the candle closed at 9 AM EST, the next candle closed outside the highest of the 8 AM candle. That was a huge bullish signal to trade.
Also this forex signal can be considered to be even more stronger considering that the currency pair broker the 200 EMA.
Thats the point when I entered the trade with a very conservative target of 30 pips which is because this is Friday and market will close very soon.
With in next candle my limit order was reached and I ended with 30 pips profit.
Though not very popularly followed, the candlestick analysis is very important and useful.
Thanks all in this session.. Visit again to learn more on forex trading.
Labels: candlestick, EUR/USD, forex Entry, forex pips, nfp, non farm payroll, voltile currency pair
Saturday, May 19, 2007
This Forex Trading Blog!!
This Forex Trading Blog!!
Hello Everyone..It is a great feeling to tell you that your favourite blog has completed one year of running on 13-May-07.
Yes, on 13-May-06 I launched this blog and it took 7 days for the 1st visitor to visit this site. Today there are close to 200 visitors that come to this site on daily basis to learn more or share there experience about forex trading. More than 175 people have added the RSS feed of this blog to their newsreader page.
I thank you for making this blog so successful.
Want to know more stats and interseting facts about this site?? Well, I'll share with you tomorrow.
Just one more point, the USD is looking in a major up turn. The USD based major currency pair it seems may move 150 pips more in next 1 week. So look for good entry and exit points to place the trade. The good currency pairs to watch are - EUR/USD, GBP/USD and NZD/USD
Thats all in this edition..Visit again to learn more on the world of online forex trading.
Hello Everyone..It is a great feeling to tell you that your favourite blog has completed one year of running on 13-May-07.
Yes, on 13-May-06 I launched this blog and it took 7 days for the 1st visitor to visit this site. Today there are close to 200 visitors that come to this site on daily basis to learn more or share there experience about forex trading. More than 175 people have added the RSS feed of this blog to their newsreader page.
I thank you for making this blog so successful.
Want to know more stats and interseting facts about this site?? Well, I'll share with you tomorrow.
Just one more point, the USD is looking in a major up turn. The USD based major currency pair it seems may move 150 pips more in next 1 week. So look for good entry and exit points to place the trade. The good currency pairs to watch are - EUR/USD, GBP/USD and NZD/USD
Thats all in this edition..Visit again to learn more on the world of online forex trading.
Labels: currency trading, EUR/USD, GBP/USD, online forex trading, voltile currency pair
