Will the price reach the low of January 2012 (1.2600/20). If the Eur/Usd breaks this area, we can go for the 1.2550 support for now. If you have short trades running, stay short with at least a small part of your position. In case the price bounces in the 1.2600 area and the pair moves [...]
Hi Friends, traders and members! Our free live trading and training month has started almost 2 weeks ago and I must say I have met some passionate traders. I would like to thank you guys for being focused and active in the trading room during the sessions. I know that it is not easy to manage [...]
Eur/Jpy Our swing short setup worked fine and I am about 100 pips in profit now (4H entry 105.50).I leave my stop at 106.30 for now but took already some profits at 104.50. I will trail my stop after a new confirmed setup on the 4H chart. Next target is the 103.30 area. Good [...]
Swing traders should wait for some good support and resistance area breaks, before they can enter new positions!
Gold is ranging for many weeks now. The price has created a wedge, and it looks like we will see a break out of this formation soon. It can still take a couple of weeks, but a break here would open the way for new swing trading setups. Patience now! Remember…You don’t want to decide [...]
I’m going to keep this short and sweet… Starting May 2 my friend Nikos will be holding a free daily live trading workshop. It will run throughout May. This is something you rarely get to see as most traders are too scared to trade in real-time in front of a group. Nilos will do scalping, [...]
Price has broken the resistance line on the 4H chart. I will wait for a good 123 setup on the 4 h chart to trade long. This could be a swing trade position, if the setup looks good.
Usd/jpy moved up to our EMA 200 resistance area. Switch to lower time frames like the 1 min/5 min chart and look for some intraday short setups with target the 81.00 area! In case the price breaks the 81.50 area, try to look for long setups and target the 81.80-82.00 area for no. Don’t [...]
The Aud/Usd hit the EMA 200 and retraced about 100 pips to the downside. It is finding strong support at 1.03500 right now. If the price creates a green candle on the 4 h chart, I will try new longs with target the 1.0550 and 1.0600 area for now. In case the price moves under [...]
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