Forex Market News FX charts.

Wednesday, June 15, 2016

USD/JPY Chart

Summary :
Target Level : 107.1815
Target Period : 3 days
Analysis :
Falling Wedge identified at 15-Jun-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 107.182 within the next 3 days.
Supporting Indicators :
RSI below 40
Resistance Levels :
( B ) 107.1815Last resistance turning point of Falling Wedge.
Support Levels
( A ) 105.7385Last support turning point of Falling Wedge.

Monday, June 13, 2016

USD/JPY Chart

Summary :
Target Level : 104.6482
Target Period : 3 days
Analysis :
Descending Triangle has broken through the support line at 13-Jun-02:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 104.648.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( A ) 107.173Last resistance turning point of Descending Triangle.

Saturday, June 11, 2016

trade your plan

Trading the professional way really involves common sense. We should buy stock on sale and sell it when it becomes expensive, not the other way around
When you trade you must fire on all cylinders; you must access and activate your resources, strengths and mental weapons in the psychological warfare which is trading. The trading trenches are not a place to vacillate and equivocate; you must be willing to demonstrate your ability to focus on what matters most in the trade. You must be willing to plan your trade and trade your plan with complete follow-through of all of your rules.

Tuesday, May 31, 2016

EUR/USD

Summary :
Target Level : 1.1217
Target Period : 2 days
Analysis :
Channel Down identified at 30-May-08:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.122 within the next 2 days.
Resistance Levels :
( B ) 1.1217Last resistance turning point of Channel Down.
Support Levels
( A ) 1.1098Last support turning point of Channel Down.

Tuesday, May 24, 2016

EUR/USD

Summary :
Target Level : 1.1188
Target Period : 2 days
Analysis :
Triangle identified at 24-May-02:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.119 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.1231Last resistance turning point of Triangle.
Support Levels
( A ) 1.1188Last support turning point of Triangle.

Learning to Trade

We will be posting trading opportunities , trade at your own risk. Most of the charts have a 70 percent of being right but some can go the other way,that is the nature of trading.Forex market trading the fear of losing If you are a trader in the stock market losing trades are part of trading. One of the biggest emotional aspects in trading is to overcome the fear of losing. Having a losing trade causing you to have feeling of fear and pain from the loss. All good stock traders will except small loses and learn from the experience.Forex traders need to realize that they will have small loses its part of the trading game as they learn to play to win.Looking For a Set-and-Forget Strategy? They will adjust their trading strategy to keep losses small and their winning stock trades big. As a forex trader you need to learn what the successful traders are doing and study their trading style. This way you will limit your losses and keep them manageable. You need to work on your mind set that you will have losses in stock trading. Learning to trade with a mind set of not to lose is good to a certain point. Small losses are the price to be paid to be a consistence winner in the stock markets.

With this course you will master the success factors that will make you a winner in the markets. Then you can limit your time trading to just 90 minute per day, using methodology that’s been continually profitable since it was first developed it in the mid-1990s.