GBP/USD Chart

Summary : Target Level : 1.4043
Target Period : 2 days
Analysis :
Falling Wedge identified at 29-Feb-05:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.404 within the next 2 days.
Resistance Levels :
( B ) 1.4043Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.3842Last support turning point of Falling Wedge.

 

Volume is important

Volume is important when trading any of the different markets. Stock prices can only move up when buyers become aggressive and raise bids to chase diminishing supply. Prices drop when traders or sellers are desperate to get sell a stock and drop their prices to bring in scarce buyers. Often in a breakout, the price moves above when a prior buying area that has already been weakened. When investors and traders see that new high being made, they jump on board and the volume spikes. This can be a problem sometimes.

This works

Trader Simulator looks to address the weaknesses of beginner traders by providing access to the markets at a level you’re comfortable with.

GBP/CHF

Summary : Target Level : 1.415
Target Period : 2 days
Analysis :
Channel Down identified at 24-Feb-22:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.415 within the next 2 days.
Resistance Levels :
( B ) 1.415Last resistance turning point of Channel Down.
Support Levels
( A ) 1.3733Last support turning point of Channel Down.

 

EUR/USD Chart

Summary : Target Level : 1.1119
Target Period : 3 days
Analysis :
Falling Wedge identified at 23-Feb-03:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.112 within the next 3 days.
Resistance Levels :
( B ) 1.1119Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.1003Last support turning point of Falling Wedge.

 

no-risk environment

On the side of the student, TraderSimulator allows them to put into practice on an ongoing basis what their teacher is telling them. After each and every coaching session, the student can use TraderSimulator to refine the techniques that the stock teacher has brought to their attention. Best of all is that the student can do so in a no-risk environment, confident that their mistakes won’t be punished and that they’re developing all the while.

EUR/JPY Chart

Summary : Target Level : 128.1745
Target Period : 3 days
Analysis :
Falling Wedge identified at 22-Feb-01:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 128.174 within the next 3 days.
Resistance Levels :
( B ) 128.1745Last resistance turning point of Falling Wedge.
Support Levels
( A ) 125.0195Last support turning point of Falling Wedge.

 

Learning to Trade

There are several keys to trading an early morning breakout. First, you need to wait for a trading range to develop between 9:30 and 9:50 in the morning. This is the crucial “after the bell” period where most activity is seen. Second, you need to buy or short the trend between 9:50 and 10:10, after you see the range develop. Third, you need to have a clear price target in mind and a stop loss order in place in case your target isn’t reached.

Trader Simulator

A day trading breakout is an influx of high volume trading that occurs right after the open. First thing in the morning, there is usually an influx of trading activity, due to the fact that most traders are putting in their first orders of the day. As a result, we tend to see higher momentum earlier in the day, even in a market that’s generally going sideways.Trader Simulator looks to address the weaknesses of beginner traders by providing access to the markets at a level you’re comfortable with.

AUD/USD Chart

Summary : Target Level : 0.6984
Target Period : 2 days
Analysis :
Channel Up identified at 16-Feb-17:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.698 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.7182Last resistance turning point of Channel Up.
Support Levels
( A ) 0.6984Last support turning point of Channel Up.

 

USD/ JPY

Summary : Target Level : 114.4755
Target Period : 3 days
Analysis :
Channel Down has broken through the resistance line at 14-Feb-23:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 114.476.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 117.527Last resistance turning point of Channel Down.
Support Levels
( A ) 110.9825Last support turning point of Channel Down.

 

EUR/GBP

Summary : Target Level : 0.7707
Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 10-Feb-13:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 0.771.
Resistance Levels :
( B ) 0.7851Last resistance turning point of Channel Up.
Support Levels
( A ) 0.7662Last support turning point of Channel Up.

 

EUR/CHF Chart

Summary : Target Level : 1.1096
Target Period : 19 hours
Analysis :
Falling Wedge identified at 08-Feb-23:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.11 within the next 19 hours.
Resistance Levels :
( B ) 1.1096Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.1019Last support turning point of Falling Wedge.

 

EUR/CHF

Summary : Target Level : 1.1206
Target Period : 3 days
Analysis :
Triangle has broken through the resistance line at 03-Feb-21:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.121.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 1.116Last resistance turning point of Triangle.
Support Levels
( A ) 1.1099Last support turning point of Triangle.

 

EUR/GBP Chart

Summary : Target Level : 0.7504
Target Period : 2 days
Analysis :
Triangle has broken through the support line at 01-Feb-21:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 0.75.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.7649Last resistance turning point of Triangle.
Support Levels
( A ) 0.7562Last support turning point of Triangle.

 

EUR/USD

Summary : Target Level : 1.0968
Target Period : 3 days
Analysis :
Ascending Triangle identified at 01-Feb-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.097 within the next 3 days.
Resistance Levels :
( B ) 1.0968Last resistance turning point of Ascending Triangle.
Support Levels
( A ) 1.081Last support turning point of Ascending Triangle.