I am starting this thread solely for the purpose of helping people who feel uncomfortable trading manually. I will update this thread daily basis and also sometimes twice a day when the patterns change or a new trend is transformed. And you can also pm me for a live session if you need it. Everything is FREE.
If you need to contact me directly pm me here or click on the link in my signature for my personal web-page.
Aug 18 2009, 01:22 AM
Price has made a new five day low and has inched back up to psychological resistance. If it breaks 1.4169 from below, price might correct itself up to 1.4195. There is no trade formation confirmed at this time ..... price is wedged between dynamic resistances and supports ... I will update again with a clear trade idea if it forms a pattern.
This is a bearish correction in GBP ...... GBP has been the biggest loser to USD previous week, sentiment is still week. BOE's decision about not changing interest rates is tainting investors' favors for GBP ... so price should remain within 1.6375 - 1.6497 zone. Price movement has an inclination of a downward move ....... which is not confirmed yet. I will signal a clear trade if it forms a pattern.
G/J is rolling down with considerable momentum ..... at the present moment, however, there is a strong bullish micro trend ...... price should move back up to 158.21 area ...... that is a selling zone ...... if it breaks the resistance of 157.25 I will wait for it to head down and configure my short entry.
Aug 18 2009, 04:22 AM
GBP/USD is inching up without clear direction. We are seeing too many bullish flags but very less price action. Traders' bias is neutral.
Save any whipsaw of the news or a fundamental factor .... GBP/JPY will keep moving up . 157.25 is the target area.
Sell EUR/USD @ 1.4100, SL = 1.4130, TP = 1.4060
Aug 18 2009, 09:55 PM
Wednesday, August 19, 2009.
EUR/USD Price is still in a consolidation mode and moving without clear direction. Odd highs and lows are being formed on 1H. Daily bias is up, it might continue to range between 1.4116 - 1.4167 zone. Waiting upon a clear formation or break of a support/resistance to happen to enter a trade.
After yesterday's bullish flags and slow movement GBP managed to break above first resistance of the day. And up until now it has been in a consolidation mode. Price action is being squeezed and been tightened between 1.6512 - 1.6596 area. Waiting for a clear formation to go short.
Evidently the momentum on down side was not enough .... GBP/JPY failed to get anywhere near the projected zone. The price is gradually being squeezed from 156.82 - 155.28 to 156.28 - 155.94 zone. The bias is up ... when the squeeze relaxes it is apt to go up. 155.28 is a strong support, if it comes down to this point .... a reversal is expected.
Yesterday's signal was fulfilled
Aug 20 2009, 01:05 AM
Euro/Usd is showing opposite patterns on different time frames ...... Risk Reward ratio is too high to trade. Price is in consolidation mode after yesterday's long-expected move upward. I am waiting for it to fall into a pattern to predict if it is headed up or down. Update later.
Sell @ 0.8591
SL = 0.8620
TP = 0.8545 .... better use a trailing stop of 20 pips.
Aug 20 2009, 10:57 PM
Friday, August 21, 2009.
EUR/USD has been in a ranging zone consolidating and is still in the same phase ... price is wedged between dynamic supports and resistances .... hence the moving area is shortened to1.4200 - 1.4267. Please configure you entry and exit if you trade it and that should be short term.
Sell @ 0.8653
SL = 0.8675
TP = 0.8600 ... if it breaks 0.8595 might even lower down so better use manual stops.
GBP/USD is in a buying zone but the price is moving under bearish pressure .... so configure a long entry carefully or wait for our next update.
There is no clear formation on this pair .... it has moved without proper direction ... trader's bias is neutral ... yet it might reverse from 153.95 upward and could go back upto 155.15 area. 153.61 is strong support here.
Aug 23 2009, 10:18 PM
Monday, August 24, 2009.
EUR/USD 1.4327 & 1.4346 are support and resistance for the day ... price is lurking around these figures so far. A break of resistance on the upside could surge up to 1.4430 zone. However, the price is ranging lower and lower so far and is coming down to 1.4290. Configure your entry and exit.
Sell @ 1.6486
SL = 1.6532
TP = 1.6412
Aug 24 2009, 10:27 PM
Sell @ 1.4284
SL = 1.4312
TP = 1.4238
Sell @ 1.6378
SL = 1.6438
TP = 1.6284
Aug 28 2009, 12:49 AM
Looking at the situation in markets this week we have decided to take a more active role in helping people execute trades ... so starting from Monday August 30th, 2009, instead of just analysing the market for you and let you figure out your entries and exits ... we are gonna relay exact trade signals. We hope it will help a lot since this portal is aimed at helping newbies ... we don't think anything short of trade signals can help them better.
RealTime FX Group
Aug 30 2009, 09:58 PM
EUR/USD -------------- Buy @ 1.4282
SL = 1.4270
TP = 1.4301, 1.4354
Stay Tuned for More!
Sep 1 2009, 01:39 AM
EUR/USD -------------- Sell @ 1.4346
SL = 1.4358
TP = 1.4272
RealTime FX Group
Sep 3 2009, 10:27 PM
Dec 9 2009, 12:46 PM
Analysts said issues surrounding the financial health of Greece, whose economy accounts for around 2.5% of the euro zone, highlighted the fact that countries in the 16-country bloc continue to suffer from the global recession.
The euro's fall helped to push the dollar index (DXY), which tracks its performance against a currency basket, as high as 76.331, also its strongest since early November, before pulling back to 75.968.
Dec 10 2009, 02:00 PM
Sterling rose 0.3% against the dollar to $1.6316 while the euro fell 0.3% to 90.26 pence, with some traders citing UK corporate buying of sterling.
Investors awaited a Bank of England interest rate decision. It is expected to hold rates at 0.5% and leave its quantitative easing target unchanged. Any impact on sterling is expected to be minimal.
The Swiss franc dipped briefly after the Swiss National Bank held interest rates steady and stuck to its pledge to fight an appreciation of the franc decisively.
This was tempered, however, as the bank dropped its offer to buy corporate bonds, the first signs it was easing drastic stimulus measures, and as SNB chairman Jean-Pierre Roth said the franc had stayed stable versus the euro.
The euro briefly rose to a session high around 1.5131 francs before dipping back down to around 1.5106, little changed on the day.
The dollar index, which tracks the greenback against a currency basket, was steady at 76.007 while the dollar gained 0.6% against the yen to ¥88.41.
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