Yesterday currency movement was so interesting. I noticed some large downside movement on EUR/USD. I think the bearsih signal on EUR/USD already shown since beginning of December. I also already posted it on my blog. Ok…. Let’s review USD Dollar one more.

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on H4 TF, EUR/USD already break it’s uptrend support. can the 1.3452 support level hold the movement? if it also broken, then the downtrend will likely continue. Read more…

This is an example of good risk/reward trade for today on EUR/USD

Just place Stop Loss below support…

seems eur/usd fail to form a flag pattern on yesterday weakness. so the bullish pattern is not going to occur like what i said before. But the chart itself still try to build some basis for uptrend movement. so for short term, it’s better waiting a clearer signal to enter position.

I sense some bullish sentiment on EUR/USD last week. Honestly, i don’t have any idea where exactly the market will move for this week. Because in long term EUR/USD still on downtrend, but from what the pattern formed it seems there is a great possibility that EUR/USD will continue to rise.

The first signal is the chart start to move above SMA 30, SMA 100 and it temporarily break SMA 200 before it back. The second signal is the chart break out the resistance channel shown in the picture above. And there is a possibility that the chart will form flag pattern. If this currency pair refuse to go down and form a flag pattern, there is a great possibility that the bull is coming soon.

Happy trading all…

Forex Trade

After down about 2 month without rest, it seem EUR/USD on consolidation right now. From the movement pattern, there is more probability to be bullish for a while, even i think not to much. Honestly, i don’t like this situation, because i have to play fast on this non trending pair. There are not too much important economic data will be realeased this week, except Unemployement Claims on Thursday & Retail Sales on Friday.

Stock Market Trade

Stock Market continue to rebound into it’s previous high on 1148.  S&P 500 index gapped up and closed higher on Friday following a favorable jobless report released earlier on friday. Read more…

Crazy Day. Yesterday was really really crazy. Currency surge unexpectedly immediately after the news of the debt crisis in Greece. I suffer some losses yesterday on EUR/USD Trade. This is the use of stop loss in our software platform. It’s very important to limit our losses. There is a quote said “Keep your limit small, and let’s the profit grow”. Yesterday, EUR/USD move 140 pips in just 25 minutes. Really sensational movement. Usually EUR/USD need 1 day to move 140 pips. That’s why i say it’s crazy

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Just exactly like i predicted, EUR/USD slide down again. I think the EUR/USD still on downtrend, but beware of profit taking by speculators which can cause an oversold rebound. I don’t think buy position is a good idea for this condition, but i just give some posibble scenario that can occur. Let’s see the chart

On the chart, we can see that based on fibonachi retracement, there is a possibility that EUR/USD will bounce for profit taking before continute to sink again. I still love sell position, but i think we must trade more carefully on this oversold market like this. Trade small position or play scalping is a good idea for now.

Some event to noticed today are : Non-Farm Employment Change (USD) and Unemployment Rate (USD).

EUR/USD Trend :

Long Term : Bearsih

Mid Term : Bearish

Short Term : Oversold

Happy Trading for you all.

Forex Trade

Dollar soar again yesterday. Luckly I still have short position on EUR/USD for long term. I still make a good profit yesteday, and I already covered some buy position today. It’s seem sentiment EUR/USD back to bearish mode. Some event & data I noticed to be influence the EUR/USD movement today are : Minimum Bid Rate (EUR), ECB Press Conference (EUR), Unemployment Claims (USD) and FOMC Member Hoenig Speaks (USD).

We have a support from last low @1.853 on EUR/USD. Can this support hold the downtrend wave of EUR/USD. I still prefer my last week view. Sell on any rebound on EUR/USD

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For you who follow EUR/USD movement, it’s seem clear enough to make sure that the downtrend signal on EUR/USD already confirmed. I personally already take sell position on EUR/USD since last week. Today, when i am browsing on currensee, i found some interesting statistic. Most of traders have long position on EUR/USD and still hold them with floating loss. Here is the data :

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