Are you new to Forex? Start here for a solid foundation
Forex Market Outlook Stocks have now shaken off the ability to rally on bad news and looks like it is rolling over at this time. We expect 900 to be tested as resistance this week. We are looking for the S&P to stay under 900 on a closing basis. If we see that then the…
Dusting off last nights road map, will follow the rules and play the game: Using stop at 1.36209 for this trade, 11 pips. I preferred 13627-35 to be satisfied before choosing my entry and it still may try to tap that — SO if stop hit, may readdress again based on forecast link below BUT…
12:00 pm GMT EUR/USD 1.3565 >>If 3608-13 rejects and never gets to 3627’s or above, I will likely enter early as long as 3608/13 rejects. If it is a false rejection, I will likely increase the position below 3640/60. << t1 3540 hit again from issued sell levels 3609-13. Standing down on bear patterns for…
11:56 GMT EUR/USD at 3542 Closed my 3581 short position at T1 3540, low at 3533. Still running the other position, which is short from 3575, and will play the game and if she does not start bursting down, will kill at 1.35459 to 539 More later EDIT> Update to position: 00:25 GMT EUR/USD at 1.3558 Fun…
Learn more about the week ahead in the Forex Markets from Derek Frey.
Join us as we trade live on the news as 2 Forex reports are released.
Find out what this week brings in the Forex Market with Derek Frey.
3:50 GMT 3268 >> My stop still sitting at 85, moving now to 80 inasmuch if this were a mid-week session I’d like to go to 3299 stop and play the game on the balance of the position for a second try at 3243 bust and burst below 3229. Now as I write I see…
2:13 gmt eur/usd 3268
Must bust 3243 and rapidly burst 3229 to target 3200 down to 3189 or less to 3157/35.
stop 3285 down to 3277. COULD BE A DEAD DAY, SO WILL USE STOP UNDER 80 IF NO BURST
What’s new in the forex market this week with Derek Frey.
Join us live to trade forex as news releases hit the wires.
Forex Trading and Forex Coaching with Derek Frey.