Thursday, August 04, 2005


EUR/USD broke the 1.2343 level shooting up to 1.2380 level, triggering the order at 1.2343 and getting 37 pips there, of course I just got a few of these pips :) but lucky who got more.

Wednesday, August 03, 2005


EUR/USD broke the 1.2171 support today reaching 1.2146, then it went up like a rocket to break the 1.2250 resistance which was the powerfull resistance he didn't break easily, but after that the EUR/USD reached 1.2343. Orders at this level for buying EUR/USD @ 1.2343 for a 10-20 pips profit.


The EUR/USD descended down to 1.2150 in the Asian session as was predicted in the previous post, collecting about from 20-50 ips depending about exit strategies. Now the pair mey a strong support at 1.2150 reversing the direction to reach 1.2206 at the time I am writing this comment. Oanda FxTrade platform is at 12.00EST, so everyday starts at 12.00 EST, (-7 GMT)


GBP/USD order was executed at 1.7670 for +10 pips profit although the pair extended the bearish movement to 1.7651, Now the pair met a strong support there as what happened in the EUR/USD pair.

Tuesday, August 02, 2005


Double top sign, which is a trend reversal sign in the EUR/USD daily chart. Sell at 1.2171 for 20-50 pips profit. For brave traders out there, you can sell from now for a 50 pips profit.


Sorry for the spelling mistakes, The correction is : Possible spining top on the GBP/USD daily chart at Oanda FXtrade platform. I think tomorrow is facing a bearish day for the GBP and it will be confirmed after the GBP interest rate announcement. Look for selling at 1.7670 for 10-30 pips profit.


Possible spining top on the GBP/USD daily chart at Oanda FXtrade platform. I think tomorrow is faccing a bearisg day for the GBP and it will be confirmed after the GBP interest rate announcement. Look for selling at 1.7670 for 10-30 pips profit.



A hammer is formed on the CHF/USD daily chart at Oanda FXtrade platfoirm, which adds to the confirmation that tomorrow will be a USD bulls day, look for buy at 1.2801 for 20-50 pips profit depending upon your exit strategy.

The EUR/USD failed to break the 1.2250 again!


The Eur/$ pair failed to break the 1.2250 again, will it break it in the next few days?

Monday, August 01, 2005

EUR/USD didn't break the 1.2250 resistance level today.


EUR failed to break the 1.2250 today, if the price moved lower today in the bears side, then a shooting star will be formed paving the way for a further down movement of the EURO.

Open Trades at Oanda as of 11.30 EST


Open Trades in Oanda as of 11.30 Est, prices may face some more retracement during the remaining hours of this day.

EUR/USD did make a retrace for 60 pips.

In my previous post today , 20-30 pips retracement in the EUR/USD was predicted, now the pair met a big retracement to 1.2181 level, triggering a sell signal on the bunny cross , but I am still out of the market for now.


3 Pip spread on GBP/USD pair, on Oanda FXtrade platform, Oanda never stops amazing me, I hope they settle this 3 pips spread as a premenant spread on this pair.


prices in the EUR/USD will retrace for while here , I predict it will retrace for about 20-30 pips.


prices in the EUR/USD will retrace for while here , I predict it will retrace for about 20-30 pips.


The EUR/USD did break the 1.2158 Hi level of the previous day, breaking with it the expectations of a stronger $ today, now the next resistance for the EUR/$ pair is 1.2250, if the Euro succeeded in breaking this level then further upmove is predicted.