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- ForexMike replied May 25, 2006
Here is a trade I took this morning and just closed out this evening. I sold the CHFJPY pair at 92.43 and closed it at 91.91 for 52 PIPS. The price continued to decline a little further, but I took my profits at the 55SMA as I did not wish to hold ...
- ForexMike replied May 20, 2006
The price crossed above the yellow 55SMA line and the 8SMA is trending up. Again, can we get to the 113 level? Look at the last 3 blue bars…the price has closed at the 111.70 level on all three bars…looks like we are in consolidation mode. The STO ...
- ForexMike replied May 20, 2006
Here is a view of the USDJPY daily chart. Clearly this pair has been is a descending channel; however, as you can see, the price broke out of the channel. The signal is a buy. I am not advocating a buy here, but using this pair as an analysis. The ...
- ForexMike replied May 20, 2006
Here is a trade I took the other day: Bought on 5/18 @ 1.5494 and sold the morning of 5/18 1.5567 for a 73 pip gain. The red and green horizontal lines on the chart designate where I entered and sold. The green arrow shows the point at which I ...
- ForexMike replied May 17, 2006
IBO, I have a question...as an example, take a look at the attached GBP/USD chart. This is a 1-hour chart which shows a blue buy signal arrow. On the 4-hour chart, no blue arrow exists but the price action appears to be up at least in the immediate ...
- ForexMike replied May 16, 2006
IBO, Attached is a current snapshot of the EUR/USD at 8:15 p.m EST. I currently do not have any open positions. I am analyzing this pair to determine a re-entry point. Here is my thought process – let me know if you agree or if you would approach ...
- ForexMike replied May 16, 2006
Here is an updated chart of the EUR/USD as of this morning here on the east coast. The price did get a slight lift, but still in a bearish configuration. It has not closed below the green trendline. I do not have a position in this pair at the ...
- ForexMike replied May 15, 2006
A view of the GBP/USD 4-Hour Chart… Look at the strong trend up and you can clearly see the nice channel. The price is approaching the bottom of the channel (the green line). The 4-H Stoch is also very oversold at 11.44. Will this pair bounce off of ...
- ForexMike replied May 15, 2006
Thanks IBO for the chart… I have also attached a view of the 4-Hour chart of the EUR/USD Pair. Later last week, the price broke out of its current channel, but today it came back in. The green trend lines on my chart indicate the current channel. It ...
- ForexMike replied May 11, 2006
IBO, I posted a 4-H chart of the EUR/USD. You are going to yell at me again for being aggressive, but thought I would post my thought process and gain your feedback again. One can clearly see the purple arrows point to a downward trend – we had ...
- ForexMike replied May 9, 2006
Thanks IBO, Here is a most recent chart of the EUR/USD. Price did decline and is approaching the first pivot support level. The 55SMA still looks very positive and long term Stoch still very high. Let's see if the trend continues and the pair moves ...
- ForexMike replied May 6, 2006
IBO, A follow-up to my last message. This is a view of the EUR/USD 4-hour chart.A nice uptrend is evident. In the chart I drew attention to the most recent blew buy signal arrow. Although the 8SMA is above the 55SMA, would a long trade be entered ...
- ForexMike replied May 6, 2006
IBO, Looking for an opportunity to learn from your analysis, so I attached a chart of the EUR/JPY and would like your feedback. The weekly trend on this pair is up; however, we had a major down trend in price on Friday. One can clearly see on the ...
- Posts by Member Search: 'ForexMike'