Gulzaar's FX system

Welcome to Gulzaar FX!
Gulzaar's FX system is a no nonsense ultra simple trading system where basic forex laws of support, resistance, and price traps are applied to create successful trades! I will be posting trades here, but do check my blog everyday for more detailed trades as well as tips and tricks!
http://gulzaarfx.blogspot.com
http://gulzaarfx.blogspot.com/2009/05/welcome.html

Hello everyone!
Most of the London session today was like the quiet before the storm. Both of my favorite currency pairs, the EUR/USD, and the EUR/JPY were both relatively sideways, with price bouncing around in a range of 40-60 pips.
The start of the New York session brought on the Non Farm Payroll, which was much, much better than expected. According to www.forexfactory.com, the expected numbers were around -504K jobs, but the actual figure was -345K jobs, much higher than expected, increasing dollar strength across the board.

For a more detailed analysis check out my blog at http://gulzaarfx.blogspot.com

Thanks to today's NFP, the EUR/USD has broken an important trendline support and an important horizontal support. Now we have to see if the support holds as resistance if and when price retests it. If it does hold, then look to short! Check out my blog for more details!
http://gulzaarfx.blogspot.com

Hello folks! My EUR/USD short worked great! Now, either we have just fibbed last months rally with the recent fall, or we are looking at a huge head and shoulders pattern in the EUR/USD!
For more details check it out at:
http://gulzaarfx.blogspot.com
If you like what you see, please become a follower and check regularly!