Day Trade Ideas

Hello Forex Factory!

We are pleased to announce we are expanding as a professional analysis service. Historically we have provided our free analysis on FxStreet, StockTwits, Twitter, and a few others. Due to expansion though we will begin posting some of our free analysis on Forex Factory.

As a teaser to what type of analysis you can expect, take a look at this call on the Dollar Index!



Who is behind Day Trade Ideas and what is it?

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Trading financial markets is all he has ever done, every day for over 25 years.

Jason uses this experience to advise traders at the largest global investment banks & brokers, including Deutsche Bank, Morgan Stanley and Bank of America. He is and is also the leading provider of daily technical analysis to Marex Spectron, Tower Trading Group and Schneider Trading, the main direct market access providers to thousands of professional traders in the UK and around the globe. He provides pin point entry, exit and target levels for day traders to give them the edge, helping them to maximise profits and minimise losses. The exact same written & video analysis that professional traders follow is now available to independent traders & delivered every trading day of the year by 6am GMT.

For more information go check out our website: http://www.daytradeideas.co.uk/

Analysis from July 27th, 2017
Gold tests important resistance at 1260/61 to top so far just above 1263. Shorts need stops above 1266. A break higher however is a buy signal targeting 1272/73, & 1276/77. Above 1279 then targets 1283 & 1289 before the 1295 double top high for this year. I think this will be broken on the third test for an added buy signal.

Failure to hold above 1259 signals a rejection of the important resistance targeting 1252/51 before good support at 1247/45. Further losses target the best support for today at 1239/38. Try longs with stops below 1233.



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To highlight the Dow Jones Industrial Average breaking 22,000 we wanted to share our trade signal from back in April.

On April 20th 2017 Jason called out a long signal in the Dow Jones.

We recently broke above a 5 year downtrend line in Gold. Does this signal a buying opportunity?

Today's Analysis

09 August 2017

EURUSD retracing some of last week's gains & now holding below support at 1.1775/70 is more negative of course. We target 1.1730/26 before a buying opportunity at 1.1685/80. Try longs with stops below 1.1640.

First resistance at 1.1770/75 but shorts here need stops above 1.1810. A break higher allows a recovery to 1.1875/80 before the 1.0909 high. I don't think we can break above here this week. However be ready to buy an unexpected break above 1.1925 targeting 1.1975/80 & 1.2020/25.

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Today's Analysis

10 August 2017

USDJPY bears in control as we break the 109.90/82 low & bottomed exactly at the next target of 109.60/50. A break below here today targets quite good support at 109.35/30 & again at 109.15/10. Within this 25 pip area we could see a low for the day. A break lower however targets the June low at 108.80.

First resistance at 110.20/24 on this bounce. Above 110.40 allows a further recovery to a selling opportunity at 110.65/70. Try shorts with stops above 110.95.

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Flash Back Friday!

In this installment of Day Trade Idea's Flash Back Friday Jason discussed tough market conditions this past February and the importance of being patience.

With patience though comes great opportunity, which was the case for the EURUSD on February 8th, 2017

For more information on how you can get real-time daily analysis visit: http://www.daytradeideas.co.uk/

Take a look at a trade idea Jason called back on March 20th, 2017 that resulted in a 220 pip profit potential.

Recap

WTI Crude we wrote: key to direction now is strong support at 4730/20 of course. This is the best chance of a low for the day as we become oversold. Try longs with stops below 4685...Holding strong support at 4730/20 triggers a bounce to 4790/99. Gains are likely to be limited...

So far so good - we bottomed at 4702 allowing longs to be held for the recovery to 4790.

Daily Forecast - 16 August 2017

WTI Crude holding strong support at 4730/20 triggered a bounce to 4790/99 as predicted & we topped exactly here. A break higher is more likely today & targets 4825 then 4850/60 before strong resistance at 4880/90. Try shorts with stops above 4920. Failure to beat 4785/95 risks a retest of strong support at 4730/20 of course. This is the best chance of another low for the day as we become oversold. Try longs with stops below 4685. Because this is important support, a break lower is a sell signal. Be ready to reverse in to a short on a break below 4685 targeting 4650/45 & 4625/20. (These are only targets, not supports). On further losses look for 4595/85 & 4555, before support at 4535/25 for profit taking on all remaining shorts.

http://www.daytradeideas.co.uk

Who is Jason Sen?

Basics of Technical Analysis

Learn from an award winning Analysis provider. Jason was awarded the best Buy Side Analyst Award by FX Street in 2015. He currently provides his analysis to several large Tier 1 banks, hedge funds, and prop traders. This course is designed to educate new traders on the Basics of Technical Analysis.

Make sure to take advantage of our free reports. Even though they are put up on the site a day+ after our subscribers get them there is still a lot of useful and still relevant content.

http://www.daytradeideas.co.uk/free-reports/

AUDUSD Daily Forecast - 23 August 2017

AUDUSD meets the strongest resistance for today at 7950/59 & we topped exactly here on Monday & Tuesday. Shorts need
stops above 7965. A break higher is more positive so we need to reverse in to longs (with 7950/40 then expected to act as strong
support) targeting minor resistance at 7997/8000 before the July high at 8065.

Holding below strong resistance at 7950/59 re-targets minor support at 7900/7890. If we continue lower look for 7869/66 then
7850/45. On further losses look for the best support for this week at 7800/05. Try longs with stops below 7775. Be ready to sell
a break lower however targeting 7740 & 7720/15.


Learn more at: http://www.daytradeideas.co.uk/

Hi Nexti,

Thank you for the reply.

Unfortunately, this is not something that I would be able to assist with.

I hope you enjoy our free reports though and that they help you become a better trade.

Cheers

Check out our interview with Raman Gill from Trading With Venus!

It was a great interview and I am happy she allowed me to come onto the show.

A few of the highlighted items discussed are: Successful habit's of trader and How to Build a Trading Routine


http://tradingwithvenus.com/episode-...deideas-co-uk/

We are exited to announce that we have recently begun writing analysis for Bitcoin. We look forward to continuing to explore this trading product and show that our analysis works no matter the product being traded, whether it is Forex, Futures, Bonds, Indicies, or even the Crypto currencies.

Check out the analysis and stay tuned for more great things.

Daily Forecast - 29 September 2017

Bitcoin bounces to our selling opportunity at 4200/4300. Stops above 4600. Bulls will need to see a weekly close above 4500
tonight if they are to have any hope of regaining control of this market. Unlikely I think, but an unexpected break higher
targets 4650/4700 before a retest of the all time high at 4900/4979.

Failure to beat the 4200/4300 targets 4140/30 & 4060/50 but expect good support at 3970/50. A break below 3900 however
targets 3870/30 then strong support at 3760/40.

http://www.daytradeideas.co.uk

Watch the USDJPY!

It is coming down to our target buy area. First support at 112.40/35 doing the job but below targets better support at 111.85/75. A bounce from here is likely on the first test. If a break lower is seen on further tests, we target 111.50/40 & a buying opportunity at 111.00/110.95.

Daily Forecast - 04 October 2017

Gold finally hits the big longer term buying opportunity at 1271/67 that we have been waiting for over a week. As we wrote for
many, many days: If we are to remain in a bull trend we will bottom here & see a strong recovery. Try longs with stops below
1260. Holding the 1271/67 support as expected allows a recovery to last week's low at 1277/79 then quite strong resistance at
1288/90. We should struggle (& pause) here initially but shorts would be too risky with the bull trend expected to resume.


Learn more at: http://www.daytradeideas.co.uk

EURUSD Video Analysis for October 9th 2017