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In today’s EUR/USD forecast I am looking for the pair to continue moving higher. I would like to see a pullback to the 1.3590 level before it reverses. I’ll look for this to happen between 14:30 to 18:30 (GMT+ 7).
Trade Review- In Monday’s Forecast I said
“However I would like to see price break 1.3594 to confirm that the cycle is up first. Then ideally I would like price to pullback to 1.3580 to enter. However things may not play out that way and price could just blast up through the 1.3594 entry point.”
http://i2.wp.com/forexswingtrading.c...size=250%2C250
As you can see I called the entry correctly, and then we got a pullback, but only to 1.3585. The pair did move up, but not as much as I would have liked it to. I ended up making about 8 pips. I closed because I didn’t like the VSA on the 4 hr chart.
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In today's EUR/USD Forecast I am still looking for the pair to move higher. Although I was surprised to see the pair take such a big drop yesterday the cycle does still appear to be to the upside. I am looking for the pair to reverse around the 1.3595 level. I am looking for this to happen between 11:00 to 13:00 or 17:00 to 19:00 (GMT+7)


Trade Review- On Wednesday I said-
"In today's EUR/USD forecast I am looking for the pair to continue moving higher. I would like to see a pullback to the 1.3590 level before it reverses. I'll look for this to happen between 14:30 to 18:30 (GMT+ 7)."

I was about 10 Pips off on the price, but the move started up at around 18:30 and I was correct on the direction.

In today's EUR/USD forecast I am recommending to stand aside. There isn't a lot of volatility in the market at the moment either on the 4 hr. or on the Daily chart. This may change later on but I don't see any clear signals. The cycle is still up and as volatility increases I will be looking for long signals.

In today's EUR/USD Forecast I am going to look for the pair to cycle back up. There could be some more downside, but I'm going to set a buy stop order at 1.35729 with a 25 pip stop loss. I will look for the pair to make a move between 15:30 and 21:30 (GMT +7).

In today's EUR/USD forecast I am recommending to stand aside. The down cycle has completed and there should be some movement to the upside. The problem is that the daily chart has become bearish which means the cycle up will likely be short and not have a lot of meat on it. So I will wait for the cycle up to complete next week and then look for trades to the down side.

Trade Review- Wednesday I said-
"In today's EUR/USD Forecast I am going to look for the pair to cycle back up. There could be some more downside, but I'm going to set a buy stop order at 1.35729 with a 25 pip stop loss. I will look for the pair to make a move between 15:30 and 21:30 (GMT +7)."

Clearly I got this one wrong. Looking back on it I misread the cycles and Thursday the 10th was the top of the cycle the 11th was a retrace back up (I thought this was the bottom of the cycle) and the 14th was a continuation down. Fortunately since I was using a buy stop order this trade never triggered I stayed clear of this.

For today's EUR/USD forecast I am recommending to stand aside. As I said last week I am expecting the pair to still move up a bit, but there isn't enough potential to make it worth the risk. Also there is a chance that the cycle may be complete, but I am waiting for my smart money indicator to become overbought before taking any action.

If the pair makes it to the 1.3570-80 level I might consider shorting it from there if everything looks right. This might happen between 16:00-18:00 (GMT+7) but then again it might not start dropping until tomorrow, we'll have to wait and see.

In today's EUR/USD forecast I am looking for the pair to reverse to the upside as I believe that we will have a short cycle down. As I had anticipated we had a short cycle, which completed on the 21st, which moved for about 60 pips.

It has since dropped about 90 pips. Since my daily charts say that the market is in a strong bearish mode, I would normally think that it has a bit farther to run. However my smart money indicator on the daily chart is saying that the pair is over sold, which generally means the cycle will be shortened and this pair has the potential to move up.

I would like to first see the pair break the 1.3470 level and pull back to give me some confirmation of this. It does however appear that we are in an accumulation phase. I will look for the move to take place someplace between 19:00 to 21:00 (GMT +7)

In today's EUR/USD Forecast I am still looking for the pair to move up. More precisely I would like to see it pull back then move up.

This does look like an accumulation phase to me, but the reversal has taken a lot longer than I'd anticipated. VSA, seasonals, my smart money indie and cycle analysis are all saying up.
I am looking for a pullback to the 1.3438 area for an entry. There's a good chance that it won't pullback this far, and I'll miss entry but that is the safe area for me.

I am looking for the move to take place between 15:30-17:30, which is a bit late in the day for me since it's a Friday.

In today's EUR/USD forecast I am still looking for the pair to move up. I thought it would move at least a bit last week, but it seems to have stalled. All indicators say up however. I called at an entry for 1.3438 last Friday, but in retrospect I should have said 1.3429 which is where the ADR (average daily range was). The pair hit bottom at 1.3424 so if you are still in this trade I would say hold onto it.
I am looking for a potential move to occur between 14:00 and 17:30 (GMT +7).

In today's EUR/USD forecast I am still for the pair to move up. We have been stuck in a trading range since last week and the pair has dropped more than I anticipated. If you were stopped out of the entry at 1.3438 I would say stand aside and don't re-enter the trade. If you are still in the trade I would say to continue holding it.
I'm not terribly happy with the price action but all indicators are still up. I have VSA, my smart money indicator, seasonals and the cycle all saying the same thing.

In today's EUR/USD forecast I am recommending to stand aside. I do believe that a bottom may be forming, but we still haven't seen climactic selling volume on the daily charts, which means I am lacking confirmation of the bottom despite all other indicators saying up.

I was stopped out of the long position that I entered a few days ago as the market continued to drop.

In today's EUR/USD forecast I am looking for the pair to pullback and then push up. I would like to see it first drop to the 1.3890 area before pushing back up.
I will look for this to occur between 12:30 and and 17:00 or 20:00 to 22:00 (GMT +7)

In today's EUR/USD forecast I am recommending that you stand aside. The pair appears to be in limbo, although the downside seems to be the most likely scenario, I am going to wait and see if it retraces up a bit more.
I'm sorry that I missed yesterday's forecast as I was traveling and didn't have access to a computer.

It looks like the cycle up was completed on August 4th, and the down cycle began on August 5th, which means that we are in a retrace in the middle of a down cycle.

In today's EUR/USD forecast I am recommending to stand aside. It does appear that a bottom may be forming, but I don't see the volume pattern to confirm this. Also the down cycle is still short in terms of the number of pips I expected it to run, which could mean there is more downside before it turns up. Since there are conflicting signals and it's Friday I'm going to wait until next week to see what the EUR/USD does.

In today's EUR/USD forecast I am looking for it to drop. The Trend is down and it appears that the cycle up completed on Friday. On the 4 hr. chart we have a couple of exhaustion bars, but we don't have the No Demand bar that I normally wait for in order to confirm the top. I am going to hope that it appears sometime within the next two bars and if it does I will look to enter the short around the 1.3420-1.3430 level.

According to my time-based indicators this is likely to occur between 16:30 to 20:00 (GMT +7)

In today's EUR/USD Forecast I am looking for continued down side. The trend is still down and we are in the middle of the down cycle. However I would like to see the 4 hr. Chart become over bought before entering. The VSA on the 4 hr. is indicating a topping pattern, so I am looking for an entry of about 1.3388 for entry.

On Monday's forecast I correctly called the direction, but failed to notice the VSA topping pattern that took place on Friday. I probably still wouldn't have gotten an entry since I was looking for it to pullback to 1.3420 before entering.

In today's EUR/USD Forecast I am recommending to stand aside. The last few days have been fairly choppy but it looks like the cycle down may be complete or there could be a bit more to the downside, but not enough to merit entering the trade. The trend is still down, but I will need the pair to complete a cycle up and to get some exhaustion volume to the upside in order to consider taking a short. Since it is Friday I don't expect an up cycle to complete until next week.
Trade Review- On Wednesday's forecast I said-
"The trend is still down and we are in the middle of the down cycle. However I would like to see the 4 hr. Chart become over bought before entering. The VSA on the 4 hr. is indicating a topping pattern, so I am looking for an entry of about 1.3388 for entry."
I was a bit off on the entry and the market topped out at 1.3414. I got an entry at 1.3410 since I waited for the 4 Hr. Chart to become overbought. The trade moved about 60 pips in my direction, but I only pulled out about 25 before it reversed.

In today's EUR/USD forecast I am recommending to stand aside. The down cycle looks to be complete, and the up cycle may have also completed on Friday. However I am not seeing the volume pattern that I want to on the 4 hr. chart yet. Also my time based indicators are saying that the drop likely won't occur until tomorrow
I will look for the drop to occur on Tuesday between 8:00-11:00 am (GMT +7) and 19:00 to 21:00. I'm looking to enter around the 1.3420 level, but again only if I see the VSA pattern and if the 4 hr. chart becomes overbought.

For today's EUR/USD forecast I am looking for the pair to pull back to the upside and then continue to drop. I would like to see the pair move up back at least to the 1.3340 level before considering the short and then only if I see exhaustion buying coming in on 4 hr. Chart. followed by a no demand candle and it becomes overbought. We are in the middle of the down cycle and the trend is down so I am only looking for short trades.

Trade Review- On Monday I said-
"I will look for the drop to occur on Tuesday between 8:00-11:00 am (GMT +7) and 19:00 to 21:00. I'm looking to enter around the 1.3420 level, but again only if I see the VSA pattern and if the 4 hr. chart becomes overbought."

I was right about the direction of the trade, but it took off without me by dropping on Monday night rather than on Tuesday morning. Also it never made it to the 1.3420 level.

In today's EUR/USD forecast I am going to recommend to stand aside once again. Although the pair looks poised to continue to drop my time-based indicator says that the downside momentum isn't going to start until next Monday, and that today sideways to higher prices are likely. The indicator isn't always right but I don't like trading against it. Otherwise the VSA and cycle are both pointing down as is the trend and the pair is overbought on the 4 hr. If you entered the trade today you'd likely have to carry it over the weekend, which is something I hate to do.

My analysis for Wednesday was correct as far as the pair continuing to drop. However the price never got anywhere near my safe entry point so I didn't get trade. I did manage to pull 40 pips out of the Pound Yen.