EUR/USD Before Greeks's Vote - Do You Stay In The Market? B/S

As you can see on this chart its now in the 1.082 level again



Its churning on this support

May I know what indicator are you using?

@historian I use the RSI and Stochastic oscillator on all charts.

The rest of the analysis is MACD, bollinger bands and fibonacchi retracements to check support/resistance. theres a whole bunch of signals i use.
The RSI and MACD give me a signal, thereafter i use the rest of the tools to confirm my decision

The Best sign to look for is the Morning star. One of the best signs of a BUY signal. Works most of the time.
As you can see from the picture below it is surrounded by a sell and buy candle. Usually the head is at the top. See the red arrow pointing to it


Thanks

The above examples are just for your information. You can use this whenever you do your analysis. I will post more signals during the course of the week to help you in pick good trades.

I also don't trade everyday. I trade mostly when there are CLEAR signals

Back to EUR/USD. Today 20 july 2015 is mostly sideways movement. No Signal as yet.

As you can see from the EUR/GBP i have just scalped 21 pips on a sell signal. Watch where the RSI and STOCHASTIC levels are for a SELL

1. the RSI is Close to 70
2. the Stochastic level is over 80 close to 90

I used the 5 minute time frame to find a sell candle right at the top. I only needed 15 pips but it gave me 21 pips.



This trade only lasted about 2 minutes and was profitable.

Warning: Do not use this if you are a beginner. I use very tight Stop loss and TP. Not more than 50 pips loss or Profit

Lesson: Even though i try to make the best calculations in my analysis, i sometimes make a mistake. After all we are human and sometimes we act on impulse.

EUR/GBP . Another 11 pips Notice The RSI and STOCHASTIC in the chart below. I done this trade 3 minutes ago.

Time Frames used for analaysis: 1 hour, 30 minute and 15 minute
Time Frame used for entry: 5 minute
Position type: SELL
Entry: 0.69726
Exit: 0.69715
Pips Won : 11

on the EUR/GBP i am looking at a SELL target of 0.6950 on a little longer time maybe an hour or 2 time target might be reached.

The EUR /USD is giving me sideways movement so i have left it alone for now. That is why i have given the above signal.

Play with caution today

Here is my trade on EUR/GBP



I am aiming for 30 pips

I will manually close this trade when in profit. Even if i do not reach my TP level

You can view this chart live to see that there is a nice small trade for some profit. Check live levels on ur broker now and you will see i am in profit right now

You can lock in your profits now. Dont be greedy

LOL, i have not received a thank you from anyone

following and learning, thanks

@historian. Thank you

EUR/USD has still not given me a SELL signal. I have no open trades. I do not like the chart as yet. I will post as soon as i got a crystal clear signal.

If you have followed my trades so far you should have got at least 30 pips.

Thank you all for listening and learning. Practice makes perfect

Is everyone in profit Now? Thats more than 76 pips trade in a very short while