Trading for a living
  • Home
  • Join our trading community
  • Back to FXstreet.com

Trading for a living

Learn the strategies you may need for profiting in Forex with David Aranzabal, full time trader & CEO at FxForaliving

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Blog stats
  • Daily HD video reviews
  • Editors Pick
  • Market comments
  • Personal
  • Quote of the day
  • Starting the day
  • Technical Education
  • Trading psychology

Archives

Recent Comments

  • vennyooza on Book Short Entries
  • David Aranzabal on Opportunities in every way
  • David Aranzabal on Difficult range but not impossible
  • Somephon on Difficult range but not impossible
  • Ricky on Opportunities in every way

Tags

Daily comments Econimic calendar Education Eun EUR/USD Frankfurt Open GBP/USD HD Video Review London Open market comment Market sentiment most spectacular opening week Motivational Obama administration Overtrading Quote of the day Sports Trend Line video Video Review

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

  • Ganarse la vida operando
Very tricky start of the European session today…

Posted on June 26, 2009 at 5:28 in Market comments, Technical Education by David Aranzabal

Today we had a very tricky session at the Frankfurt - London window, as the price in GBP /USD retraced almost all the way down the previous leg up, so if you didn’t entry at the very beggining of the trendline broken, you were stoped out. Let’s review the trade:

- Price reaches the Asian support and gets rejected

- Price breaks the descending trendline. (entry opportinity). Stop below the previous swing.

- Partial profit taking at Asian resistance level. Let the rest run.

- Very tricky, price pulls back very strongly

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.