170 pips from the London Open

Today we’ve got a amazing trade in EUR coming from the London Open:

Entry signal:

- In the Frankfurt - London window we’ve got triple top formation (60 m. charts).
- Head ¬ Shoulders formation in 5 min.
-Ascending trend line broken in 5m.

Result: 170 pips straight line.

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Very nice European Start !!.

Today we’ve got a excellent European start. The Frankfurt - London time frame window worked like a charm and we had lots of opportunities for profiting in the markets, from 40 to 60 pips in just one hour.

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You`ll see the trading station as you see it at your PC !!!

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As I mentioned this morning in the “Starting the day” post the dollar has continued to weaken. The moves in the currency and commodity markets indicate that the Fed’s actions will have a lasting impact on the financial markets.

The Eur/USD has now rallied for 8 consecutive trading days, but where we are right now?

Let´s go to the EUR/USD daily charts and we can realized that at the beginning of the month we had the first signals of the turnaround. Divergence in MACD and a 123 formation were the clues for joining the bulls. The reversal has been very sharp so we have to consider the next support / Resistance levels.

We can expect some retracement because the price is overbought and the 1,33 - 1, 34 level could act as support. On the other hand the 61,8 % fib. retracement is the next resistance area and it were be rare if the price hits that level without some previous retracement.

EUR/USD daily chart:

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Good morning everyone,

It’s not difficult to realize that the dollar has continued to weaken. The moves in the currency and commodity markets indicate that the Fed’s actions will have a lasting impact on the financial markets. The Eur/USD has now rallied for 8 consecutive trading days. (heading to 1.40 ?).
Today it’s suppose to be a quite day in the currency markets with no relevant news for the day. We’ve got German Producer Prices for Eur very early this morning and we’ll get CAD Retail Sales at 12:30 GMT.
But let’s consider that is end of the week and we can have profit taking this afternoon, so stay tune..
Volatility is back in the markets, so let’s enjoy it.

Eur and Cable are breaking yesterday’s highs very strongly. Watch the 1m chart in Eur to realize the power of the upside move.

Yesterday’s high in Eur (1,3530) keeps holding 4 hours after the Frankfurt open.

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ur is consolidating ahead FOMC. After the move up at around news time (actually the upside move started some minutes before CPI) is forming a consolidation pattern and it’s possible it’s not making new highs before FOMC.

See the graph (5m Eur) because the topping pattern its textbook.

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Very nice start of the week. +100 pips in the first run.

Very nice start of the week. Eur and Cable very strong since the beginning of the Frankfurt open. Lots of opportunities for scalping and for grabbing +100 pips in the first run.

Remember to press the Full Screen button to view the video in HD (High Definition).
You`ll see the trading station as you see it at your PC !!!

5m descending trendline broken very late. But…+100 pips

Today the window from 7:00 to 8:00 gmt was choppy and range but finally the market got direction at 10:00  gmt (Not a very safe time because usually we get fade breakouts at that time)

Remember to press the Full Screen button to view the video in HD (High Definition). You`ll see the trading station as you see it at your PC !!!