Posts Tagged by free forex signals
Two Forex Chart Pattern Set-Ups
| December 19, 2011 | Posted by admin under Forex Technicals, Swing Trading Ideas |
Two Forex Chart Pattern Set-Ups Chart patterns provide an easy way to trade the forex market. This is because chart patterns provide an easily identifiable entry point, stop level and profit target. Here are two chart patterns in the USD/CAD and EUR/CHF currency pairs I am seeing right now, and will briefly outline the entry…
GBP/USD Day Trade Setup – July 16
| July 16, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The GBP/USD currency pair has formed a downward sloping flag formation. This sets up a potential trade, and due to the action leading into the current formation, we have multiple profit targets. A break above the upper channel line (see chart) indicates a swing higher with a target of 1.6500. A move aggressive target is…
AUD/USD Potential Day Trade
| July 15, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
Here is a potential trade which is likely to materialize in the late London or early US session. The AUD/USD has consolidated in a narrow band (happens often around this time of day), and is likely to have a breakout on the 30 or 15 minute chart. The bias is upwards indicated by the pattern…
USD/CHF Potential Day Trade Set Ups
| July 14, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
On the longer term charts this pair has really leveled off and is in a definite range. Within the range there are potential trading opportunities when we shrink the time frame and look for set ups on these smaller time frames. In this post we will look at the 1 hour chart. Currently there is…
EUR/USD Makes a Strong Move
| June 23, 2009 | Posted by admin under Forex Technicals |
The eur/usd currency pair scorched higher today, moving almost double its 12 day average (daily) range. Breaking above daily support at 1.4000 it appears a new swing up is developing. The next resistance level is at 1.4170 with a push beyond likely to test the recent highs at 1.4330. Moves beyond indicates profit targets of…
USD/CAD Analysis: Where is it Heading? – Daily Chart
| June 22, 2009 | Posted by admin under Forex Technicals, Intro to Trading |
In my last post on the longer term view of this pair, I mentioned that how the pair reacted at 1.0800 would be critical in its longer term movements (this analysis was contributed to ForexPros.com and can be seen under my submitted analysis – My analysis of the eur/usd and usd/jpy can be viewed daily,…
USD/JPY Day Trading Signal – 30 Min Chart- June 22
| June 22, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair is in a sharp downward sloping wedge. The interesting thing is this wedge’s apex is right at the major support level of 95.60. Thus, this wedge can give us an early indication of which way the market is likely to act off this support level. From the chart you can see the trendlines…
EUR/USD Interesting Position – 15 or 30 Minute Charts
| June 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair just broke minor and a major support ~Cory Mitchell, CMT Chief Market Strategist Remember, failed breakouts are tradeable too! ———- Want to learn more about chart patterns or other trading methods? Check out my Trading Courses page. ——— Are you interested in getting into trading? Or if you are already trading and dissatisfied…
EUR/USD Day Trade Idea – 15 or 30 Minute Chart
| June 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
June 18, 5:44 AM GMT Please read the latest How to Use the Trade Ideas blog if you have questions. If you still have questions after, feel free to comment With a short term uptrend in place we have a favorable set up for a buy. A push above 1.3980 would indicate a profit target…
USD/JPY Overview – Daily Chart Analysis – June 17
| June 18, 2009 | Posted by admin under Forex Technicals, Techncial Analysis Tutorials |
If you look on the USD/JPY daily chart I have attached below there a few interesting things to point out. The first is the the pair is trading in a large range. This means that breakouts within the range may be stifled from reaching their full potential unless a break of the larger daily range…
EUR/USD Update and Broader Outlook
| June 15, 2009 | Posted by admin under Forex Technicals, Swing Trading Ideas |
If you read my earlier post about the potential trade today in the pair (http://vantagepointtrading.com/archives/1742) you will see the trade never materialized. In the comments to that post I wrote why the trade didn’t materialize. That the trade didn’t happen is fine, but the drop below the 1.3800 was a bit more unexpected and deserves…
EUR/USD Day Trade Idea 1 Hour Chart- June 14
| June 14, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The EUR/USD has formed a “sling shot” in the RSI indicator. It can be seen on the hourlies through the dailies. This indicates a day trade but also a swing trade as the sling shot unfolds on longer time frames. We will look at the hourly chart for this potential trade. The sling shot indicates…
GBP/JPY Day Trade Idea – 15 Minute Chart
| June 9, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
It is June 9 and I just got back from a short trip which was why there was no updates over the last week. Some large moves occurred and hopefully you were all able to capture some profitable trades. The GBP/JPY has formed an ascending triangle which provides a potentially good trade set up. This…
GBP/USD Forex Day Trading Idea – June 1
| June 1, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair has consolidated but is still in an uptrend. While a break higher is more likely, a break in either direction is tradeable. A break above 1.6240 would target 1.6300. A move below 1.6210 provides a profit target of 1.6180-1.6170. This trade idea is based on a 15 minute chart for the GBP/USD currency…
EUR/USD Trade Idea – Aug 16/17
The EUR/USD pair has been in a tightening range after a very strong move a couple weeks ago. This has formed a triangle formation and points to breakout either higher or lower of roughly 400 pips from the breakout point. With the overall trend still up, the bias is for a break to the upside,…