Daily Archives: January 11, 2011

Update on USDTRY Trade

Hi guys, the USDTRY trade is looking pretty good so far, its 50+ pips in profit right now, with a final take profit around 330+ pips. This trade is risking less than half of its profit target. very nice.

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Update on the AUDNZD

Check out this sweet pin bar as of now. There’s a lot of time for the daily to close but as of now this is looking like a possible trade setup. Isn’t the forex market Awesome?

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AUDNZD Going Bullish Soon?

This is the AUDNZD Daily chart and as you can see there is a large ABCD pattern setting up. If price bounces off this first resistance level we could see the trend continue. Or it might just decide on heading … Continue reading

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Update on USDTRY

Sell Limit On USDTRY Quick update on the limit order I placed yesterday. As you can see price come up and triggered my order then quickly fell back down. Everything is looking good so far, lets see how this turns … Continue reading

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What is Silver doing today?

Silver looks the same as gold really.  Would have worked out nicely to enter on a limit order down at the ABCD support line.  O well. . . Maybe we can jump in the gold and silver trend if we … Continue reading

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Lets take a look at Gold

Gold. As you can see in this screen shot gold just touched the first ABCD support and shot right up.  I was thinking about putting a limit order down there but it was to risky with the next key resistance … Continue reading

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