Saturday, March 23, 2013

GBPUSD Day Trading

GBPUSD Day Trading, Time to make money on GBPUSD currency.

[caption id="attachment_6316" align="alignleft" width="150"]currency day trading GBPUSD day trading[/caption]

 GBPUSD Day trading Weekly Chart:

Waiting to short GBP on Weekly Chart. Right now we are in Oversold, and price need to go back for at least 1.550. Short Signal on weekly chart should be at my fight zone and 50MA..

GBPUSD Day Trading Daily Chart:

[caption id="attachment_6315" align="alignright" width="150"]daytrading gbp GBPUSD day trading[/caption] Bullish Channel for Swing trades: Since it will take few weeks to get at my fight zone area, we have few swing trade we can take d [...]

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US Dollar Day Trading

US Dollar Day Trading ,Using DX E-mini Futures Contract

[caption id="attachment_6308" align="alignleft" width="150"]US$ market Direction US$ day trading[/caption]

US Dollar Day Trading Monthly H&S:

We can clearly see H&S pattern Monthly chart. Personally I don't like this short trade for few reason. Volume, buyers Pushing price higher than Left Shoulders. And on daily and weekly chart, we can see buyers trying to close above Red Trend Line. For those who are willing to take this trade. Long Term target will be MA 50, 79.80 and 200MA on monthly chart. Wait for the end of this month, before thinking to take a trade short on DX, few index will probably give us a direction for next  weeks. [caption id="attachment_6309" align="alignright" width="150"]us$ market direction US dollar day trading[/caption]

US Dollar Day Trading Weekly H&S zones:[...]

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S&P 500 Day Trading

S&P 500 Day Trading, Using ES 06-13

[caption id="attachment_6292" align="alignleft" width="150"]sp 500 day trading sp500 day trading[/caption]

S&P 500 Day Trading Monthly Chart:

On monthly chart you can see buyers fail twice to reach UP Bullish Trend line, and probably will fail on the 3rd time. Right now we can see sellers get in the market on daily charts. What I'm watching for, it's if at the end of this months, market will close under 1508. Is an important price for buyers to support if they looking to keep moving Up for next months and reach my UP Bullish Trend line. If price won't be supported above 1508, I'm looking to short s&P500 Index, Volume: Buyers moving UP with almost same volume all the time, but on every move , we can't match the previous volume high. PS:We still have 1 week to see how this month will close. If we close under 1508. I will see if there's a short direction to "call". Depending on how thing will go on the market. If buyers price will supported...I'm out from s&P500 trading [...]

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