Forex Day Trading Room

EUR/USD News out in just over 5 min. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD We have a few (4) news items from the US out in just under 1/2 hour 12:30 GMT. One is the GDP (QoQ). Market retraced 20 + pips so far at this writing. Turn ????? We'll see. Remember 10 pips is our goal. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD [caption id="attachment_668" align="alignnone" width="300" caption="FXDMG"][/caption] This is a 15 min EUR/USD and the price action has continued to 1.3400 the figure and is just holding below at the moment. The day has followed through the turn around (At 1.3270) as you can see on the chart. The 34 & 89 are showing a directional trend change which mirror the longer term charts as well. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD Our caution is once again to take heed of the price action. The market did turn on the third rise but it still had another rise as well. This time to 1.3390 +. We missed the last rise as we were still waiting for the eventual turn down. As we write we have retreated from this past high by approx 15/20 pips. The 3 /5 on the 15 min is still riding upside bias but it look like it is weakening. Once we have a confirmation on all three time frames we will look to sell into the turn. Caution needs to be observed here as our major EMA indicators are still pointing up. If they give way then there will be a good opportunity to short the market. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD It looks like we could be topping out at the moment. Lower highs and we are coming up on the third hill or third rise since the turn at 1.3380 +. Waiting for the third rise to fail and if so we will be looking to ride the market turn down. Take nothing for granted. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD [caption id="attachment_660" align="alignnone" width="300" caption="FXDMG"][/caption] Here is a chart that is easy on the eyes. I just captured this a few moments ago and waiting for the London Open in a few min. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD Good Morning Traders... Another mix mash of news today, but I do not see anything that would turn a market direction. BUT as always we will be vigilant in scouring sources and if we see anything different we will report. What a sweetheart of a day we saw yesterday. Several short runs on the way up, that excellent turn & run down and then a full retrace today. I wish every day would produce such good signals. Soon we anticipate have our new trading room up and running and then we will be running full audio and video. We will be looking for traders to work for us and if this fits you bill please keep us in mind. Tweet us. Our expanding program for traders and those who want us to trade for them is seeing the light of day. It has taken a long time to get to this point we will soon have a private line and contact info for both traders and investor groups. We are taking a little longer than expected but it is important to keep the legal beagles happy. Finally... London open in a few minutes and we are bouncing above the 89 EMA for now but we will look for a definite market direction before committing. FXDMG

Forex trading - live day trading course and currency trade room.