(Click On The Image To Enlarge)

Hi guys, have you been doing well in your forex trading this week? If not, please leave a comment at the end of this post on what problems you are facing, or you can email me too. We will look at the forex market conditions for EUR/USD today and below are my analysis for the pair with the forex charts above.

There was a new low in place at 1.3112 on the 30th March. From the forex charts above, we can see that the price was also supported by the golden colour 200 EMA. Although the pair broke through the channel between 1.3730 and 1.3418, the market conditions remains neutral in EUR/USD and seems like there are more consolidation to be seen. However, the intraday bias remains on the downside as there is a minor resistance of 1.3417. There seems to be a triangle (brown colour) and the price is waiting for a break out. If the pair falls below 1.3112, it will suggest that the fall from the high of 1.3737 has resumed. Break of 1.2990 will confirm that rise from the low of 1.2456 has completed and may retest the support. On the upside, break of 1.3418 may indicate that rise from 1.2456 is heading back into the consolidation channel and may reach the higher target of 1.3855 (61.8% fibonacci).

In the bigger picture of forex trading, recent development suggests that EUR/USD may still be bounded by sideway consolidation and at this moment, we can’t confirm that the rise from 1.2456 has completed. EUR/USD may still extend it’s rise to 1.3855 and above. However, upside should be limited by the high of 1.4719 resistance and then down trend may resume from there. On the downside, if the pair goes below 1.2990 support, it will confirm that rise from 1.2456 has completed.

If you have not got my forex trading system that is provide in my f.ree ebook, please get it now as there will be tons of forex training, education and forex trading tips that you can pick up.

You can also find out what I am doing now by following my Twitter here .

(Click On The Image To Enlarge)

Hey traders, for the past few days, I have received many emails asking me why there isn’t many forex signals being generated. They even asked me whether are they trading correctly? Well…don’t worry guys, for the past few days of forex trading, there isn’t any quality trades for EUR/USD because there is no trend at all, and you are alright without taking in trades. Above is the technical analysis and we will discuss about the forex chart above.

On 19th March, EUR/USD registered a new high of 1.3737 and for short to medium term, we can see that the pair is resisted by that level and unable to break through it. The retreating from 1.3737 is still in progress and the bias is little on the downside as there is a minor resistance of 1.3588. However, downside should be supported by the 1.2990 level and above that the pair may resume it’s uptrend. If EUR/USD get above 1.3588, the pair will resume it’s intraday bias and may approach the next resistance level at 1.3855 (61.8% retracement when we draw the Fibonacci levels from 18th December 2008 to 4th March 2009).

When we look at the bigger picture of this currency pair, recent development suggests that it is on it’s current rise and may extend it’s uptrend to a high of 1.4719, or even above. But after all, EUR/USD should be limited by 1.4866 major resistance and bring on the downtrend resumption.

After the forex trading analysis above, are you guys clearer about what the market conditions are now? I hope you can learn something from the above and please trade with care. I will keep you updated again on the forex market conditions when there are some changes. Take care.

Have You Got My F.ree Forex Ebook With The Strategy That Made Me 505 Pips In 5 Hours?

Learn to trade forex using my simple, time tested and proven forex trading system , CLICK HERE to download my f.ree 56-page “Forex Trading To Riches” ebook now. You will also receive my f.ree weekly PowerPips Newsletter jammed packed with useful forex training, forex signals, forex strategies in the forex market, forex education etc. If you have any further comment please do remember to comment below.

If you’re new here and like what you read, please subscribe to my blog feed or sign up for f.ree email updates .

You can also find out what I am doing now by following my Twitter here .

(Click On The Image To Enlarge)

Hey guys, how’s your forex trading this few days? It has been very trendy right…so did you make some pips from the forex market? I hope so. We will do some technical analysis on the forex charts above. Below are some of the forex tips.

EUR/USD extends its rally yesterday further and registered a recent high of 1.3737 and at this point, intraday bias is on the upside as long as the 1.3418 minor support remains. See the forex chart above. It may be trending with a new and steeper rising channel. We draw the Fibonacci levels from 18th December 2008 to 4th March 2009 and it shows that the currency pair is still on a major down trend move. However, there should be further rise for this pair to next key resistance at 1.3855 (61.8% retracement). If EUR/USD can break that level, it will then target the 1.4719 high. On the downside, if it drops below 1.3418, pull back should be contained above 1.2991 support and resume it’s uptrend.

Recent economic development suggests that EUR/USD is possibly adding on to the current rise and might extend further to the high of 1.4719 or above. However, the rise should be limited around at the level of 1.4866 resistance and continues its downtrend resumption. So forex traders please trade with care. Good luck!

Have You Got My F.ree Forex Ebook With The Strategy That Made Me 505 Pips In 5 Hours?

Learn to trade forex using my simple, time tested and proven forex trading system , CLICK HERE to download my f.ree 56-page “Forex Trading To Riches” ebook now. You will also receive my f.ree weekly PowerPips Newsletter jammed packed with useful forex training, forex signals, forex strategies in the forex market, forex education etc. If you have any further comment please do remember to comment below.

If you’re new here and like what you read, please subscribe to my blog feed or sign up for f.ree email updates .

You can also find out what I am doing now by following my Twitter here .

Click On The Image To Enlarge)

Hey guys, if you have read my forex trading technical analysis on 12th March, you would know that my analysis for the currency pair EUR/USD had achieved the target price of 1.2990. If you missed that post, you can refer to it by Clicking HERE ! Below is more analysis on the forex chart.

So now that it has reached 1.2990, we can confirmed that the short term bottom is at 1.2456 on this 4-Hour forex chart. At this point of time, the short term bias still remains on the upside as the minor support of 1.2836 shows 38.2% retracement (fibonacci drawn from 4th March low to 16th March high). If the price go below the 1.2836 minor support, then intraday bias may suggest the price will retest the 1.2456 low. On the upside, the price has met resistance at the 89 EMA on the daily chart, and may go beyond that 1.3071 short term high to test 1.3320 of the 38.2% retracement (fibonacci drawn from 18th December 2008 high to 4th March low).

Have You Got My F.ree Forex Ebook With The Strategy That Made Me 505 Pips In 5 Hours?

Learn to trade forex using my simple, time tested and proven forex trading system , CLICK HERE to download my free 56-page “Forex Trading To Riches” ebook now. You will also receive my free weekly PowerPips Newsletter jammed packed with useful forex training, forex signals, forex strategies in the forex market, forex forex education etc. If you have any further comment please do remember to comment below.

If you’re new here and like what you read, please subscribe to my blog feed or sign up for free email updates .

You can also find out what I am doing now by following my Twitter here .

(Click On The Image To Enlarge)

Hey guys, how’s your forex trading for the past few days? I hope it has been fine for you. From now onwards, I will try to post some of my analysis for the forex market. I said I’ll try because I have too many emails to reply everyday. Maybe one to one advice in through emails is better, but I’ll post my analysis here so that everyone can benefit. For today, I have chosen the currency pair EUR/USD because it is quite trendy for the past few days. For the above forex charts, you can see that it’s a H4 chart with some forex indicators EMA, trend lines, MACD and Stochastic.

The EUR/USD had a significant bullish correction yesterday. The pair topped at 1.2864 and closed at 1.2805. From my analysis, there is a strong bullish trend line indicating a strong bullish correction. The Stochastic and MACD is also showing a higher high. For near and short term, the pair is bullish as it may test the 1.2900 level. This level is also the resistance of 23.6% when we draw the Fibonacci from 18th December 2008 high to 4th March 2009. I emphasize again, this is a strong resistance level as we can see the price was strong resisted by the 1.2900 line and the golden color 200 EMA on 23rd February 2009.

Though the above forex chart showed the pair is on a short term bullish bias, but the bearish scenario in longer term remains intact. What the forex market is in now for this pair is a counter-trend phase. I’m not a fan of trading counter-trend(I’m a trend trader!), so please be very careful and patience, do not take forex signals anytime like you wish. Reminder once again, please use my Pips Mover™ forex trading system only when there is a trend, this is to ensure higher probability of winning. Happy trading and good luck!

Have You Got My Free Forex Ebook?

Learn to trade forex using my simple, time tested and proven forex trading system , CLICK HERE to download my free 56-page “Forex Trading To Riches” ebook now. You will also receive my free weekly PowerPips Newsletter jammed packed with useful forex training, forex signals, forex strategies in the forex market, forex forex education etc. If you have any further comment please do remember to comment below.

If you’re new here and like what you read, please subscribe to my blog feed or sign up for free email updates .

You can also find out what I am doing now by following my Twitter here .

(Click on the image to enlarge)

Please refer to the forex technical analysis of the opened trade HERE. This GBP/USD trade was closed with a profit of 210 pips in a total of 5 hours of waiting today! I shifted my target profit to just above the S2 level when the price came close to S1 level. Of course, my risk to reward ratio changed to 1:6: 35 pips stop loss, 210 pips target profit.

At 08:00 GMT, this trade was triggered by my profit target at the price 1.4540. And I achieved a risk to reward ratio of the planned 1:5 for this trade. After the 08:00 GMT, some candles were supported by the daily S2 level and then the price bounced off that level. This showed that the pivot points once again had shown it’s accuracy~

So if you would like to spot this kind of trading opportunity, please download my F.R.E.E forex ebook which consist of my forex trading system, indicators and the forex newsletter that I send out every week! Enjoy and have a profitable trading for the week ahead…and I’m still working on my going-to-launch forex system.

(Click on the image to enlarge)

This is the first week of December and also my first trade in forex trading this month. The currency pair GBP/USD is still on a downtrend amit recession for the U.K. looms deeper. This pair have not tested the lowest point yet and there are still room for depreciating further.

GBP/USD was one of the most trendy pair in my chart this afternoon, with GBP/JPY almost on par. I was out for some discussions with my friends, and therefore traded this pair using my laptop. Hope you won’t find the chart hard to read as it was too wide. With the Weekly and Daily Pivot both above the price, we can see the past few candles have been strongly resisted by the daily pivot point.

The 23MA is almost the same level as daily pivot point, made it higher possibility that price will go down. Moreover, the stochastic and MACD is down too. So I shorted the pair at 04:46 GMT at the price of 1.4750, with stop loss 35 pips, target profit 70 pips, therefore a risk to reward ratio of 1:2. Not too convinced that this pair will go too much beyond S1 level, thus had the target profit just above S1. Traders let me know what’s your comments on this trade. Let’s see what will happen to the result of this trade.

(Click on the image to enlarge)

For the Forex Trading technical analysis of my previously opened trade please refer to it HERE. This GBP/JPY trade was closed with a profit of 250 pips! I was considered quite lucky not be be stopped out by the 12:00 GMT candle. I did not adjust my stop loss to break even as I was giving this pair more room for fluctuation. This trade actually took quite long before results were seen. I adjusted my profit target to just above the daily S2 level after the 13:00 GMT candle showed bearish signal.

At 14:00 GMT, this trade was triggered by my profit target and I’m quite satisfied with the profits. I achieved a risk to reward ratio of around 1:7 for this trade, with an initial stop loss of 35 pips. After the 14:00 GMT, the price did bounced off the S2 level and then resisted off the S1 level to continue downtrend to 137.65. Though I missed the rest of the pips after my trade had closed, I still considered this trade quite profitable given the choppy markets for the past week.

So if you would like to give yourself a chance to trade like me, please download my F.R.E.E forex ebook which consist of my forex trading system, indicators and the forex newsletter that I sent out every week! Enjoy and have a profitable trading for the week ahead…and I have to continue to work very hard on the forex trading system that I’m going to launch…:)

(Click on the image to enlarge)

This is my 1st trade of the month because as you all know, I’m busy developing my new forex trading product and other stuffs, so can’t find much time to trade and post it to my trading blog. Anyway, most of the currency pairs have been ranging the past few days and there wasn’t a real trend to trade for me. So what about you? Did you find any good opportunities to trade? Please share with me I decided to take on this GBP/JPY pair because it was one of the most trendy, and of course with the asian markets extending the global route, bringing bearish to the pair.

I opened my position at 142.45 as the indicators on my charts had shown it. Besides, the price was below my Weekly and Daily Pivot, so it’s a high possibility of going down. My stop loss for this trade was 35 pips, and set my profit taking at just below the S1 level, which made a risk to reward ratio of 1:2. I’ll continue to adjust my profit taking if the market goes my way.

Have you found this trade opportunity also? If not please get this forex trading system in my F.R.E.E forex ebook. I didn’t just depend on the daily and weekly pivot to trade, I also look at other indicators before I enter the trade. I have make it a point to include my forex ebook, indicators and the weekly forex newsletters in my F.R.E.E membership, so please download it for your own use and start making profits. Look out for my next post on the results of this trade.

(Click on the image to enlarge)

Finally, all of my positions are closed for the day with a total of 510 Pips! Hey there, and it was an intraday trade! To be honest, this was the biggest profit that I have made far for AUD/USD pair in my forex trading career for an intraday trade, within 5 hours. Do you want a forex trading tips from me on how I did it? haha…no secrets actually, I just simply followed my PIPS MOVER™ forex trading system, with the money management rules and discipline. Mind you, I gave that system away for fr.ee as I wanted my friends and fellow traders to make money online through forex trading. But instead, my friends called me ‘Crazy Boy’ to give away such a good system and membership for F.R.E.E! So how?? I’m a bit hesitated now on whether to sell my forex trading guide which drives so much profits or continue to give it for fr.ee? I don’t know but you all better grab my fr.ee system and membership before I decided to charge them with fees. Anyway, if any of you find difficulty in understanding my forex guide or trading system, please leave me some comments so that I can help to solve the problem. Thank you and have a nice day~