EURUSD before & after

 

click to enlarge

Precise forecast on EURUSD

Yesterday our anticipated target TP2 was reached. The pair got rejected @ 3430 as commodities (gold and oil) sold off, and after the false breakout returned to 3300 lows. What can't go up must go down. Now we have a double top on H4 with a neckline @ 3250, targeting 3160. Currently all timeframes are bearish but shorter ones are exhausted. Watch 3250 & 3200 supports closely. Below 3250 possible targets are 3230, 3200, 3160, 3120. On the upside, above 3330, 3370, 3400, 3440, 3480.

(Click to enlarge)

Over 7 thousand pips!

December performance 420 pips. Yearly performance over 7000 pips.

Focusing on majors, EURUSD, GBPUSD, USDJPY, we at PivotFX provide intraday forex signals on a daily basis. These are not software generated signals and we don't use robots!
Try our professional forecast and manually selected, profitable trades. 

Filter your trades and only take the best opportunities! 

Guaranteed success.

(Click to enlarge)

Nov 17 EURUSD: precise forecast and easy 40 pips

Serious plunge yesterday on worries about European debt crisis. Daily oversold, H4 oversold and pointing upwards, H1 neutral. Expecting some correction or consolidation at least before weakening below yesterday's low. As long as strong resistance @ 3660 holds, we are going south, targeting 3350-3300 during the next couple of days. Immediate resistance is 3520-30 area, a confirmation above this level may push the price higher towards 3560-70. Expect sellers here. (Issued at 2010-11-17 06:35 GMT. )

SHORT @ 3560, SL 3580, TP1 3540, TP2 3520, TP3 3505.

 (click to enlarge)

Nov 16 EURUSD trade

Still looking weak, pair needs a convincing confirmation below 3560 to reach next target 3500. On the upside, immediate resistance @ 3650, followed by 3680-3700. If we manage to stay above this level, more upside correction is expected towards 3750. (Issued at 2010-11-16 06:21 GMT.)

SHORT @ 3550, SL 3570, TP1 3535, TP2 3515. 

Our signal precisely covered the entire body of the hourly candle. Closed position with a comfortable 35 pips. Notice that the forecast yielded 60 pips (3560>3500).

(click to enlarge)

Yesterday's EURUSD trade, easy 55 pips

Opened  a long position at 3780 and closed it at 3835 (TP3). Price eventually reached 3850 (TP4) later. The original signal we sent out:

Pair tumbled down towards 3810 in sympathy with aussie (AUDUSD fell on lower than expected CPI data). Oversold on H4, divergence on H1. If 3800 fails, next supports @ 3780, 3755, 3700.
LONG @ 3805, SL 3775, TP1 3820, TP2 3835, TP3 3850, TP4 3860.
LONG @ 3780, SL 3750, TP1 3810, TP2 3825, TP3 3835, TP4 3850.

 

(click to enlarge)

How to control risk in forex trading

For many traders, money management is the ugly stepchild of the trading family. But you can ill afford to neglect this aspect of your trading plan.

Two great articles on money management: Managing Your Money by Gibbons Burke and Fine-Tuning Your Money Management System by Bennett A. McDowel. (Click the link to read them online.)